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Published in Chapter:
Economic Impact of COVID-19: Challenges and Opportunities
Zainab Hamid (University of Kashmir, India) and Shawkat Ahmad Shah (University of Kashmir, India)
Copyright: © 2023
|Pages: 16
DOI: 10.4018/978-1-6684-5181-6.ch010
Abstract
The novel coronavirus (COVID-19) poses unprecedented challenges to global economy and international development and has become a humanitarian crisis affecting millions of lives and livelihoods throughout the world. It affects almost every economic activity and operation and at the same time poses a threat to every sector of the economy, people, places, and businesses. COVID-19 brought not only crisis, disruptions, and challenges but also bred fertile ground for opportunities, innovations, and digitalization of economic sectors. In this context, this chapter focuses keenly on the economic impacts of the COVID-19 crisis, including the economic challenges and opportunities it creates, and accordingly, recommendations have been presented.