A new economic study concluded that the pandemic of the Coronavirus and the harsh closures that accompanied it cost the global economy about $ 3.8 trillion, a figure that is expected to rise.

Researchers at the University of Sydney, Australia, said their study was the first attempt to determine the economic consequences of the epidemic on a global scale.

The researchers pointed out that 147 million people lost their jobs around the world, causing salary payments to drop by $ 2.1 trillion.

The global consumption level decreased by 4.2 percent, equivalent to $ 3.8 trillion, which is equivalent to the GDP of a country like Germany.

Corona's repercussions cost more than the combined wars of the United States in Afghanistan and Iraq combined.

As expected, the tourism and travel sector was the most affected among the economic sectors, due to the canceling of flights and the closing of many countries to its borders, especially in Asia, Europe and the United States.

As a result of orders to close and close the borders, the world lost its interconnectedness and contact before the pandemic that started in late 2019 in Wuhan, China.

The matter caused great unrest in economic sectors besides tourism, such as trade, energy and finance.

These losses are due to the nature of the global economy, which has become more intertwined and intertwined in the twenty-first century.

The researchers said that global losses are likely to rise with the continuation of the closure measures, warning against lifting these measures, may lead to more severe economic effects for a longer period.

They pointed out that the most affected groups of workers are migrant workers and unskilled workers, who are difficult to adapt to in the virtual work environment created by Corona, according to the British newspaper "Daily Mail".

Despite the dark aspects of the Corona crisis, a bright side has emerged, which is the biggest decrease in greenhouse gas emissions in human history, according to the study.

Source agencies

By:Nadeemy Haded

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