Since its emergence in the Chinese city of Wuhan the previous year, the coronavirus has spread to 185 nations and domains — contaminating more than 2.7 million individuals and claiming more than 190,000 lives, as indicated by information accumulated by Johns Hopkins University. To control the spread of the infection, governments around the globe executed measures to secure nations through a lockdown and social distancing to varying extents. That incorporates closing schools, leisure sides, shutting borders, and work environments. Those limitations, which the IMF called the great lockdown brought quite a bit of worldwide financial action to a pause, harming organizations and making individuals lose their jobs.

Numerous nations, including the US and UK, have anticipated that their economies are experiencing an exceedingly terrible downturn since the Great Depression. Back in January, the IMF anticipated that the worldwide economy would develop by 3.3% in 2020; the number was changed to - 3% in May and afterward - 4.9% in June with the advent of the pandemic.

Descending further amendments are an unmistakable chance.

People are slowly accepting the reality of being hit by this pandemic and are progressively admitting that economic restoration won't be as fast as anticipated, and might probably be a long and testing deviated U type recovery. After the early disturbance, worldwide financial markets have recuperated a considerable amount of optimism. This distinction between financial results and securities exchange values keep baffling specialists and others alike. Readiness, versatility, and mechanization will be the watchwords for this new period of the business, and economies that have these abilities currently will be the winners.

On account of government stimulus bundles, liquidity is returning to the market, businesses are recuperating, the financial markets are recovering, traders are returning to forex trading in Norway, Switzerland, Britain, Australia, and even forex trading in Australia. As reported by the IMF, given the challenges faced by Australia and the rest of the world, the economy is doing pretty well.

Despite the fact that many industries in Australia were hit by the pandemic, government subsidies have helped in maintaining some level of financial stability and ensuring the strength of the economy. The stimulus packages continue to keep most of the economy above water with the goal that it can move out of the downturn quickly once the different lockdowns are lifted.

In any case, the route implies that bigger organizations will probably profit effectively over smaller administrators who may struggle. Certainly, one could consider this to be the time of the real test of technology-first business adages that have been praised over the initial segment of this century. 

While dealing with the direct health emergency, it is crucial and vital for economic steadiness. Specialists have started surveying how recovery may look once the infection is contained and which nations remained strong during this period. Notwithstanding laying out the post-pandemic business scene, the FM Global Resilience Index remains as an active reminder that traditional business dangers such as typhoons, flood, fire, drought, earthquakes, digital fraud, oil stuns, and political issues keep on undermining business and overall worth. The top three economies that have performed exceptionally well during this COVID-19 are Norway, Denmark, and Switzerland.

Norway

Norway ranks first upheld by a solid economy. It has held this position two years in a row. With a stable world of politics, low corruption, high natural disaster risk quality, and strong corporate administration. The basics of the Norwegian economy are solid, with a powerful business division, a low-risk market, and stable banks. A vigorous monetary structure gives adaptability, and solid public accounts make the administration perfectly situated to help the economy when required. Unemployment is below 4% of the workforce and business is high. Benefit in the corporate division has been favorable lately, and monetary development has been above pattern. The financial segment is stable and the payment framework is functioning well and effectively. In phase1, the administration organized prompt measures to keep away from unnecessary redundancies and liquidations in suitable organizations that face an unexpected fall in pay. 

Denmark

Positioned second in the list, Denmark scores excellent grades for its chain of production trailing and low legislative debasement. The nation additionally moved immediately when it came to authorizing social-distancing measures considering the spread of the pandemic. It reported a lockdown of schools and insignificant private organizations on 11 March and shut its borders to outsiders on 14 March, when the nation recorded a bunch of positive cases. Be that as it may, the moves have demonstrated success. Danish culture, in general, trusts the administration and are ready to stand together for a common reason, which has also affected the viability of the measures. 

Denmark is on both social and conventional media since many people feel an ethical obligation to make sacrifices for general wellbeing. That doesn't mean there haven't been difficulties, notwithstanding, the measures, such as paying 90% of wages of hourly laborers and 75% of those of salaried specialists affected by the pandemic, are praised as a model for the rest of the world, by basically freezing the economy until the chaos subsides. The model will not be low-cost, be that as it may; the measures are required to cost 13% of absolute GDP.

Switzerland on surviving COVID-19

What measures did Switzerland incorporate to limit the economic and social harm of this pandemic? The Swiss government provided a CHF10 billion for coronavirus relief which was reported on March 13 and was increased to CHF40 billion on March 20 and afterward to CHF60 billion on April 3. With this money, which is a long way from last, the government actualized measures to curb the economic and social effects of the coronavirus pandemic. Specifically, they served to give liquidity to organizations, forestall redundancies, and cover the loss of income of earners. This is the biggest aid bundle approved by the Swiss government. 

The CHF60 billion arranged so far relates to nearly the sum that the administration uses in one year. Switzerland defeated the 2008 crisis better than many other European nations, despite the fact that the emergency had directly hit one of the main arms of its economy, the financial sector. Same as 2008, the Swiss government has adequately held up its economy by consummately dealing with the COVID-19 pandemic. It has three qualities to manage this notable challenge. In Switzerland, the public debt adds up to only 27% of GDP.