The World Economy and Covid-19: Analyze the Phenomena that can Affect the World Economic Market by the GLM Model

Covid-19 is a highly contagious and destructive global coronavirus. Starting from January 21st, many countries have realized the dangers of this coronavirus, closed their borders, and even implemented quarantines in various places of the country. Public areas like shopping malls and cinemas were all shut down. Wearing a mask outdoors became mandatory. This is also the first time that most people learn what "social distancing" means. Although by doing this the infection rate was greatly reduced, the world economy has experienced a significant decline. Unemployment, the meltdown of the industrial chain and the massive demand for medical supplies have caused a lot of trouble, whether for a developed or developing country. The global stock market was turbulent. Countries have successively adopted measures such as transportation control and restrictions on population movement, which will make the global economic and trade environment more severe and bring further impact to world trade. In this research, theoretical analysis and literature review have been used. The research method focuses on extracting information and data collected from the cited materials, from the relationship between the increase in the number of cases and the unemployment rate, the supply & demand of market medical products and the policies adopted by each country.