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The Impact of the Coronavirus Pandemic on Unemployment in the Euro Area, Schemes and Mind Maps of Macroeconomics

The causes and effects of the coronavirus pandemic on unemployment rates in the euro area. With record low unemployment rates before the pandemic, the sudden rise in unemployment in early 2021 was a significant concern. The reasons behind the increase in unemployment during the pandemic, focusing on the stringent lockdown measures implemented in january 2020.

Typology: Schemes and Mind Maps

2020/2021

Uploaded on 10/05/2021

samsam004
samsam004 🇸🇴

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Download The Impact of the Coronavirus Pandemic on Unemployment in the Euro Area and more Schemes and Mind Maps Macroeconomics in PDF only on Docsity! The context. The coronavirus is wreaking havoc on the global economy.During the pandemic in euro area, several nations declared a lockdown for months, affecting the country's economy and small businesses and leaving many people unemployed. The Causes. The causes was generally assigned when the lockdown became stringent in January 2020, and there was still some main cause for greater unemployment that could be stated in terms of short-run oscillations. During the pandemic most European nations had record low unemployment rates. However, it climbed rapidly in most European nations in early 2021. When European unemployment began to rise in 2020,