The worldwide epidemic known as COVID-19 is being labeled a worldwide pandemic on the earlier of 2020, the globe has still not recovered. Cases rapidly spread from China; leading world governments to take extensive infection control measures to several cases and restrict the virus's global transmission rate. However, these controls have undermined the contemporary world economy's main supporting pillars of global commerce and collaboration. In light of the epidemic's context, this chapter critically evaluates the inventory of the pandemic's bad and positive influences in different sections. This advocates for a complete overhaul of the global economic development paradigm based on a linear economy system that leverages profiteering and energy-guzzling industrial processes.

Due to the worldwide breakout of the pandemic COVID-19, the world's political, social, economic, religious, and financial systems have all been thrown into total disarray. As of April 2020, an estimated 4.7 million individuals have been tested, and the illness has resulted in a confirmed infection count of around 2.7 million individuals, with 182,740 deaths attributed to the virus. More than 80 nations have forced companies to shut, locked borders to nations in transition, quarantined their people, and shuttered schools for around 1.5 billion school-age children. A total global economic collapse is inevitable because of the world's largest economies of different countries. The global financial markets have been battered, and tax income sources have crashed into a bottomless pit even more worrisome. Infection is substantially affecting global economic growth. It is anticipated that if the present growth rate continues, the virus might outpace world economic growth by almost 2.0% per month. If the global economic slump is deep and extensive, global commerce might decline from 13% to 32%. It will be years before the full impact of the outbreak is revealed. It looks into the correlation between COVID-19 and the development of the national economy and the stock market in order to prove how well the COVID-19 economic growth prediction is linked with the gross domestic product. The utilization of publicly accessible data, as found on Yahoo Finance, the International Monetary Fund, John Hopkins COVID-19 map, and regression models was used to carry out the goal of this study. COVID-19 is used to measure the economic effect, and the stock market serves as a proxy for economic variability to test whether or not the forecast is reliable. In the aim that the model can make predictions about two quarters out, it is supposed to provide explanations for changes in the quarter ahead. This study will aid those with government-level decision-making, business-stage strategic thinking, and capital-market investment to better comprehend the current state of affairs and use the model for forecasting.

Chapter Contents:

• Abstract
• 4.1 Introduction
• 4.2 Backgrounds
• 4.3 Social impacts on finance
• 4.4 Framework for the international financial system, bionetworks, and maintainability on pandemic
• 4.4.1 Assessment strategy constructions to fight COVID-19
• 4.4.2 Macro-finance impacts
• 4.4.3 Econometric effects: consumer preferences
• 4.4.4 Nonpositive impacts of COVID-19
• 4.4.5 Impact of international commercial trading
• 4.4.6 COVID-19's effect on the aviation industry
• 4.4.7 Significant collision on the travel sector
• 4.4.8 Significant reduction in primary energy usage
• 4.4.9 Record decrease in CO2 emissions
• 4.4.10 Rise in digitalization
• 4.5 The role of circular economy
• 4.5.1 The circular economy for slowing the onset of climate collapse
• 4.5.2 Social finance system
• 4.5.3 Hurdles to CE for context of COVID-19
• 4.6 Chances financial support after COVID-19
• 4.6.1 Several solutions to manage hospital medical and general waste
• 4.6.2 Facilities for CE in communication sector
• 4.6.3 Use digitalization after COVID-19
• 4.7 Conclusions
• References

Inspec keywords: economics; economic indicators; diseases; globalisation; international trade; industrial economics; investment; stock markets; decision making; profitability; politics; regression analysis; macroeconomics; government policies; electronic commerce; international finance; socio-economic effects; financial management

Other keywords: worldwide pandemic; global economic slump; global economics; confirmed infection count; world economic growth; total global economic collapse; global economic growth; John Hopkins COVID-19 map; global commerce; leading world governments; contemporary world economy; estimated 4.7 million individuals; pandemic COVID-19; virus; economic variability; trades; extensive infection control measures; economic effect; global financial markets; national economy; 2.7 million individuals; worldwide breakout; COVID-19 economic growth prediction; linear economy system; global economic development paradigm

Subjects: Information networks; Systems theory applications in economics and business; Economics; Other topics in statistics; Environmental issues