What is Socio-economic impact of the COVID-19 pandemic?
The [[COVID-19 pandemic]] has caused a larger effect more than the [[Coronavirus disease 2019|disease]] itself. As the [[Severe acute respiratory syndrome coronavirus 2|SARS-CoV-2]] virus has spread around the globe, many people have begun to think about the economic effects such as the decreased business and unemployment.<ref>{{cite news |title=Real-time data show virus hit to global economic activity |url=https://www.ft.com/content/d184fa0a-6904-11ea-800d-da70cff6e4d3 |access-date=22 March 2020 |work=www.ft.com |date=22 March 2020 |archive-url=https://web.archive.org/web/20200322225844/https://www.ft.com/content/d184fa0a-6904-11ea-800d-da70cff6e4d3 |archive-date=22 March 2020 |url-status=live }}</ref> The pandemic caused the [[coronavirus recession|largest global recession in history]], with more than a third of the global population at the time being placed on [[lockdown]].<ref>{{Cite web |url=https://www.businessinsider.com.au/countries-on-lockdown-coronavirus-italy-2020-3 |title=A third of the global population is on coronavirus lockdown — here's our constantly updated list of countries and restrictions |last=McFall-Johnsen |first=Juliana Kaplan, Lauren Frias, Morgan |date=2020-03-14 |website=Business Insider Australia |language=en |access-date=2020-04-15 |archive-date=2020-06-26 |archive-url=https://web.archive.org/web/20200626062358/https://www.businessinsider.com.au/countries-on-lockdown-coronavirus-italy-2020-3 |url-status=dead }}</ref> ==Shortages== Supply shortages were expected to affect a number of sectors due to [[panic buying]], increased usage of goods to during the pandemic, and people raising up prices on needed products such as masks, toilet paper, plastic gloves and [[hand sanitizer]].<ref>{{cite news|url=https://www.nytimes.com/2020/03/14/technology/coronavirus-purell-wipes-amazon-sellers.html|title=Price Gouging Complaints Surge Amid Coronavirus Pandemic|website=The New York Times|date=27 March 2020}}</ref> Reports of lack of food or [[grocery|groceries]] were said.<ref>{{cite web|url=https