Impact of COVID-19 on Global Stock Market uncertainty

Volume 9, Issue 3, June 2024     |     PP. 118-134      |     PDF (1334 K)    |     Pub. Date: November 11, 2024
DOI: 10.54647/economics790478    48 Downloads     1331 Views  

Author(s)

Naser Ibrahim Abumustafa, School of Business, Entrepreneurship & PD Henry Ford College, Dearborn, Michigan.

Abstract
Fear and uncertainty surrounding the virus have led to mass selling, with cycles of volatility continuing into the later stages of the pandemic. The stock market witnessed ups and downs as a result of the response to successful and developing news related to the virus and related to government policies, closure policies, and developments. Uncertainty became the new norm and weaknesses appeared in various sectors, as it had a significant and varying impact on different industries. The aviation sectors have been depleted, which explains the restrictions on travel and the decline in consumer spending. Experienced technology and sponsorship companies. Healthcare and retail websites have grown as demand has shifted dramatically in response to the new realities of a socially distanced world and government interventions have played a crucial role in stabilizing markets and mitigating the economic fallout. Central banks implemented strict monetary policies in terms of lowering interest rates and injecting liquidity.

Keywords
COVID-19, Market uncertainty, pumping liquidity, interest rates

Cite this paper
Naser Ibrahim Abumustafa, Impact of COVID-19 on Global Stock Market uncertainty , SCIREA Journal of Economics. Volume 9, Issue 3, June 2024 | PP. 118-134. 10.54647/economics790478

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