Towards Reviewing an Immediate Impact of COVID-19 on the Integrative World Economy

Bhavya Alankar, Harleen Kaur, Shafqatul Ahsaan, Gaurav Sharma, Victor Chang

Research output: Contribution to journalArticlepeer-review


On 31 December 2019, WHO received inputs of pneumonia cases in Wuhan city of China, but the cause of infection could not be known initially. However, after some time, the medical researchers of China disclosed a novel coronavirus as the cause on 7 January 2020, named “2019-nCoV.” The coronavirus (CoV) belongs to Severe Acute Respiratory Syndrome (SARS) species that leads to infection, causing illness, which ranges from the common cold to serious sickness. Finally, on 11 March 2020, the WHO Director-General Dr. Tedros Adhanom Ghebreyesus announced the outbreak as a pandemic. As the fear and ambiguity rose among companies and firms, the profit rate seemed to be lower due to the COVID-19 global impact. Nearly US$6 trillion in wealth from 24th to 28 February 2020 of the stock market has been wiped out. There was a great decrease in value over the S&P index, which abolished over $5 trillion in the same week. However, the largest 10 companies of S&P faced a loss of $1.4 trillion. The investors make an analytical prediction that firms' profits may drop in response to the impact of coronavirus. The prime focus is on the importance of digital business practices and how different sectors have been affected in terms of economic loss during this pandemic outbreak in this paper.
Original languageEnglish
Article number6
Pages (from-to)1-19
Number of pages19
JournalJournal of Global Information Management
Issue number4
Publication statusPublished - 1 Aug 2021

Bibliographical note

Copyright 2022. This article published as an Open Access article distributed under the terms of the Creative Commons Attribution License
( which permits unrestricted use, distribution, and production in any medium,
provided the author of the original work and original publication source are properly credited.


  • Information Systems and Management
  • Management Science and Operations Research
  • Strategy and Management
  • Computer Science Applications
  • Business and International Management


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