Feeling the Pulse of Trade in the Age of Corona: Artificial Intelligence and E-Commerce

Abstract

COVID-19 directly has negative economic impacts on the supply chain, demand, financial markets, investment, production, and international trade, whose consequences can change the geopolitical position of countries in the world. Quarantine policy, which has been associated with changing the working pattern and consumption of users, although it has harmed some economic sectors, has been able to save countries from the risk of complete closure with ICT capacities. The COVID-19 crisis was first and foremost a threat to public health but has gradually become a global economic threat. Even if it is not seen a global recession, some of the world's economies will either not grow at all or their economic growth will be negative. This includes some large economies. So, this year it is not been only seeing low growth rates but also improving economic growth in the future. This article attempts to provide an overview of the effects of the Coronavirus-COVID epidemic on the global economy, especially the world's major economies and countries most affected by the crisis, in general, possible development scenarios, and how the epidemic will affect society and examine the global economy. Next, by examining statistics and information published from reputable global sources on the current state of the Coronavirus-COVID epidemic, the effects of the virus epidemic on important sectors of the global economy, such as financial markets, labor market, energy market, and travel and tourism industry are discussed and reviewed. Finally, in order to identify the various economic strategies for managing the effects of this crisis, it has been briefly reviewed the economic policies of different countries in the face of the coronavirus epidemic.