Towards Reviewing an Immediate Impact of COVID-19 on the Integrative World Economy


On 31 December 2019, WHO received inputs of pneumonia cases in Wuhan city of China, but the cause of infection could not be known initially. However, after some time, the medical researchers of China disclosed a novel coronavirus as the cause on 7 January 2020, named “2019-nCoV.” The coronavirus (CoV) belongs to Severe Acute Respiratory Syndrome (SARS) species that leads to infection, causing illness, which ranges from the common cold to serious sickness. Finally, on 11 March 2020, the WHO Director-General Dr. Tedros Adhanom Ghebreyesus announced the outbreak as a pandemic. As the fear and ambiguity rose among companies and firms, the profit rate seemed to be lower due to the COVID-19 global impact. Nearly US$6 trillion in wealth from 24th to 28 February 2020 of the stock market has been wiped out. There was a great decrease in value over the S&P index, which abolished over $5 trillion in the same week. However, the largest 10 companies of S&P faced a loss of $1.4 trillion. The investors make an analytical prediction that firms' profits may drop in response to the impact of coronavirus. The prime focus is on the importance of digital business practices and how different sectors have been affected in terms of economic loss during this pandemic outbreak in this paper.

Publication DOI:
Divisions: College of Business and Social Sciences > Aston Business School
College of Business and Social Sciences > Aston Business School > Operations & Information Management
Additional Information: Copyright 2022. This article published as an Open Access article distributed under the terms of the Creative Commons Attribution License ( which permits unrestricted use, distribution, and production in any medium, provided the author of the original work and original publication source are properly credited.
Uncontrolled Keywords: Information Systems and Management,Management Science and Operations Research,Strategy and Management,Computer Science Applications,Business and International Management
Publication ISSN: 1533-7995
Last Modified: 24 Apr 2024 07:25
Date Deposited: 19 Sep 2022 08:21
Full Text Link:
Related URLs: https://www.igi ... /article/281690 (Publisher URL)
PURE Output Type: Article
Published Date: 2021-08-01
Accepted Date: 2021-08-01
Authors: Alankar, Bhavya
Kaur, Harleen
Ahsaan, Shafqatul
Sharma, Gaurav
Chang, Victor (ORCID Profile 0000-0002-8012-5852)



Version: Published Version

License: Creative Commons Attribution

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