Open AccessThe Financial Markets' Response to Covid-19: A Review
Author(s) -
Mushtaque Ahmed Laghari,
Huidan Xu
Publication year - 2022
Publication title -
international journal of social science research and review
Language(s) - English
Resource type - Journals
ISSN - 2700-2497
DOI - 10.47814/ijssrr.v5i3.230
Subject(s) - pandemic , covid-19 , financial market , developing country , business , financial sector , development economics , economics , financial system , finance , economic growth , disease , medicine , infectious disease (medical specialty) , pathology
From the beginning of 2020, Covid-19 has severely affected the world by its impulsive and deadly outburst. Due to its multiple hazardous effects, many scholars have attempted to address how the viral disease has influenced financial markets of both developed and under developing countries. The research problem interpreted by this paper is the actual impact that the pandemic has left on global financial markets. It is sensible to conclude that Covid-19 has left a huge impact on the financial markets and the economic sector worldwide. From the data reviewed, it is evident that there is an actual correlation between the pandemic and the fall of financial markets. This research has used qualitative and quantitative methods to address the topic, and has brought forth a concise summary of the epidemic’s effect. All countries, industrialised or developing, have felt the economic pressure that has been raised with the outbreak of Covid-19.