The Global Economic and Financial Reality Experiences During The COVID-19 Pandemic

الملخص

The sudden contraction in workers' income and corporate cash flows increased the risk of defaulting on mortgages and loans to consumers and businesses, raising concerns about the health of the financial system, and with the spread of the pandemic uncertainty rose and stock markets came under great pressure, central banks around the world reacted quickly and widely to the pandemic Together with financial authorities, monetary policy measures aim to stabilize financial markets the household and corporate sectors began to deteriorate, the overarching objective of central banks became to mitigate the contraction in real activity by ensuring that and prevent the pandemic from turning into a crisis     When the liquidity situation in credit was provided to the private sector under attractive conditions, despite high credit risk[1]