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Effect of the Covid Pandemic on Current Economic Trends

Effect of the Covid Pandemic on Current Economic Trends PDF Author: Harsh Doshi
Publisher:
ISBN:
Category :
Languages : en
Pages : 72

Book Description
The covid-19 pandemic struck without warning and changed the world in ways we didn't think possible. The millions of innocent lives that have been lost to this pandemic is proof enough of how dangerous the coronavirus is. In the same vein, the pandemic has caused lasting social and economic changes since the early months of 2020.This book torchlights the impacts of the COVID-19 pandemic on the world. It discusses the profound effects it has had on we as human beings in terms of how we interact with each other and go about our daily activities. It also investigates the economic impacts of the pandemic. Touching on the millions of jobs that were lost, the countless businesses that were killed and the multi-national corporations who faced massive disruptions in their global demand/supply chains. In this book, you will find real-life scenarios of how small businesses, multi-national corporations had to adapt when the world was brought to its knees. You will also read about the impact of safety guidelines like self-isolations, social distancing and full lockdowns affected these two classes of business.This book discusses the response of the government to the many issues the pandemic raise. It highlights the several ways the government tried to intervene and cushion the effects of the pandemic on citizens, businesses, the health sector and so on. The policies and programs that the government implemented were analyzed in great detail.Moving forward, we examined the global sentiment and how people are reacting to the discovery of COVID-19 vaccines, the renewed sense of confidence and positivity even when things are still rather uncertain. People seem to have accepted that things may never return to 'the old normal' and have found a way to make the best of 'the new normal'.Teleconferencing and other technological innovations that facilitated remote work during the woes of the pandemic are underlined and we resolved that the current trend of remote work will linger into the future. The pandemic showed just how feasible remote work really is and now it seems like it will be the new way to work. One of the other lessons discussed in the book was that of finances. The pandemic revealed just how interconnected and fragile the global economy is and so new investment strategies were explained. The purpose behind these new strategies is to prevent a repeat of what happened to most investors in 2020.The book also explains how those who lost their jobs to the pandemic can leverage online channels and tools to seek out new opportunities. The book also contains useful information that will help candidates prepare for virtual interviews (which is the new trend).This book is a comprehensive compilation of what happened during the pandemic, how the world responded, what the current state of things are and how we can forge ahead wiser and stronger. It is an invaluable resource to anyone of any age.

Effect of the Covid Pandemic on Current Economic Trends

Effect of the Covid Pandemic on Current Economic Trends PDF Author: Harsh Doshi
Publisher:
ISBN:
Category :
Languages : en
Pages : 72

Book Description
The covid-19 pandemic struck without warning and changed the world in ways we didn't think possible. The millions of innocent lives that have been lost to this pandemic is proof enough of how dangerous the coronavirus is. In the same vein, the pandemic has caused lasting social and economic changes since the early months of 2020.This book torchlights the impacts of the COVID-19 pandemic on the world. It discusses the profound effects it has had on we as human beings in terms of how we interact with each other and go about our daily activities. It also investigates the economic impacts of the pandemic. Touching on the millions of jobs that were lost, the countless businesses that were killed and the multi-national corporations who faced massive disruptions in their global demand/supply chains. In this book, you will find real-life scenarios of how small businesses, multi-national corporations had to adapt when the world was brought to its knees. You will also read about the impact of safety guidelines like self-isolations, social distancing and full lockdowns affected these two classes of business.This book discusses the response of the government to the many issues the pandemic raise. It highlights the several ways the government tried to intervene and cushion the effects of the pandemic on citizens, businesses, the health sector and so on. The policies and programs that the government implemented were analyzed in great detail.Moving forward, we examined the global sentiment and how people are reacting to the discovery of COVID-19 vaccines, the renewed sense of confidence and positivity even when things are still rather uncertain. People seem to have accepted that things may never return to 'the old normal' and have found a way to make the best of 'the new normal'.Teleconferencing and other technological innovations that facilitated remote work during the woes of the pandemic are underlined and we resolved that the current trend of remote work will linger into the future. The pandemic showed just how feasible remote work really is and now it seems like it will be the new way to work. One of the other lessons discussed in the book was that of finances. The pandemic revealed just how interconnected and fragile the global economy is and so new investment strategies were explained. The purpose behind these new strategies is to prevent a repeat of what happened to most investors in 2020.The book also explains how those who lost their jobs to the pandemic can leverage online channels and tools to seek out new opportunities. The book also contains useful information that will help candidates prepare for virtual interviews (which is the new trend).This book is a comprehensive compilation of what happened during the pandemic, how the world responded, what the current state of things are and how we can forge ahead wiser and stronger. It is an invaluable resource to anyone of any age.

Global Economic Prospects, June 2020

Global Economic Prospects, June 2020 PDF Author: World Bank Group
Publisher: World Bank Publications
ISBN: 1464815801
Category : Business & Economics
Languages : en
Pages : 402

Book Description
The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. 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). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.

Economic Impact and Recovery Following a Global Health Crisis

Economic Impact and Recovery Following a Global Health Crisis PDF Author: Sloboda, Brian W.
Publisher: IGI Global
ISBN: 1799869024
Category : Business & Economics
Languages : en
Pages : 253

Book Description
The COVID-19 pandemic has raised challenges in the assessment of macroeconomic and microeconomic impacts. The impacts of COVID-19 on the macro and micro sectors of the economy and the current and future economic tendencies have yet to be determined. The impact of COVID-19 research holds limitless potential, but the necessary research for professionals to understand the economic impacts is lacking and unclear. Economic Impact and Recovery Following a Global Health Crisis assesses the economic impacts of the COVID-19 pandemic with a focus on the macroeconomic and microeconomic and uses various statistical methods and real-world data to predict and establish specific trends within the economy. Covering topics such as firm behavior and national economies, it is ideal for policymakers, industry professionals, researchers, academicians, instructors, and students.

COVID-19 Pandemic Impact on New Economy Development and Societal Change

COVID-19 Pandemic Impact on New Economy Development and Societal Change PDF Author: Popescu, Cristina Raluca Gh.
Publisher: IGI Global
ISBN: 1668433761
Category : Business & Economics
Languages : en
Pages : 425

Book Description
Globalization and technological advances have the immense power to create a new economy, address sustainability concerns, and facilitate societal changes. In addition, the COVID-19 pandemic has led to notable modifications in the world economy and society that require adjustments to business models, as well as our way of life. It is critical to understand these new models in our changing society for businesses to not only survive, but to thrive. COVID-19 Pandemic Impact on New Economy Development and Societal Change provides an updated view of the newest trends, novel practices, and latest tendencies concerning the manner of shaping the new economy and accelerating societal change, demonstrating the crucial importance of rethinking the world’s models, priorities, and strategies while seeking a more responsible path for humanity. Covering topics such as tourism and salesmanship skills, this publication is ideal for academicians, researchers, scientists, scholars, practitioners, industry professionals, consultants, instructors, and students.

After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage

After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage PDF Author: Mr. Philip Barrett
Publisher: International Monetary Fund
ISBN: 1513587900
Category : Business & Economics
Languages : en
Pages : 23

Book Description
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.

Global Productivity

Global Productivity PDF Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552

Book Description
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

Global Plastics Outlook Economic Drivers, Environmental Impacts and Policy Options

Global Plastics Outlook Economic Drivers, Environmental Impacts and Policy Options PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264584064
Category :
Languages : en
Pages : 201

Book Description
While plastics are extremely useful materials for modern society, plastics production and waste generation continue to increase with worsening environmental impacts despite international, national and local policy responses, as well as industry commitments. The first of two reports, this Outlook intends to inform and support policy efforts to combat plastic leakage.

Global Trends 2040

Global Trends 2040 PDF Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158

Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The Economics of COVID-19

The Economics of COVID-19 PDF Author: Moosa, Imad A.
Publisher: Edward Elgar Publishing
ISBN: 1800377223
Category : Medical
Languages : en
Pages : 256

Book Description
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.

The Effects of COVID-19 on the Global and Domestic Economy

The Effects of COVID-19 on the Global and Domestic Economy PDF Author: Magnus Strömberg
Publisher: Nova Snova
ISBN: 9781536199529
Category : COVID-19 Pandemic, 2020-
Languages : en
Pages : 0

Book Description
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.