| Popis: |
The coronavirus infection (COVID-19) occurred towards the end of 2019 and started spreading around the world in a short time with an immense impact on public health. However, it also affected global economy. This paper explores the economic impact of Covid-19 in France which is one of the countries most affected in Europe. We will first analyse the theoretical framework based on ‘demand and supply side shock’. We will then expose the economic impacts of Covid-19 on the French market, by evaluating the shocks on the demand and supply sides. The methodology of the study would consist of French governmental, Central Banks’ and international economic and financial data, including economic reports statistics, and forecasts of prominent international economic organizations as well as other relevant reports and data from the economic and financial literature. This paper is incorporated by extensive primary and secondary resources. Additionally, this article analyses the effects of Covid-19 on European countries. Within this prospect, European Union support measures and financial assistance is also covered as an extension to our research. Our findings cover economic projections for both France and the European Union and shows that economy cannot reach its pre-pandemic levels before 2022. |
