The Economic Impacts of COVID-19 Pandemic on the U.S. Industries
- 10.2991/assehr.k.211209.411How to use a DOI?
- COVID-19 pandemic; U.S. Economy; E-commerce market; Pharmaceutical sector
Since the first U.S. case was reported on January 21, 2020, many American industries have been heavily affected from an economic perspective. This paper primarily gives a literature review on the negative impact of the COVID-19 pandemic on US industries with the help of historical data. To be more specific, this paper detailedly analyzes two industries (Airlines and Hospitality) that suffer from the COVID-19 pandemic to a greater extent compared with other industries. How government reacts to cope with the recession of these industries is also concluded. However, as the COVID-19 pandemic affects diverse industries in various ways, this paper tends to prove that some industries are actually boosted by the global health crisis by giving evidence from the e-commerce industry and pharmaceutical industry. The result indicates that the COVID-19 pandemic affects US markets in a dissatisfactory but creative way. In short, impacts are mostly negative but positive impacts do occur.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Qingzhi Li AU - Siqi Jia AU - Yitong Chen AU - Feier Yang PY - 2021 DA - 2021/12/15 TI - The Economic Impacts of COVID-19 Pandemic on the U.S. Industries BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 2529 EP - 2533 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.411 DO - 10.2991/assehr.k.211209.411 ID - Li2021 ER -