The COVID-19 Pandemic's Essay On Society And The Economy.

Undocumented immigrants and job loss

Due to the outbreak situation of the coronavirus pandemic all over the world, the museums have been closed. As such, the new museum has been unstructured and operated remotely in order to remain visible and relevant whilst building remain out their bonds. Navigating the challenges associated with the COVID-19 impact, the most diverse museum is evident to go through the vulnerable impact in the area of stocking supermarkets, driving cabs, delivering and making foods, and working in the gig economy (en.unesco.org, 2020). Most of them the undocumented immigrants who suffer from losing their jobs.

A systematic political failure has also been identified for providing equitable resources as well as health care. This has led to societal development along with lacking empathy, respect, and care for diversity and people. In addition, the global communities in the neighbourhood also suffered disproportionately as well. The current report aims to analyze the impact of COVID 19 on mankind. Discussing the concrete examples, as well as presenting a shred of evidence, the study will demonstrate the impact.

In several parts across the globe, the outbreak situation of the coronavirus pandemic has triggered brutal recessions as well as jeopardized access to food. As such, both poverty and hunger were spreading due to the progress of malnutrition. As a result, the nation got affected due to extreme climate change, conflict and the economic slowdown. However, battling towards the high inequality has been identified as the key driver of the food insecurity in the interactions. A current report (State of Food Security and Nutrition in the World Estimates) of WHO has revealed that by the end of 2030, the sustainable development gold (Zero hunger) will be missed out (Who.int, 2021). Due to the wide range of unemployment, poverty has been evident as well. The said report disclosed that nearly around 660 million people are expected to be linked to the lasting effects of the pandemic in this regard.

On the other hand, in terms of poverty, it can be stated that the global economy has been bounced back from the ravages of the economy due to the coronavirus pandemic. As for 2021, the growth was expected to hike by 5.6%. Due to the high level of unemployment, the initial income of the people has been lost. As such, the decline in income has been translated into a sharp increase in worldwide poverty (Suryahadi, Al Izzati & Suryadarma, 2020). A recent report from the World Bank has revealed that around 97 million global people are living to have $1.90 less per day due to the pandemic circumstances (SÁNCHEZ-PÁRAMO et al., 2021). Also, globally it is expected that around three to four years of progress can end the high poverty in the post COVID situation.

Due to the outbreak situation of the COVID-19 pandemic, it is evident that the global economy has been posed to the most robust recovery in its post-recession periods. According to Sumner, Hoy & Ortiz-Juarez (2020), the rebound from these circumstances is expected to be even across the developed countries as the economy has established to recover from the lag of the economic downturn. As the coronavirus crisis consisted of the strong dimension of the territory, therefore the economic downturn has been evident due to the loss of employment and regular earnings (Allain-Dupré, Chatry, Michalun & Moisio, 2020).it is worth to mention that the specialization in the regional economy sectors indirectly or directly exposes to the participation as in the global value chain that is to amplify the impact of the crisis. It is worth to mention that restriction for controlling the spreading of the virus as well as relieving pressure on the fragile and overwhelmed health system is seen to have a huge impact on the growth of the economy. As said by WEO, the COVID-9 pandemic has triggered an unprecedented crisis across the globe (Hepburn et al., 2020). As such, the global health crisis to the huge human tolls also has led to the worst worldwide crisis since the economic recession of World War II.

Poverty and hunger

The crisis of the COVID 19 economy herein accelerated the awareness regarding the urgent needs in order to shift the carbon-neutral economy to all levels of government. As such, the pre-crisis recovery strategies have appeared as a unique opportunity for the governments in order to allocate the recovery funds towards sustainable initiatives (Han, Meyer & Sullivan, 2020). Such initiatives can take measures for reducing the intensified carbon economic activities. However, some significant gaps have been identified between the concrete measurement of the policy as well as the intentions to be adopted in the post COVID scenario.

Due to the coronavirus impact, the contemporary CEOs are facing the competing as well as the overwhelmed challenges as they are continuing the navigating impacts of the COVID-19 pandemic. It is worth to mention that the economic downturn caused by the coronavirus has a profound impact on both employment and business. Across the globe, especially the SMEs are under enormous pressure as a large number of organizations are either in arrears or on the verge to be fell into the arrears. The research by Fairlie (2020), revealed that due to the restrictions in the social distancing as well as economy and health-driven demand, the impact of coronavirus is expected to shut down the SMEs. The broad spread closing of businesses and stores across the globe has also been unprecedented.

As such, factories stores, as well as the other business, have remained closed due to the downward demand shifting, mandate policy, concerns of health and the other factories. Such closures led to the permanent since the owners' inability to pay the ongoing expense as well as survive the shutdown. Here the impact on the SMEs across the globe has been seen to have a severe impact in this regard (Meyer, Prescott & Sheng, 2022). As the COVID 19 has driven the high rate of unemployment, therefore the policy measures have been undertaken by the others as well as presented by the technical employees. However, a support measure has been done on an emergency basis that helped the economy to be maintained in the forthcoming months.

Due to the impact of the COVID-19, it is evident that cost of the medical services, the cost of medical services have been grown since the year 2020 in a fastest. However, spending for federal public health, as well as federal programs, is due to the supplemental funding for the coronavirus (Kaye et al., 2021). Also, for all the health care services, the physicians, hospitals, and the nursing homes can increase the federal spending in regard to the COVID 19 for having the slow growth in the insurance of the public health (Cutler, 2021). As such, the spending, as well as the usage of the healthcare, dropped precipitously due to the elective care as well as the cancellation in order to increase the measurement of the social distancing as well as the hospital capacity in order to mitigate the spreading the community of the coronavirus (Cox et al., 2021). The drop in health spreading in the year 2020 reflected a decrease in the utilization of non-COVID medical care. In the early pandemic, the high cost appeared to compensate for the medical care earlier throughout the year (Kilic & Marin, 2020). Additionally, the vaccine administration of the COVID 19 is seen to have an upward effect on claiming costs in the year 2021 in accordance with the rate of the state regulators.

Disruptions to global supply chains

During the peak time of the pandemic lockdown, it is evident that more than 160 countries across the globe are seen close to the school. It involves approx 1.5 billion adolescents and the children through which the education system got blown. However, it led to the failure to provide a quality education system, making it more difficult for the future students in order to integrate the societal prospects (Mehta, 2020). The impact of the COVID-19 epidemic has sparked a number of analogies, including some to the global financial crisis, others to World War II, and yet others to hypothetical future disasters. Almost every element of the development industry has been impacted by the epidemic. The COVID-19 epidemic has devastated school systems throughout the world since its emergence two years ago, wreaking havoc on the most disadvantaged children.

It has worsened an already-existing education problem by increasing inequities. School closures have fluctuated from none in a few nations to more than just a proper school year in others (Estrela et al., 2020). At a minimum, one-third of pupils were unable to pursue distance learning due to the lack of connection and gadgets. UNESCO is assisting nations in reducing the impact of school closures, addressing learning deficits, providing guidance, and adapting public schools, particularly for vulnerable and marginalized people.

Conclusion

It can be concluded that the breakout scenario of the coronavirus pandemic has prompted violent recessions in several regions of the world, as well as jeopardizing access to food. As a result of the progression of malnutrition, poverty and hunger spread. As a result, countries have been impacted by dramatic climate change, war, and economic downturns. Fighting high inequality, on the other hand, has been highlighted as a key cause of food insecurity in society. According to a recent WHO study, the sustainable development objective will be missed by 2030. Poverty has become visible due to a large number of unemployed people. 

References

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