The Macroeconomic and Microeconomic Challenges of the COVID-19 Pandemic: A Case Study of Pakistan

Abstract

The purpose of this study is to assess the COVID 19 pandemic by assessing its impact on Pakistan's macroeconomic and microeconomic impacts in emergency and panic environments. Over 190 countries around the world have been affected by COVID 19, and the pandemic virus is disrupting the economic system. In addition to this study, case studies were conducted specifically in developing countries and Pakistan. These data are collected from the official website of the Government of Pakistan and published by PIDE (Pakistan Institute for Development Economics) and Ministry of Health. This study covers the impact of COVID 19 on macroeconomic and microeconomic levels of Pakistan's view. The results show that GDP declines and poor health systems are shocking, with 0.75% health care and 0.6 hospital beds (per 1,000 people). It is the sixth most populous nation in the world, with poor literacy, exponential growth, and behaviour.