We are in the midst of an historic event that will change many aspects of our

world. There will be major impacts on the global economy, geopolitics and our
societies. It is clear that these global impacts and risks are highly
interdependent and are changing the current and future global risk landscape
We are facing a global health crisis unlike any in the 75-year history of the United Nations — one that is
killing people, spreading human suffering, and upending people’s lives. But this is much more than a
health crisis. It is a human, economic and social crisis. The coronavirus disease (COVID-19), which has
been characterized as a pandemic by the World Health Organization (WHO), is attacking societies at their
core.

The COVID-19 outbreak affects all segments of the population and is particularly detrimental to members
of those social groups in the most vulnerable situations, continues to affect populations, including people
living in poverty situations, older persons, persons with disabilities, youth, and indigenous peoples. Early
evidence indicates that that the health and economic impacts of the virus are being borne
the COVID-19 economic crisis has already hit
disproportionately by poor people.
poorer people and those in more socially disadvantaged
groups disproportionately harder. In many places, people are having to face
the moral dilemma of choosing between going to work to generate income for
bare necessities or staying at home to protect their health - and that of their
family For example, homeless people, because they may be unable to safely shelter in place, are highly
exposed to the danger of the virus.  People without access to running water, refugees, migrants, or
displaced persons also stand to suffer disproportionately both from the pandemic and its aftermath –
whether due to limited movement, fewer employment opportunities, increased xenophobia etc.

If not properly addressed through policy the social crisis created by the COVID-19 pandemic may also
increase inequality, exclusion, discrimination and global unemployment in the medium and long term.

We are already seeing record levels of unemployment due to lockdown

measures to control
The implementation of a nationwide lockdown disrupts the day-to-day lives of the general public; the
pandemic has caused an unprecedented shrinkage of the UK economy and the closure of businesses
across the country. In combat, the UK government has provided financial support for businesses and the
self-employed

Due to the high demand for emergency funding, many self-employed individuals are resorting to short-
term bank loans to maintain lines of income. Those in low-paid, self-employed or insecure occupations
experience the greatest impact due to loss of work or the temporary closure of their business. There
have been reports of heightened feelings of anxiety and depression,

Suicide
The coronavirus pandemic has been followed by a concern for a potential spike in suicides,
exacerbated by social isolation due to quarantine and social-distancing guidelines, fear, and
unemployment and financial factors

 In the intervening period, there are likely to be continued cutbacks in travel
and in the hardest-hit industries, such as tourism and hospitality. Not all those
who have been laid off will return to work, and businesses will likely use fewer
employees in the future
Further, according to International Labor Organization (ILO), almost 25
million people around the globe could lose their jobs (loss of workers' income
of as much as USD 3.4 trillion) (ILO, 2020c). as a result of the
coronavirus pandemic
COVID-19 will have a more profound effect in developing countries that will
make it much more difficult for them to implement effective stimulus without
facing binding foreign exchange constraints (UNCTAD, 2020a). Most
vulnerable countries are those that have weak health infrastructure, heavily
dependent on trade and tourism sectors, heavily indebted, and that depend on
unstable capital flows 
Old people

Older persons are particularly susceptible to the risk of infection from COVID-19, especially those with
chronic health conditions such as hypertension, cardiovascular disease and diabetes.

Older persons are not just struggling with greater health risks but are also likely to be less capable of
supporting themselves in isolation. Although social distancing is necessary to reduce the spread of the
disease, if not implemented correctly, such measures can also lead to increased social isolation of older
persons at a time when they may be at most need of support.

Youth

The economic and societal disruptions of the lockdowns are taking a toll on
young people’s mental health and wellbeing. As one teenager puts it: “The life
you thought was boring, is the life you’re hoping to get back to right now.”
Many governments have called on youth to embrace the effort to protect themselves and the overall
population. Youth are also in a position to help those who are most vulnerable, and to aid in increasing
public health social awareness campaigns among their communities. Thus, youth are critical to limiting
the virus’s spread and its impact on public health, society, and the economy at large.

In terms of employment, youth are disproportionately unemployed, and those who are employed often
work in the informal economy or gig economy, on precarious contracts or in the service sectors of the
economy, that are likely to be severely affected by COVID-19.

Educational impact

The pandemic has affected educational systems worldwide, leading to the widespread closures of
schools and universities. According to data released by UNESCO on 25 March, school and
university closures due to COVID-19 were implemented nationwide in 165 countries. Including
localized closures, this affects over 1.5 billion students worldwide, accounting for 87% of enrolled
learners.[24]
More than one billion youth are now no longer physically in school after the closure of schools and
universities across many jurisdictions.

Coronavirus and inequality

Low income individuals are more likely to contract the coronavirus and to die from it. [25] In both New
York City and Barcelona, low income neighborhoods are disproportionately hit by coronavirus cases.
Hypotheses for why this is the case include that poorer families are more likely to live in crowded
housing and work in the low skill jobs, such as supermarkets and elder care, which are deemed
essential during the crisis.[26][27] In the United States, millions of low-income people may lack access to
health care due to being uninsured or underinsured.[28] Millions of Americans lost their health
insurance after losing their jobs.[29][30][31] Many low income workers in service jobs have become
unemployed.[32]

Religious impact
The pandemic has impacted religion in various ways, including the cancellation of the worship
services of various faiths, the closure of Sunday Schools, as well as the cancellation of pilgrimages
surrounding observances and festivals.[33] Many churches, synagogues, mosques, and temples have
offered worship through livestream amidst the pandemic. [34] Relief wings of religious organisations
have dispatched medical supplies and other aid to affected areas.