Impact of the Corona virus Pandemic on the Global Economy
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(1) * M. M. Shokirov
Master University of World Economy and Diplomacy
Uzbekistan
(*) Corresponding Author
Abstract
The article discusses the main consequences of the COVID-19 pandemic for the economy. The authors emphasize that the outbreak of the virus has become one of the most serious threats to the global economy and financial markets. It is noted that concerns about the impact of the coronavirus on the global economy have stirred up markets around the world: stock prices and bond yields have fallen sharply. Forecasts of GDP decline in leading countries and regions are given; the main possible methods of mitigating the effects of the pandemic on the economies of developing countries are considered.
References
1. UN Department of Economic and Social Affairs (DESA) (UN Department of Economic and Social Affairs) [Electronic resource].
2. Arshian Sharifa, Chaker Aloui, Larisa Yarovay (2020). COVID-19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet based approach. International Review of Financial Analysis, Vol.70, pp.1-9
3. Shobhit Aggarwal, Samarpan Nawn, Amish Dugar (2020). What caused global stock market meltdown during the COVID pandemic–Lockdown stringency or investor panic? Finance Research Letters. November`2, pp.56-67. https://doi.org/10.1016/j.frl.2020.101827.
4. Badar Nadeem Ashraf. Stock markets’ reaction to COVID-19: Cases or fatalities? // Research in International Business and Finance 54 (2020) 101249. (https://doi.org/10.1016/j.ribaf.2020.101249).
5. https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-coronavirus-effect-on-global-economic-sentiment
6. https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/#topicHeader__wrapper
7. https://www.imf.org/en/Publications/WEO/Issues
2. Arshian Sharifa, Chaker Aloui, Larisa Yarovay (2020). COVID-19 pandemic, oil prices, stock market, geopolitical risk and policy uncertainty nexus in the US economy: Fresh evidence from the wavelet based approach. International Review of Financial Analysis, Vol.70, pp.1-9
3. Shobhit Aggarwal, Samarpan Nawn, Amish Dugar (2020). What caused global stock market meltdown during the COVID pandemic–Lockdown stringency or investor panic? Finance Research Letters. November`2, pp.56-67. https://doi.org/10.1016/j.frl.2020.101827.
4. Badar Nadeem Ashraf. Stock markets’ reaction to COVID-19: Cases or fatalities? // Research in International Business and Finance 54 (2020) 101249. (https://doi.org/10.1016/j.ribaf.2020.101249).
5. https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-coronavirus-effect-on-global-economic-sentiment
6. https://www.statista.com/topics/6139/covid-19-impact-on-the-global-economy/#topicHeader__wrapper
7. https://www.imf.org/en/Publications/WEO/Issues
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Published
2022-04-09
How to Cite
Shokirov, M. M. (2022). Impact of the Corona virus Pandemic on the Global Economy. Procedia of Social Sciences and Humanities, 1, 350-353. https://doi.org/10.21070/pssh.v1i.84
Section
Articles
Copyright (c) 2022 M. M. Shokirov
This work is licensed under a Creative Commons Attribution 4.0 International License.
