COVID-19 effects on economy , Lahore
Job Posted: 18.03.2021 15:20:34
The beginning of the problem for owners of small projects and businesses.Where all non-essential shops began to close. This is due to the increase in the number of cases. It first spread in China, specifically in Wuhan, and then moved to the whole world to become a global pandemic that worries the world. And surely every government in every country had to take appropriate decisions and measures in order to preserve the health of citizens and residents in each country, and from there began the economic effects that led to the decline of the local market. Where Small companies faced many problems due to the closure of borders between countries around the world that led to delays in shipping, Among these problems that were difficult for these small companies to deal with is the availability of the necessary materials for the project and also the difficulty of shipping goods to other countries. Also as any other citizen, the fear of employers for their families and employees from the pandemic outweighs their concern for the financial return from their projects. As it was necessary for them to balance the inputs and outputs in order to protect their companies from bankruptcy, as some resorted to reducing the number of workers in the company in order to preserve the safety of the staff and also the inability to pay their salaries as a result of the effects that occurred to them.
