COVIDONOMICS by Nijil Jacobi, Asst.Professor of Department of Economics,SH college Chalakudy

The entire mankind is passing through a new phase of history. I think this would be an era of the pandemic. COVID 19 may be the most discussed utterance in the world. A virus originated in China, now spread all over the world. The pandemic becomes a nightmare to the whole of humanity. One may say, it is one of the negative externalities of globalisation but anyway we have to accept the reality that it's all around us. We play a cat and mouse game today. Actually, it's a game of life, a game of survival. The number of COVID cases are increasing sharply. Scientists are behind the vaccines. Doctors and nurses are sweating to save mankind, the entire economy of the world has been crushed and Government officials are striving to save the economy. When we discuss the economic impact of this pandemic COVID-19, it may be a phase in the whole world history where each and every nation in the world together strive to survive. The latest reports of the International Monetary...