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Post-COVID 19 Financial Awakening and Opportunities for Accelerating Sustainability

Yıl 2022, Cilt: 2 Sayı: 1, 321 - 325, 21.03.2022

Öz

The pandemic and economic lockdowns have severely affected the global economic activities. Many countries face multiple crises, the health crises, the financial crises, the collapse in the commodity prices, especially commodity exporters, and all of these interact in complex ways. According to the Asian Development Bank (ADB), the global economy could suffer between US$5.8 trillion and US$8.8 trillion in losses, equivalent to 6.4 percent to 9.7 percent of global Gross Domestic Product (GDP) as a result of COVID-19. The UN’s work agency cautions that hundreds of millions of people could be left without work due to the impact of COVID-19. Thus, several government have softened rise in unemployment with generous wages subsidies. The statistics total debt levels, which include government, household, and corporate and bank debt, rose $4.8 trillion to $296 trillion at the end of June 2021, which is a new record high, after a slight decline in the first quarter, to stand $36 trillion above pre-pandemic levels. Emre Tiftik, the IIF's director of sustainability research said : "If the borrowing continues at this pace, we expect global debt to exceed $300 trillion" (Reuters, Sept 2021). It was clear that the there is correlation between different sectors and different segments of the society.

Kaynakça

  • Hossain, MT, Hassan, Z., Shafiq, S., & Basit, A.(2018). Ease of Doing Business and Its Impact on Inward FDI. Indonesian Journal of Management and Business Economics, V1, No:1, 2018.
Yıl 2022, Cilt: 2 Sayı: 1, 321 - 325, 21.03.2022

Öz

Kaynakça

  • Hossain, MT, Hassan, Z., Shafiq, S., & Basit, A.(2018). Ease of Doing Business and Its Impact on Inward FDI. Indonesian Journal of Management and Business Economics, V1, No:1, 2018.
Toplam 1 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Din Araştırmaları
Bölüm Research Articles
Yazarlar

Said Bouheraoua Bu kişi benim

Yayımlanma Tarihi 21 Mart 2022
Gönderilme Tarihi 15 Eylül 2021
Yayımlandığı Sayı Yıl 2022 Cilt: 2 Sayı: 1

Kaynak Göster

ISNAD Bouheraoua, Said. “Post-COVID 19 Financial Awakening and Opportunities for Accelerating Sustainability”. BALAGH - Journal of Islamic and Humanities Studies 2/1 (Mart 2022), 321-325.
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