Abdulaziz Almehmadi*
Computer Systems Science and Engineering, Vol.36, No.3, pp. 451-460, 2021, DOI:10.32604/csse.2021.015309
- 18 January 2021
Abstract Unlike the 2007–2008 market crash, which was caused by a banking failure and led to an economic recession, the 1918 influenza pandemic triggered a worldwide financial depression. Pandemics usually affect the global economy, and the COVID-19 pandemic is no exception. Many stock markets have fallen over 40%, and companies are shutting down, ending contracts, and issuing voluntary and involuntary leaves for thousands of employees. These economic effects have led to an increase in unemployment rates, crime, and instability. Studying pandemics’ economic effects, especially on the stock market, has not been urgent or feasible until recently.… More >
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