Abstract
The pandemic COVID-19 has plunged the world economy into the deepest recession since World War II. Despite additional policy support, GDP of world in 2020 decreased by 5.2 percent, then followed by an increase of 4.2 percent in 2021. The pandemic has deeply interrupted livelihoods, with the termination in nearly 500 million full-time jobs in second quarter of 2020 alone. And this situation pushed about 150 million people into poverty by 2021. The revival of pandemic is blowing out a shadow over the global restoration as countries are forced to pull tight social-distancing measures, but trust has been picked up by news that various vaccines have shown high effectiveness in clinical experiments. The pandemic is forecasting to have long-lasting scarring effects on productivity and prospective growth, as investment loses strength further and human capital accumulation slows for reason of prolonged school lock-downs and extended unemployment. Financing situations in Emerging Market and Developing Economies (EMDEs) have s amid gathering speed in COVID-19 cases. EMDEs suffering of higher debt burdens or financing needs are especially vulnerable to acute rise in borrowing costs and to restrictions in their access to financing. Foreign Direct Investment (FDI) flows to EMDEs dropped by about 32 percent in 2020 among stalling investment and poor corporate profit. Keywords: pandemic, fiscal assistance, government measures.
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