Socio-Economic Impact of Covid-19 Globally Among Adults

Abstract

The coronavirus pandemic has affected the lives of individuals all around the world. The novel virus was first originated and identified in an outbreak in the Chinese city of Wuhan in December 2019. All attempts to contain the deadly virus failed, allowing the virus to spread to other regions of Asia and later worldwide. This led to the implication of lockdowns to avoid any possible physical social contact. The pandemic has triggered severe social and economic disruption around the world affecting the Gross Domestic Product of nearly every nation. In the following study the researcher has studied the Socio-economic impact of Covid-19 globally among adults. In this study data was collected from a sample of adults ranging in between the age group of 20-39 years. The results show the contribution of the travel tourist sector to the Gross Domestic Product of certain countries, namely the USA, India, China and France. The latter part shows that young adults are disproportionately high at the risk of job losses from covid-19 and that, that females saw a greater employment loss during the lockdown than males. Sectors like the Accommodation and food services, Administrative and Support services, Transportation and Warehousing, Arts Entertainment and Recreation and Information are considered for comparison.