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Impact of COVID-19 on Global Economy: As the pandemic spread across the world, a number of economic challenges emerged. Initially, the primary concern was the temporary disruption of supply chains and labor shortages due to lockdowns. However, as time went on, the pandemic evolved into a full-scale economic crisis, affecting all aspects of global economic activity, including but not limited to trade, investment, consumption and production. While some industries managed to adapt and even thrive, such as technology and healthcare, others, like travel and hospitality, faced severe setbacks.
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Impact of COVID-19 on Global Economy: The pandemic triggered widespread economic disruptions, initially affecting supply chains and labor due to lockdowns. Over time, it evolved into a full-scale crisis, impacting trade, investment, consumption, and production globally. While some sectors, like technology and healthcare, adapted and prospered, others, such as travel and hospitality, suffered significantly.
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