The coronavirus pandemic has impacted the lives of the people at the same time the economy has also been drastically impacted by this pandemic. The situation is still not controlled and almost all the countries around the world are being affected by this. The most affected country in the world in the USA. More than 1.5 lacs of people have lost their lives and the number of cases is still on the rise. The country has also faced extremes situations due to lockdown and people are impacted economically too. The impact of the pandemic was very disruptive and industries like tourism, aviation, shipping, financial markets are affected by a lot of financial crises due to this. These are the adverse effects of the pandemic.on the country which we will discuss in detail.

The people are affected a lot and they have faced income problems due to the lockdown of the industries and offices. The rate of unemployment is also increased which also adds to the problem of people when we talk about the income of the people of the country. The unemployment rate has increased to 14.7% in April which was 3.5% in February. The people have lost most jobs in the hospitality sector as people were staying in the houses due to lockdown. The flights were also canceled and the tourism came to a point of zero which has taken the jobs of thousands of people.

As there was no income of the people, therefore, the demand for goods and services also declined. The goods were imported neither exported as the ports were closed due to lockdown. The countries have to deal with a lot of critical situations due to the pandemic. The people who were in small businesses have to face even worse situations than big businesses.

The impact on inflation is still unknown and it will be ascertained once this situation is over. This factor is still under the research process which will take some to get idealized.

The social distancing among the people has made the people work from home and the production houses were not able to work with the full employee capability which has made the production slower. This is the impact of coronavirus pandemic on income, production, employment, aggregate demand, import and export, and inflation