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The shock of the pandemic has considerably impacted the outlook for economic growth in countries all around the world. This is particularly true in developing countries. The article analyzes how the living standards have deteriorated as a result of the pandemic. The rise in unemployment and inflation rates, which exacerbated poverty and property differentiation, is examined. The values and norms of the social system have changed radically, posing major threats to fundamental structures anddoi:10.36962/ecs105/3/2022-123 fatcat:td4bxpygafc4hfgnrfdiuei22q