Theory Nexus

Introduction The year 2020 has been a year of unprecedented crisis caused by the COVID-19 pandemic. The outbreak has brought about unprecedented disruption across various sectors of the economy around the globe and has challenged the governments across the world to take extraordinary actions to safeguard public health and economic stability. Pandemics are rare events that have far-reaching consequences and are difficult to predict. They are disruptions to normal functioning of economic and social systems, comprising the transition of wealth and resources across societies, and their impact extends beyond the public healthcare system and patients to affect the overall economy and industry sectors. This article aims to analyze the intersection of pandemics and economies, focusing on the impact of the COVID-19 pandemic on the global economy. The research objective aims to unveil the consequences of the pandemic on various sectors, and to find possible pathways through which it could lead t...