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Five Basic Insights into the Economic Impact of the COVID-19 Outbreak

Author

Listed:
  • Jun Zhang

    (School of Economics and China Center for Economic Research, Fudan University, Shanghai 200433, China)

Abstract

This article analyzes the economic impact of the COVID-19 outbreak, and puts forward with five basic insights concerning the degree of the impact, its duration, its key areas, and its quantitative calculation, among other aspects. The article holds that it is necessary to have a more objective understanding and judgement of how the virus affects the economy, particularly gross domestic product (GDP) growth for 2020Q1 and the entire year. Only on the basis of reasonable analysis can we better grasp measures required to cope with the economic impact, combined with more targeted policy launch and adjustment, so as to speed economic recovery to its normal level.

Suggested Citation

  • Jun Zhang, 2020. "Five Basic Insights into the Economic Impact of the COVID-19 Outbreak," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 15(2), pages 167-178, June.
    • Handle: RePEc:fec:journl:v:15:y:2020:i:2:p:167-178
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-011-020-0008-8
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    Citations

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    Cited by:

    1. Juan Antonio Galán-Gutiérrez & Rodrigo Martín-García, 2022. "Fundamentals vs. Financialization during Extreme Events: From Backwardation to Contango, a Copper Market Analysis during the COVID-19 Pandemic," Mathematics, MDPI, vol. 10(4), pages 1-23, February.
    2. Galán-Gutiérrez, Juan Antonio & Labeaga, José M. & Martín-García, Rodrigo, 2023. "Cointegration between high base metals prices and backwardation: Getting ready for the metals super-cycle," Resources Policy, Elsevier, vol. 81(C).
    3. Nana Liu & Zeshui Xu & Marinko Skare, 2021. "The research on COVID-19 and economy from 2019 to 2020: analysis from the perspective of bibliometrics," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 217-268, June.
    4. Dai, Darong & Tian, Guoqiang, 2021. "Toward longer investment: Is an inclusive regime always better than an authoritarian one?," Economic Modelling, Elsevier, vol. 98(C), pages 41-68.

    More about this item

    Keywords

    COVID-19 outbreak; economic growth; supply chain; medium-; small-and micro-sized enterprises (MSMEs);
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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