ARCHIVES
VOL. 8, ISSUE 3 (2023)
COVID-19's Impact on the economies of developed and underdeveloped countries
Authors
Sonam, Sandeep Kumar
Abstract
A number of
economies have been negatively impacted by the COVID-19 problem, which may have
worsened their situations and triggered a severe recession or even depression. Over
the past few months, the number of positive cases has dramatically increased,
and the number of fatalities has also peaked. This study attempts to
investigate the effects of the COVID-19 epidemic and the global financial
crisis on key macroeconomic indicators of the US economy. Additionally, it
offers a detailed explanation of the global financial crisis and the COVID-19
epidemic in a tabular and graphical style. The tables and average approach have
been used for analysis. Also considered were the first six months of the
COVID-19 pandemic's spread. According to the findings, the present COVID-19
epidemic is more severe than previously thought than the period before the
world financial crisis had seen in terms of economic output. Additionally,
compared to the time of the global financial crisis, the influence of the
crisis on the likelihood of a recession during the current pandemic is less.
Download
Pages:1-6
How to cite this article:
Sonam, Sandeep Kumar "COVID-19's Impact on the economies of developed and underdeveloped countries". International Journal of Multidisciplinary Education and Research, Vol 8, Issue 3, 2023, Pages 1-6
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.