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More than 4.3 million confirmed cases and over 290,000 deaths worldwide have resulted from the COVID-19 pandemic. Fears of an imminent economic downturn and recession have also caused it. Social distancing, self-isolation and travel restrictions have contributed to a decline in the population in all sectors of the economy and have led to the loss of many jobs.

Globally, COVID-19 has impacted societies, businesses and companies, impacting the capital markets and the global economy unwittingly. A disruption in the supply chain has led to uncoordinated regulatory responses and lockdowns. The production of goods from factories was substantially reduced in China by lockdown restrictions, while quarantine and self-isolation policies reduced consumption.
Reinforcing its bargaining trade strength against the US. In fact, Chinese companies would be in a favorable position to acquire their Western counterparts, which are highly dependent and will eventually be impacted by the stock market.

In an effort to dampen the economic impact of COVID-19 on the euro area, Europe has pledged a EUR 1.7 billion bailout plan with contributions from all Member States, the United Kingdom and countries in the region that do not form part of the European Union (eg. Switzerland)
In a competitive world with vital liquidity levels, the downturn in global capital markets has festered. Central banks have intervened internationally to battle these effects to ensure that liquidity is preserved and mitigate the economic shock, with some leaders embarking on a 'Whatever it takes' policy. Imperial College London's Professor of Financial Economics, David Miles, has contrasted such government spending to post-Napoleonic spending, where public sector liabilities have risen dramatically. He also explains that it will be difficult for bond markets to cope with large-scale government bond issuance and that central banks will have to intervene by buying these bonds.

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This is the impact of the Coronavirus on business | World Economic Forum (weforum.org)