key: cord-296022-yl3j2x5p authors: Gupta, Mrinal; Abdelmaksoud, Ayman; Jafferany, Mohammad; Lotti, Torello; Sadoughifar, Roxanna; Goldust, Mohamad title: COVID‐19 and economy date: 2020-04-08 journal: Dermatol Ther DOI: 10.1111/dth.13329 sha: doc_id: 296022 cord_uid: yl3j2x5p nan concern, COVID-19 is having major consequences on the world economy, and experts have predicted that COVID-19 will lower global gross domestic product growth by one-half a percentage point for 2020 (from 2.9% to 2.4%). The whole world is now a single global community, where any major happening in one part is bound to have repercussions in rest of the world. 2 Chinese government, in order to control the spread of the disease, had to close the major production centers and as China being a manufacturing hub, led to disruption in the global supply chain which affected almost all sectors ranging from pharmaceuticals to automobile. World Health Organization declares global emergency: a review of the 2019 novel coronavirus (COVID-19) Going viral-Covid-19 impact assessment: a perspective beyond clinical practice How is the world responding to the 2019 coronavirus disease compared with the 2014 west African Ebola epidemic? The importance of China as a player in the global economy The global macroeconomic impacts of COVID-19: Seven scenarios The Australian National University