corn, ethanol, and gasoline producers, and refineries. If the assumed unemployment effects from COVID-19 are taken into account, the total effect, including both producers and unemployed workers, is $212.2 billion, bringing the world total to $1266.9 billion....
1 The results document significant spillovers from the pandemic but no spillover effects for city lockdown. The findings also show that COVID-19 had a continuing but much reduced economic impact during the immediate post-pandemic periods whereas city lockdown had no dynamic impact beyond the ...
This paper examines the economic effects of COVID-19 containment measures using daily global data on containment measures, infections, and economic activity indicators, such as Nitrogen Dioxide (NO2)emissions, international and domestic flights, energy consumption, maritime trade, and mobility indices. ...
The pandemic of COVID19 has disrupted every aspect of life. From groceries to medicines, travel to events, sports to funerals, economics to politics and religion to social rights all domains of life have been shaken up by this infectious virus. The impact is deep and will have a lasting e...
The country's economy took a hit from the domestic resurgence of COVID-19 cases in April, but the impacts are "short-lived and external," Fu said. "The fundamentals of the Chinese economy remain unchanged. The overall trends of economic transformation and upgrading and high-quality development...
Based on household-level fixed-effects regressions, our results suggest that income from work decreased with almost one-third and income from gifts and remittances reduced by more than one-third after the start of the pandemic. Nevertheless, household expenditures on food remained at pre-COVID ...
The Possible Impact of COVID-19 on China’s Economy The outbreak of SARS in 2003 caused a sharp dip in China’s economic activity (shaded area). The growth rate of the second-quarter GDP (y-o-y) dropped to from 10.8 to 9.7%. After the outbreak, the growth rate returned to normal ...
Finally, we find that student–teacher contact has dropped from a pre-COVID-19 rate of 96% to just 17% among households with school-aged children. These findings can inform decisions by governments and international organizations on measures to mitigate the effects of the COVID-19 pandemic. ...
The COVID-19 pandemic has affected about 210 countries with more than 67 million confirmed cases and over 1.5 million deaths across the globe including Pak
First, in bouncing back from the pandemic, China's consumption and retail industries are recovering. Recent economic data indicate that China's consumer market is beginning to recover from the impact of the pandemic. Domestic tourism and other offline service industries severely affected by COVID-19...