Socio-Economic Impacts and Challenges of the Coronavirus Pandemic (COVID-19): An Updated Review

Orestis Delardas, Konstantinos S. Kechagias, Pantelis N. Pontikos and Panagiotis Giannos ()
Additional contact information
Orestis Delardas: UCL Energy Institute, University College London, London WC1E 6BT, UK
Konstantinos S. Kechagias: Society of Meta-Research and Biomedical Innovation, London W12 0BZ, UK
Pantelis N. Pontikos: Department of Maritime Studies, University of Piraeus, 18534 Athens, Greece
Panagiotis Giannos: Society of Meta-Research and Biomedical Innovation, London W12 0BZ, UK

Sustainability, 2022, vol. 14, issue 15, 1-13

Abstract: The coronavirus disease 2019 (COVID-19) pandemic has shaken up the socio-economic order on a global scale with interventions designed to curb the spread of the disease bearing multiple and reinforcing impacts on several aspects of economic and social lives. The effects of COVID-19 were diverse and often spilled over different or interdependent industries. Economies were hit top-down and bottom-up while businesses and individuals alike endured significant changes that altered national and international supply and demand trends for products and services. The primary and secondary sectors were especially influenced by supply shortages while services and education were largely demand-driven. Monetary policies were specifically targeted to ease these disruptions while protective measures for employees in many cases constrained business competitiveness. The present study provided a cross-sectoral (primary, secondary, tertiary, and quaternary sectors) outline of the implications and challenges since the start of the crisis, centralising important information and offering a view of the current socio-economic situation.

Keywords: economy; society; coronavirus; COVID-19; SARS-CoV-2; pandemic (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/15/9699/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/15/9699/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:15:p:9699-:d:882007

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().