Abstract
The COVID-19 pandemic may affect the world severely in terms of quality of life, political, environmental, and economic sustainable development, and the global economy. Its impact is attested to by the number of research studies on it. The main aim of this study is to evaluate the impact of COVID-19 on the psychology of sustainability (quality of life), on sustainable development, and on the global economy. A computerized literature search was performed, and journal articles from authentic sources were extracted, including MEDLINE (PubMed), Google Scholar, Science Direct, ProQuest, and Emerald Insight. The references in selected articles were screened to identify any relevant studies. The following inclusion criteria were followed: research articles based on the COVID-19 pandemic, and articles, research papers, journals, and news articles published 2010 to 2020. The exclusion criteria were as follow: psychology research, articles, and journals published before 2010 and research articles having no link with the current pandemic’s impact on the psychology of sustainability, quality of life, and the global economy. Of the initial 350 articles identified, only 61 studies were found to be relevant and meet the inclusion criteria. Based on these articles, the review highlights that compared to developed countries, the developing nations and poor nations such as African countries with compromised health structures have been greatly affected. There are close associations between health, economic, environmental, and political issues globally. The pandemic can be managed if we follow new policies that implement economic and public health changes worldwide. A planned, coordinated approach between the public-private sector is required, designed according to each country’s health system and economy. We can come out of this crisis if we work together and support both developed and developing nations.
Highlights
There is a high rate of uncertainty related to COVID-19, whose pandemic impacts economic performance, sustainability criteria, and development processes. Haider et al (2020) mention the effect of coronavirus on health and economic crises
The main aim of this current research is to evaluate the impact of the COVID-19 pandemic on the sustainability of the quality of life, i.e., how people are tending toward stress, anxiety, depression, and other health/mental issues
The analysis helped to evaluate the impact of COVID-19 on the psychology of sustainability, quality of life, and the global economy
Summary
There is a high rate of uncertainty related to COVID-19, whose pandemic impacts economic performance, sustainability criteria, and development processes. Haider et al (2020) mention the effect of coronavirus on health and economic crises. There is a high rate of uncertainty related to COVID-19, whose pandemic impacts economic performance, sustainability criteria, and development processes. Haider et al (2020) mention the effect of coronavirus on health and economic crises. Analysis of its growth in countries, clearly shows that its development leads to crises. Declining GDP rates damage health, education, and industrial progress globally. According to Herbert (2020), COVID-19 affects socio-economic circumstances because of declining global GDP, declining capital flows, fewer investment opportunities, and decreased trading. Not limited to economic loss, this pandemic impacts social parameters like the changes in sustainable psychological development. The International Monetary Fund (IMF) World Economic Update for June estimated considerable fluctuation in the final ratios (IMF, 2020)
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