Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact.

Tauseef Ahmad,Mukhtiar Baig,Jin Hui,Haroon Haroon

doi:10.12669/pjms.36.covid19-s4.2638

Abstract

In less than two decades, the world has experienced three outbreaks of deadly Coronaviruses, including the recent pandemic of Coronavirus Disease 2019 (COVID-19) in China. COVID-19 posed an emergency of international concerns, and cases have been reported in more than 200 countries/regions that resulted in health, lives, and economic losses. China’s economic growth is projected to fall to 5.6% this year, the International Monetary Fund (IMF) projected that policy investment and tax policies to implement $3.3 trillion and contributes further $4.5 trillion. IMF forecasts grow from 3.7% of global gross domestic product (GDP) in 2019 to 9.9% in 2020. GDP ratio projected from 3.0% in 2019 to grow 10.7% in 2020, the US ratio expected to increase from 5.8% to 15.7%. France, Germany, Italy, Japan, and the United Kingdom (UK) each reported public sector funding programs totalling > 10% of their yearly GDP. There is a dire need for regional and international co-operation to extend hands to prevent further spreading of COVID-19.

Highlights

Health disasters, both communicable and noncommunicable diseases, have global health impacts but, at the same time causing wide-ranging socioeconomic disruptions and losses
To avoid the international spread of disease and socioeconomic losses, identification of the biological threats is of great concern
The SARS-CoV-2 caused the disease known as Coronavirus Disease 2019 (COVID-19) and the first time emerged in China as an important threat to public health due to its association with an increasing number of infected cases and fatality

Summary

Review Article

SUMMARY In less than two decades, the world has experienced three outbreaks of deadly Coronaviruses, including the recent pandemic of Coronavirus Disease 2019 (COVID-19) in China. COVID-19 posed an emergency of international concerns, and cases have been reported in more than 200 countries/regions that resulted in health, lives, and economic losses. Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact. 4. Dr Jin Hui, Ph.D. Department of Epidemiology and Health Statistics, School of Public Health, Southeast University, Nanjing 210009, China, Key Laboratory of Environmental Medicine Engineering, Ministry of Education, School of Public Health, Southeast University, Nanjing 210009, China

BACKGROUND

ECONOMIC IMPACT

Findings

FUTURE CONSIDERATION