The COVID-19 Pandemic and Its Economic, Social, and Political Impacts
The Effects of Covid-19 on the Share Market and BusinessesHalim Kazan
The World Health Organization described COVID-19 as a pandemic (geographic epidemic across regions and groups) on March 11, 2020. Due to the outbreak, there have been decreases in the workforce working nationally and globally, deterioration in the functioning of the sectors and instability in financial markets. Decision-making authorities in the countries went to various isolation practices in order to reduce the negative effects of the epidemic. As a precaution, measures such as travel restrictions, curfews and social distance protection were implemented. Such measures began to negatively affect people’s daily lives. This sudden chaotic environment has created an effect that disrupts the traditional dynamics of the markets. In this process, the consumption habits of the society changed, individuals had to turn towards a more isolated lifestyle. These measures not only affected social life, but also the economies of the country. Measures taken against the pandemic in Turkey; How it affects the Turkish economy, people, families, businesses and exchanges in a short time is the subject of the research. The basic data about the epidemic, the situation of the markets and the sectors are discussed and the forecasts are included. In this context, it has assessed that in the medium and long term, the initiatives that central banks will take against the global recession threat likely to create an outbreak by implementing expansionary monetary policies will gradually become apparent.