Coronavirus (COVID-19) Crisis: What's the Economic Alternative in Tunisia?

Bechir Fridhi

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: Our article introduces a coronavirus (COVID-19) pandemic impact on the economy from a variety of dimensions such as economic outlook, growth shock, the role of regulators and proposed long term strategies. This paper also analyzes the impact of the coronavirus (COVID-19) pandemic on the growth of the economy and the Imperative to Establishing a New Global Economic Order. Also, this study used the secondary published data from International financial institutions such as World Bank (WB) and International Monetary Fund (IMF) as to describe the current growth and also predict the post-COVID economic growth of Tunisia. How did a health crisis translate to an economic crisis? Why did the spread of the coronavirus bring the global economy to its knees? The answer lies in two methods by which coronavirus stifled economic activities. First, the spread of the virus encouraged social distancing which led to the shutdown of financial markets, corporate offices, businesses and events. Second, the exponential rate at which the virus was spreading, and the heightened uncertainty about how bad the situation could get, led to flight to safety in consumption and investment among consumers, investors and international trade partners. We focus on the period from the start of 2020 through June, when the coronavirus began spreading into other countries and markets. We draw on real-world observations in assessing the restrictive measures, monetary policy measures, fiscal policy measures and the public health measures that were adopted during the period.

Keywords: Coronavirus (COVID-19); Economic Shock; Financial crisis; Governance; Global Recession (search for similar items in EconPapers)
JEL-codes: G21 G28 I11 I18 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-ara
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https://www.econstor.eu/bitstream/10419/225249/3/C ... ernative-Tunisia.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:225249

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