Link:
Publisher:
| ECONOMICS AND ADMINISTRATIVE STUDIES JOURNAL (EASJ) (formerly AL-DANANEER JOURNAL) |
Abstract:
| The study aims to highlight the role of the financial crisis due to the Coronavirus pandemic on public sectors in countries, especially the financial sector, financial markets, oil markets, as well as the transport sector and the economy in general, and the study problem focused on a major question that includes: Does the current global financial crisis due to the Coronavirus pandemic have an impact on sectors the public? As the study assumed that there is an impact of the current financial crisis on all public sectors, and the study’s options are the most prominent sectors affected by the crisis of the Coronavirus pandemic and relied on the real data of the sectors issued by international reports according to each sector or market. To a set of conclusions, the most important of which are: 1- The Corona crisis caused the spread of corporate losses, the widening of job losses, systemic financial tensions, and a decline in global financial and economic growth rates. 2- If the pandemic continues into the second half of 2020, financial conditions are expected to worsen and collapses in global supply chains are expected to rise, and global GDP is expected to decrease by an additional 3% in 2020. The study also suggested that policy makers and their makers should take appropriate measures to confront ” The Coronavirus pandemic “by setting public monetary and financial policies and supporting the financial sector policy such as liquidity facilities and credit guarantees and expanding the scope of unemployment insurance to curb the continuation of its large effects due to the lack of investments and job losses in this downturn. |