Question

Corona virus covid-19 is a new strain that was discovered in late 2019, which has not been previously identified in humans. The virus resulting fear caused the capital market to have its worst months since the start of the 2008 recession. Many business are suffering globally as this continues to make its way through quarantines and economic isolations, the impact seems to be raising rapidly especially in Western Europe and North America.

Choose a country that has been affected by Corona virus covid-19 and discuss how this country was affected in terms capital market (stock market, money market etc.) what precaution measures do this country is taking against economic disgrace.
On your own opinion what proactive and action needs to be taken sooner than later to stop the economic pressure and spreading contagion that might push the global economy into recession.

Answer 1

I would choose the example of India. In India, it has been two months since coronavirus entered. Effects on this country were:-
There was an acute decline in the share market rates. Yes Bank went into crisis. Gold rates eventually fell. All this caused a destruction to the country's economy.

Precautions that the country is taking against economic disgrace is:-

The government is locking down the country for some time so as to get rid of this medical issue and so that the Economic conditions can be restrored. India is also adopting various policies that China adopted to eradicate coronavirus effect.

In my opinion, the country should be kept locked down till the time when this medical issue is tacked. Otherwise, this problem would keep on multiplying and the Economies conditions would not be restored at the earliest.