The Corona crisis. Global demand shock and fiscal policy reaction


Term Paper, 2021

21 Pages, Grade: 1,7


Abstract or Introduction

The global economy has shifted from a mostly growing economy into a severe, almost life-threatening recession or even depression within of weeks and months. The aim of this term paper is to show the real impacts of the Corona crisis on the economy. Especially the impacts on demand and fiscal policy reactions are described in this term paper.

The wealth of a country depends, among other things, on the overall economic situation, which is usually defined as the business cycle. Good indicators of an economic situation are generally indicators such as the employment rate, the unemployment rate, prices and development of interest rates, sales and capacity of utilization. The pandemic has completely changed all areas of life overnight including the world economy. In addition, to protect of people and address issues of mobile working, new products had to be developed very quickly, for politicians to make current assessments and decisions. The exceptional circumstances have posed challenges to all and raised very similar questions for humanity: what will be the consequences of the pandemic for the economy, for international cooperation in education, academic research, and culture?

Details

Title
The Corona crisis. Global demand shock and fiscal policy reaction
College
University of Applied Sciences Essen
Grade
1,7
Author
Year
2021
Pages
21
Catalog Number
V1420335
ISBN (eBook)
9783346977168
ISBN (Book)
9783346977175
Language
English
Keywords
International Economics, Economic, Fiscal policy, Global demand
Quote paper
Seda Kaygusuz (Author), 2021, The Corona crisis. Global demand shock and fiscal policy reaction, Munich, GRIN Verlag, https://www.grin.com/document/1420335

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