After Effects Of The Covid 19 Pandemic Prospects For Medium Term Economic Damage
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Author |
: Mr. Philip Barrett |
Publisher |
: International Monetary Fund |
Total Pages |
: 23 |
Release |
: 2021-07-30 |
ISBN-10 |
: 9781513587905 |
ISBN-13 |
: 1513587900 |
Rating |
: 4/5 (05 Downloads) |
Synopsis After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage by : Mr. Philip Barrett
The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.
Author |
: Johannes Emmerling |
Publisher |
: International Monetary Fund |
Total Pages |
: 38 |
Release |
: 2021-04-30 |
ISBN-10 |
: 9781513582351 |
ISBN-13 |
: 1513582356 |
Rating |
: 4/5 (51 Downloads) |
Synopsis Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics by : Johannes Emmerling
COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.
Author |
: Ashraf Mishrif |
Publisher |
: Springer Nature |
Total Pages |
: 331 |
Release |
: |
ISBN-10 |
: 9789819743674 |
ISBN-13 |
: 9819743672 |
Rating |
: 4/5 (74 Downloads) |
Synopsis Economic Effects of the Pandemic by : Ashraf Mishrif
Author |
: Moosa, Imad A. |
Publisher |
: Edward Elgar Publishing |
Total Pages |
: 256 |
Release |
: 2021-11-16 |
ISBN-10 |
: 9781800377226 |
ISBN-13 |
: 1800377223 |
Rating |
: 4/5 (26 Downloads) |
Synopsis The Economics of COVID-19 by : Moosa, Imad A.
This timely book explores the neglected risk in the advent of the Covid-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events.
Author |
: Mustafa Polat |
Publisher |
: Springer Nature |
Total Pages |
: 323 |
Release |
: 2022-11-16 |
ISBN-10 |
: 9783031131424 |
ISBN-13 |
: 3031131428 |
Rating |
: 4/5 (24 Downloads) |
Synopsis COVID-19 and Society by : Mustafa Polat
This timely book presents a collection of expert insights into the impacts of COVID-19 in a broader socio-economic context. In each chapter, the authors identify the current impact of COVID-19 by demonstrating transformative signals and project these signals to the future by considering their alternative futures and implications. The book emphasizes that dealing with major global pandemics like COVID-19 requires all countries and regions to take different, but synchronized measures to decrease its socio-economic effects in the short, medium and long run. The consequences of COVID-19 will go beyond medicine to cover all other aspects of life and are bound to change the nature of organizations. Moving beyond the medical viewpoint, the experts in this book discuss the topic from multi-dimensional and multi-disciplinary angles by focusing on the domains of technology, business, finance, marketing, law, public administration, and education.
Author |
: Alistair Dieppe |
Publisher |
: World Bank Publications |
Total Pages |
: 552 |
Release |
: 2021-06-09 |
ISBN-10 |
: 9781464816093 |
ISBN-13 |
: 1464816093 |
Rating |
: 4/5 (93 Downloads) |
Synopsis Global Productivity by : Alistair Dieppe
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Author |
: Magnus Strömberg |
Publisher |
: Nova Snova |
Total Pages |
: 0 |
Release |
: 2021-08-03 |
ISBN-10 |
: 1536199524 |
ISBN-13 |
: 9781536199529 |
Rating |
: 4/5 (24 Downloads) |
Synopsis The Effects of COVID-19 on the Global and Domestic Economy by : Magnus Strömberg
In the year since the COVID-19 outbreak was first diagnosed, it has spread to over 200 countries and all U.S. states. The pandemic has negatively affected global economic growth beyond anything experienced in nearly a century. Estimates so far indicate the virus reduced global economic growth to an annualized rate of -4.5% to -6.0% in 2020, with a partial recovery of 2.5% to 5.2% projected for 2021. Global trade is estimated to have fallen by 5.3% in 2020, but is projected to grow by 8.0% in 2021. The full economic impact of the pandemic likely will remain unclear until the negative health effects peak. This book provides an overview of the global and domestic economic costs to date and the response by governments and international institutions to address these effects.
Author |
: Pooyan Ghamari |
Publisher |
: Pooyan Ghamari |
Total Pages |
: 55 |
Release |
: 2023-03-13 |
ISBN-10 |
: |
ISBN-13 |
: |
Rating |
: 4/5 ( Downloads) |
Synopsis THE IMPACT OF THE COVID- 19 PANDEMIC ON THE GLOBAL ECONOMY by : Pooyan Ghamari
The Impact of Covid-19 Pandemic on the Global Economy" by Pooyan Ghamari is an e-book that covers various aspects of the economic impact of the pandemic. The book consists of 15 chapters, including an introduction and a conclusion. Chapter 2 discusses the effects of the Covid-19 pandemic on developing countries, including the challenges they face in responding to the pandemic and the potential long-term economic consequences. Chapter 3 focuses on the role of international organizations, such as the World Health Organization and the International Monetary Fund, in responding to the pandemic and mitigating its economic impact. Chapters 4 to 9 examine the economic impact of the pandemic on specific countries and industries, including Brazil, India, the tourism industry, global trade, healthcare systems, and the labor market. Chapter 10 discusses how technology has played a role in mitigating the pandemic's impact on economies and countries worldwide. Chapter 11 analyzes the effectiveness of public health policies implemented to mitigate the spread of Covid-19 and their impact on the economy. Chapter 12 looks at the effect of the pandemic on small businesses and the support they require to recover. Chapter 13 compares the response of different governments worldwide to the pandemic and their effectiveness. Chapter 14 discusses the effect of the pandemic on mental health and its potential long-term consequences. Chapter 15 concludes the e-book by summarizing the key findings and providing recommendations for future research. It also explores potential investment opportunities arising from the pandemic, such as in healthcare or technology. Overall, "The Impact of Covid-19 Pandemic on the Global Economy" provides a comprehensive overview of the pandemic's economic impact, covering a wide range of topics and countries. It also provides insights into the lessons learned from the pandemic and how to prepare for similar global crises in the future.
Author |
: World Bank |
Publisher |
: World Bank Publications |
Total Pages |
: 339 |
Release |
: 2021-08-03 |
ISBN-10 |
: 9781464816666 |
ISBN-13 |
: 1464816662 |
Rating |
: 4/5 (66 Downloads) |
Synopsis Global Economic Prospects, June 2021 by : World Bank
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Author |
: Juan Pablo Cuesta Aguirre |
Publisher |
: International Monetary Fund |
Total Pages |
: 40 |
Release |
: 2021-07-09 |
ISBN-10 |
: 9781513583792 |
ISBN-13 |
: 1513583794 |
Rating |
: 4/5 (92 Downloads) |
Synopsis Recoveries After Pandemics: The Role of Policies and Structural Features by : Juan Pablo Cuesta Aguirre
To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward alleviating suffering and fostering an inclusive recovery. The adverse output effects are limited for countries that provided relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with relatively greater fiscal support and relatively stronger initial conditions (as defined by higher formality, family benefits, and health spending per capita).