Introduction (5%): Briefly introduce the topic; discuss the background of the topic (you also need to provide some evidence with facts, graphs, tables and figures).
We are in the midst of one of the largest pandemics in history, COVID-19; originating in China it has migrated across the globe. According to the World Health Organization, there have been 231,703,120 confirmed cases of COVID-19, including 4,746,620 deaths, as of 27 September, 2021. In 1918-almost a century ago-the Spanish flu pandemic killed about 40 million people worldwide. As investigated by Barro et al. (2020), the number of deaths caused by the Spanish flu is expected to be higher than those caused by COVID-19, but the impact of the COVID-19 pandemic on the economy is expected to be far greater than that of the Spanish flu. As many countries adopted strict quarantine policies after the COVID-19 outbreak, economic activities have been greatly restricted. The long-term consequences of the COVID-19 pandemic may be high unemployment and business closures. Some industries, such as tourism and aviation, face various difficulties and challenges. While the COVID-19 pandemic has triggered a sharp rise in uncertainty, the shock to the stock market and oil market is unprecedented. Thus, investors and markets are facing a high degree of uncertainty regarding both physical and financial impacts of the virus. The recent Coronavirus (COVID-19) pandemic has resulted in unusual volatility in the financial markets. The aim of this project is to understand the impact of COVID-19 on the financial economy, which deals with the stock market, interest rates, exchange rate, oil price and real estate prices. - You have to prepare a project with the following guidelines: Section 1: Introduction (5%): Briefly introduce the topic; discuss the background of the topic (you also need to provide some evidence with facts, graphs, tables and figures). Around 300 words. We are in the midst of one of the largest pandemics in history, COVID-19; originating in China it has migrated across the globe. According to the World Health Organization, there have been 231,703,120 confirmed cases of COVID-19, including 4,746,620 deaths, as of 27 September, 2021. In 1918-almost a century ago-the Spanish flu pandemic killed about 40 million people worldwide. As investigated by Barro et al. (2020), the number of deaths caused by the Spanish flu is expected to be higher than those caused by COVID-19, but the impact of the COVID-19 pandemic on the economy is expected to be far greater than that of the Spanish flu. As many countries adopted strict quarantine policies after the COVID-19 outbreak, economic activities have been greatly restricted. The long-term consequences of the COVID-19 pandemic may be high unemployment and business closures. Some industries, such as tourism and aviation, face various difficulties and challenges. While the COVID-19 pandemic has triggered a sharp rise in uncertainty, the shock to the stock market and oil market is unprecedented. Thus, investors and markets are facing a high degree of uncertainty regarding both physical and financial impacts of the virus. The recent Coronavirus (COVID-19) pandemic has resulted in unusual volatility in the financial markets. The aim of this project is to understand the impact of COVID-19 on the financial economy, which deals with the stock market, interest rates, exchange rate, oil price and real estate prices. - You have to prepare a project with the following guidelines: Section 1: Introduction (5%): Briefly introduce the topic; discuss the background of the topic (you also need to provide some evidence with facts, graphs, tables and figures). Around 300 words
