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The COVID-19 Pandemic Affects Global Economic Growth
COVID-19 pandemic has had a profound and far-reaching impact on global economic growth. It triggered a worldwide recession marked by business closures, reduced consumer spending, and negative GDP growth rates across many nations. Unemployment rates soared as various sectors, especially services and tourism, faced layoffs and shutdowns. Supply chains were disrupted, leading to shortages and manufacturing delays, while international trade declined due to travel restrictions. Governments worldwide ...
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COVID-19 pandemic has had a profound and far-reaching impact on global economic growth. It triggered a worldwide recession marked by business closures, reduced consumer spending, and negative GDP growth rates across many nations. Unemployment rates soared as various sectors, especially services and tourism, faced layoffs and shutdowns. Supply chains were disrupted, leading to shortages and manufacturing delays, while international trade declined due to travel restrictions. Governments worldwide ...