Answer to Question #205766 in Macroeconomics for Netesh

Question

Describe in full details how covid 19 has affected the exports business & shipping.

Answer 1

Covid-19 has made most export and shipping business to reduce their performance. This is based on the fact that other countries were put under lockdown that made such functions to never operate. Most productive events were disrupted worldwide, which also contributed to shortages of exports. The rise in unemployment similarly reduced export production, where the workforce to produce respective products reduced, hence minimizing quantity of production. Other countries restricted travelling till a certain period of time, which disrupted the shipping process from completing respective tasks.