Like the previous pandemics, Coronavirus (COVID-19) pandemic is first and foremost a public health threat, but it is also, and increasingly, an economic threat. On the other hand, the economic impact of a pandemic may not be long- lasting if the underlying cause is contained quickly. Currently the world is seriously affected by COVID-19 outbreak. Considering the evolving nature of the situation, it is too early to estimate the full impact of COVID-19 on the world economy, but many articles have been published and made available to the public on the actual and potential economic consequences of COVID-19. Most of them consider the partial economic effects of COVID-19 on different economic perspectives. Therefore, the general objective of this contemporary review is to prepare the bases for future solution by collecting and analyzing the results of previous articles and contextualization’s of their needs. The result of the review depicts the significant actual and projected impacts of COVID-19 on major macro-economic variables like: economic growth, unemployment and poverty level. Besides, the review also reflects the sectoral impacts of COVID-19 on manufacturing, service, trade, tourism & aviation and education sectors of the world economy.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 2) |
| DOI | 10.11648/j.ijefm.20200802.11 |
| Page(s) | 63-74 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2020. Published by Science Publishing Group |
COVID-19, Pandemics, Economic Impact, Contraction; Health, Quarantine
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APA Style
Habtamu Legese Feyisa. (2020). The World Economy at COVID-19 Quarantine: Contemporary Review. International Journal of Economics, Finance and Management Sciences, 8(2), 63-74. https://doi.org/10.11648/j.ijefm.20200802.11
ACS Style
Habtamu Legese Feyisa. The World Economy at COVID-19 Quarantine: Contemporary Review. Int. J. Econ. Finance Manag. Sci. 2020, 8(2), 63-74. doi: 10.11648/j.ijefm.20200802.11
AMA Style
Habtamu Legese Feyisa. The World Economy at COVID-19 Quarantine: Contemporary Review. Int J Econ Finance Manag Sci. 2020;8(2):63-74. doi: 10.11648/j.ijefm.20200802.11
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Download@article{10.11648/j.ijefm.20200802.11,
author = {Habtamu Legese Feyisa},
title = {The World Economy at COVID-19 Quarantine: Contemporary Review},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {8},
number = {2},
pages = {63-74},
doi = {10.11648/j.ijefm.20200802.11},
url = {https://doi.org/10.11648/j.ijefm.20200802.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20200802.11},
abstract = {Like the previous pandemics, Coronavirus (COVID-19) pandemic is first and foremost a public health threat, but it is also, and increasingly, an economic threat. On the other hand, the economic impact of a pandemic may not be long- lasting if the underlying cause is contained quickly. Currently the world is seriously affected by COVID-19 outbreak. Considering the evolving nature of the situation, it is too early to estimate the full impact of COVID-19 on the world economy, but many articles have been published and made available to the public on the actual and potential economic consequences of COVID-19. Most of them consider the partial economic effects of COVID-19 on different economic perspectives. Therefore, the general objective of this contemporary review is to prepare the bases for future solution by collecting and analyzing the results of previous articles and contextualization’s of their needs. The result of the review depicts the significant actual and projected impacts of COVID-19 on major macro-economic variables like: economic growth, unemployment and poverty level. Besides, the review also reflects the sectoral impacts of COVID-19 on manufacturing, service, trade, tourism & aviation and education sectors of the world economy.},
year = {2020}
}
TY - JOUR T1 - The World Economy at COVID-19 Quarantine: Contemporary Review AU - Habtamu Legese Feyisa Y1 - 2020/05/27 PY - 2020 N1 - https://doi.org/10.11648/j.ijefm.20200802.11 DO - 10.11648/j.ijefm.20200802.11 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 63 EP - 74 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20200802.11 AB - Like the previous pandemics, Coronavirus (COVID-19) pandemic is first and foremost a public health threat, but it is also, and increasingly, an economic threat. On the other hand, the economic impact of a pandemic may not be long- lasting if the underlying cause is contained quickly. Currently the world is seriously affected by COVID-19 outbreak. Considering the evolving nature of the situation, it is too early to estimate the full impact of COVID-19 on the world economy, but many articles have been published and made available to the public on the actual and potential economic consequences of COVID-19. Most of them consider the partial economic effects of COVID-19 on different economic perspectives. Therefore, the general objective of this contemporary review is to prepare the bases for future solution by collecting and analyzing the results of previous articles and contextualization’s of their needs. The result of the review depicts the significant actual and projected impacts of COVID-19 on major macro-economic variables like: economic growth, unemployment and poverty level. Besides, the review also reflects the sectoral impacts of COVID-19 on manufacturing, service, trade, tourism & aviation and education sectors of the world economy. VL - 8 IS - 2 ER -
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