Meta Covid Era: Impact of COVID-19 on the Global Economy and Ecosystems and Opportunities for Circular Economy Strategies

The provenance of COVID-19 across the world has continued to render severe consequence to both the economy, people and the environment. This literature review study sought to assess the general impact of COVID-19 on the different systems and the worldwide economy as well as establishing different opportunities for CE. This review revalued that the pandemic had both positive and negative influences on the macro and micro economic elements of the global economy. With most businesses closed, the economies in most countries were greatly affected. However despite the challenges associated with economic sustainability during Covid-19, the different ecosystems did not to some extent get affected since there were limited extreme threat to render a big threat on the natural environment. This review confirms that strategic economic growth model based on the different aspects of a Circular Economy that can help to revamp most economies and consequently ensure sustainability of ecosystems across the world. This paper provides different sector-specific recommendations on CE-related solutions as a major catalyst for global economic growth and development in a resilient post-COVID-19 world, based on evidence supporting CE as a great tool for balancing the complex equation of achieving profit with minimal environmental harms or consequences.