Corona s impact on the Iranian and world economy

Reza Jafari¹ Amir Koohestani Dehaghi² Shabnam Nejadzare³

1) Student of Industrial Management, Payame Noor University, Hashtgerd Branch
2) Master of Industrial Engineering student majoring in Economic and Social Systems, Islamic Azad University, Naraq Branch, Iran
3) Master s degree student in Business Administration Islamic Azad University, Naraq Branch, Iran

IOI Code : XCBA-EGZAG
Publication : 3 rd Conference on Industrial Engineering, Economics and Management (iemconf.com/2nd)
Abstract :
    The borderless Corona virus has been affecting on economic situations, rise and fall in goods prices and the relationships between countries and their governments, and the experts and economical scientists’ opinions all over the world. The outbreak of Covid-19 in Iran has had and will have a wide effect on inner economy as well. In Iranian economical experts’ idea, the whole story is a bit more complicated; in supply side, the economy is facing a decreasing pressure. With the disruption in international trading and even inner transportation, the chain value of a wide range of products has been disrupted and the capacity of production units has been decreased due to the inaccessibility to investments. The economic effects of the outbreak of this virus on the businesses can be studied in various ways. The whole market believe that in the United States, as the world economy leader, there is an economic stagnation and negative economic growth, in the first three months of 2020. In order to predict the future, it is needed for us to analyze the events and incidents happened until now. As World Health Services (WHO) confirmed, Covid-19 virus has been developed to the level of a pandemic and now all the countries in the world are involved with this virus, with more than three million patients and one thousand deaths.

Keywords : economy trading business price stagnation corona virus covid 19