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

COVID-19 Pandemic and Economic Impact

  • Tauseef Ahmad School of Public Health, Southeast University, Nanjing (210009), China
  • Haroon Haroon Northwest University, Xian, China
  • Mukhtiar Baig King Abdulaziz University, Jeddah, Saudi Arabia
  • Jin Hui Southeast University, Nanjing 210009, China
Keywords: Coronaviruses, COVID-19, China, Economic losses

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.

doi: https://doi.org/10.12669/pjms.36.COVID19-S4.2638

How to cite this:
Ahmad T, Haroon, Baig M, Hui J. Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact. Pak J Med Sci. 2020;36(COVID19-S4):COVID19-S73-S78. doi: https://doi.org/10.12669/pjms.36.COVID19-S4.2638

This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Author Biographies

Haroon Haroon, Northwest University, Xian, China

College of Life Science, 

Mukhtiar Baig, King Abdulaziz University, Jeddah, Saudi Arabia

Department of Clinical Biochemistry

Jin Hui, Southeast University, Nanjing 210009, China

Department of Epidemiology and Health Statistics, School of Public Health, 

Published
2020-05-19
How to Cite
Ahmad, T., Haroon, H., Baig, M., & Hui, J. (2020). Coronavirus Disease 2019 (COVID-19) Pandemic and Economic Impact. Pakistan Journal of Medical Sciences, 36(COVID19-S4). https://doi.org/10.12669/pjms.36.COVID19-S4.2638