Covid-19 and the world economy
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first case was identified in Wuhan, China, in December 2019. The disease has since spread worldwide, leading to an ongoing pandemic, McKay B etal (2021)
With globalization, urbanization, and environmental change, infectious disease outbreaks and epidemics have become global threats requiring a collective response.
As the spread of the virus is likely to continue disrupting economic activity and negatively impact manufacturing and service industries, especially in developed countries, we expect that financial markets will continue to be volatile.
In Tanzania the government has settled the terms which aimed at controlling the pandemic such as washing of hands with Clean and clear water, then the use of sanitizer and keeping of social distance
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