Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact

COVID-19 Pandemic and Economic Impact

Abstract

In less than two decades, the world has experienced three outbreaks of deadly Coronaviruses, including the recent pandemic of Coronavirus Disease 2019 (COVID-19) in China. COVID-19 posed an emergency of international concerns, and cases have been reported in more than 200 countries/regions that resulted in health, lives, and economic losses. China’s economic growth is projected to fall to 5.6% this year, the International Monetary Fund (IMF) projected that policy investment and tax policies to implement $3.3 trillion and contributes further $4.5 trillion. IMF forecasts grow from 3.7% of global gross domestic product (GDP) in 2019 to 9.9% in 2020. GDP ratio projected from 3.0% in 2019 to grow 10.7% in 2020, the US ratio expected to increase from 5.8% to 15.7%. France, Germany, Italy, Japan, and the United Kingdom (UK) each reported public sector funding programs totalling > 10% of their yearly GDP. There is a dire need for regional and international co-operation to extend hands to prevent further spreading of COVID-19.

doi: https://doi.org/10.12669/pjms.36.COVID19-S4.2638

How to cite this:
Ahmad T, Haroon, Baig M, Hui J. Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact. Pak J Med Sci. 2020;36(COVID19-S4):COVID19-S73-S78. doi: https://doi.org/10.12669/pjms.36.COVID19-S4.2638

This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.