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Economic perspective of coronavirus ( COVID ‐19)
Author(s) -
Usman Muhammad,
Ali Yameen,
Riaz Aimon,
Riaz Areej,
Zubair Ahsan
Publication year - 2020
Publication title -
journal of public affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 20
eISSN - 1479-1854
pISSN - 1472-3891
DOI - 10.1002/pa.2252
Subject(s) - globe , covid-19 , productivity , perspective (graphical) , economy , coronavirus , development economics , economics , economic geography , business , economic growth , virology , medicine , disease , pathology , artificial intelligence , biology , outbreak , computer science , infectious disease (medical specialty) , ophthalmology
This study aims to present a quick overview of the novel coronavirus (afterward COVID‐19) which triggers from Wuhan, spread approximately 213 countries and territories around the globe, and still currently ongoing. Particularly, we are interested to investigate the economic perspective of COVID‐19. This paper uses data from online published articles and current media sources, as the COVID‐19 situation is unfolding yet. To deeply explore the said matter, we divide the economic impact into six dimensions that is, Chinese economy, Central Asian economies, South Asian economies, South East and West Asian economies, European economies, Northern African, and Middle Eastern economies. The paper concludes that epidemic situations like COVID‐19 severely affect economies around the globe. The basic reasons behind such severity are immobility of labor, reduction in productivity, discontinuation of the supply chain, a decline in exports, uncertainty, and so on. This study is quite important for businesses and policymakers to estimate and plan current and post‐COVID‐19 situations.