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The COVID-19 pandemic that originated in China has now affected almost every nation on the surface of Earth. With the absence of any targeted cure, nations have introduced measures to attenuate its spread. Regarding the outbreak of Covid-19, certain measures (especially reducing the interaction between people) have significantly limited the activities of numerous sectors, especially the service sector. Thus, this pandemic will substantially impact economic growth in developed and developing countries. However, it is the pandemic’s complete duration, coupled with the time when we return to normal economic life that will determine its absolute effect on the economy.
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