The Impact of COVID-19 on Worldwide Economics

DOI

10.2991/assehr.k.211209.169How to use a DOI?

Keywords

COVID-19; macroeconomic and microeconomic impact; administrative solution

Abstract

2019 Corona Virus (COVID-19) is a wide spread disease sweeping the world. It generates the impact on both the macroeconomics and microeconomics as well. From the macroeconomic and microeconomics perspective, the economic and social disruption caused by the pandemic has been devastating, on which a lot of relevant scholars are doing related research. There are many people (especially scientists and public officials) learned a lesson and working on the possible solution because of the serious event. Based on this, this paper hopes to explore the significant impact of COVID-19 on the global economy, in order to offer suggestions for relevant practitioners and researchers to learn from the experience. This paper mainly focuses on the discussion about the impact of GDP (Gross domestic product), industry, long term effect, and direct and indirect uncertainty. The situation of specific countries, especially China in these aspects will be discussed in this paper. These results shed light for simple and powerful administrative possible solution.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yude Wu
PY  - 2021
DA  - 2021/12/15
TI  - The Impact of COVID-19 on Worldwide Economics
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1042
EP  - 1046
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.169
DO  - 10.2991/assehr.k.211209.169
ID  - Wu2021
ER  -