COVID-19: RESTRICTIONS, ECONOMIC LOSSES AND INCENTIVES. EUROPEAN AND GLOBAL OVERVIEW

Virginia Campeanu

Euroinfo, 2020, vol. 4, issue 1, 3-20

Abstract: The viral epidemic COVID-19 started in December 2019 in a large city of China, Wuhan with a population of about 20 million, similar to that of Romania. The huge speed of virus spread inside China, then outside the borders has determined the World Health Organization (WHO) to declare on January 30, 2020, "Global emergency for public health" (pandemic). In mid-March, the epicentre of the epidemic moved from Asia to Europe, where the number of cases continues to grow and 6 of the first 10 countries with the most cases and deaths caused by COVID-19 are members of the European Union. The objective of this article is to reveal the results of an analysis regarding the incidence of coronavirus COVID-19 on a European and global level by the last decade of March 2020, the economic losses registered by the affected countries and the consequences at a global level (recession and significant decrease of international trade). In the last part of the article, we present case studies on three developed countries - France, the United Kingdom and the USA - in particular to reveal the wide range of government incentives government incentives initiated by them to save the economy and jobs, which can be adapted from country to country depending on resources.

Keywords: COVID-19, public health and economic development, government expenditures and policies, government expenditures and welfare programs; EU, France, UK, USA (search for similar items in EconPapers)
JEL-codes: E71 H51 H53 I15 I18 (search for similar items in EconPapers)
Date: 2020
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