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Coronavirus Disease 2019
(COVID-19)
Covid19 (History (Resulting in the…
Coronavirus Disease 2019
(COVID-19)
History
Resulting in the 2019-20 coronaviral pandemic. Since then, it has spread worldwide.
The disease was first detected in Hubei, China's capital Wuhan in 2019.
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Economy
Global
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Negative
Global stocks are going down, due to panic sell and decrease in business productivity.
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Local
Positive
Stores selling essential goods, such as drugstores.
- Panic buying masks and hand sanitizers boosted their sales; despite frequent stock filling, they were always out of stock.
Supermarkets, food ban, force many to store food in supermarkets and make home cooking food.
Delivery Companies such as FoodPanda, Dahmahkan, Grab food, etc.
Negative
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Closing of local restaurants means that sales and revenue are reduced by just delivery and pick-up (not all consumers willing to take risks)
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