Global Economic Crises, and The Expected Effects of The Emerging Corona Virus Crisis 2020

Document Type : Original Article

Author

Economic Studies and Political Science department Alexandria University Egypt

Abstract

Crises are the collection of a crisis, which is turbulence, and they are defined according to what is added to it. If health crises are said, what is meant is a disturbance of the global health situation as a result of the spread of a specific epidemic, and if the economic crisis is said, then what is meant is a disturbance of the economic situation or a disturbance of the economic balance. The health crisis is considered a new term that can be added to the entirety of our terms that we use in the field of crises, and by it we mean what happened to the whole world with the Corona virus. Although the crises that we have become accustomed to affect the different elements of production, this calamity affects the human factor itself, The Corona virus crisis is considered the most dangerous health crisis in history because of its dangerous impact on the global economy and its various components, especially the human element, which has caused panic and terror among all individuals and the production wheel has been voluntarily disrupted by businessmen and governments, for the first time in history, This brought the global economy into a state of stagnation and stagnation, and thus became disastrous economic effects globally and regionally, and wage levels decreased, in addition to declining consumer confidence, high unemployment rates, and increasing uncertainties, and this research will be exposed to the health crisis and economic and financial crises in modern thought, And the implications for the global and Egyptian economy.

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