How downfall in economy can impact

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Question: The COVID-19 pandemic has had a profound impact on the economies of the world since it began in March 2020. The sudden outbreak of the virus and the late measures taken to contain it led to widespread business closures, job losses, and a sharp decline in economic activity worldwide. The pandemic has affected nearly every sector of the economy.The sudden stop of the economy. led to an unprecedented increase in the unemployment rate, a reduction in consumer spending,Technology and a significant blow to small businesses.Economist argue that affluent countries were not as affected as much due to the pandemic, as the developing countries And that all world economies would not be able to return to pre-pandemic levels. Economists need to understand how a how differently the pandemic affected developed countries in comparison to developing countries.

And how downfall in economy can impact an individual's personal finances and what they can still do to make informed decision that can save them

Can someone come up with a resolution/claim for the above mentioned introduction paragraph for an argumentative essay.

Reference no: EM133374614

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