¦¡n Eclectic Discussion of the Effects of COVID-19 Pandemic on the World Economy During the First Stage of the Spread

Stavros Kalogiannidis (), Fotios Chatzitheodoridis and Stamatis Kontsas

International Journal of Financial Research, 2020, vol. 11, issue 6, 137-153

Abstract: This paper examines the economic impact of the COVID-19 pandemic, which, according to the World Health Organization, has affected every country and has caused millions of deaths as well as huge financial losses. This paper, then, explores recent statistics documenting the disruption of the world economy. Of course, the blow at the level of business, market, employment, income, industries, companies, and so on is an issue that should be constantly investigated. The ongoing impact study proposal is based on the fact that each developing country has taken measures and enacted policies to reduce the direct impact of COVID-19. However, as research shows, each country has different records and sizes of impacts to their economies, and any government effort to reduce these effects should take into account national losses and impacts so the recovery measures are proportionate. Government measures should be adapted to the operational needs and difficulties of the country to effectively ensure resilience, security, reduction of economic losses and sustainable industrialization.

Keywords: COVID-19; pandemic; impact; economy; business; industry; market (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciedu.ca/journal/index.php/ijfr/article/view/18624/11974 (application/pdf)
http://www.sciedu.ca/journal/index.php/ijfr/article/view/18624 (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:jfr:ijfr11:v:11:y:2020:i:6:p:137-153

DOI: 10.5430/ijfr.v11n6p137

Access Statistics for this article

International Journal of Financial Research is currently edited by Gina Perry

More articles in International Journal of Financial Research from International Journal of Financial Research, Sciedu Press
Bibliographic data for series maintained by Gina Perry ().