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Effect of Covid-19 in Jordan: Conceptual Analysis of Different Economic Sectors

Author

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  • Saddam Ali Shatnawi
  • Bilal Khalaf Sakarneh

Abstract

Jordan, similar to other nations around the globe, has been severely affected by the COVID-19 pandemic cut across Jordanian service, banking, insurance, and industrial sectors. The spread of the virus and attempts to control it have generated both social and economic turbulence, turmoil, disorder, uncertainty, and uneasiness in the country. The government of Jordan acted promptly in March 2020 by ordering a national lockdown to mitigate the impact of COVID-19 on these economic sectors. The COVID-19 has had both direct and indirect negative effects on these sectors, which are projected to vary from the short to the long term. It is possible to measure the short-term effects as seen in this conceptual work. Some of the short-term effects anticipated include economic recession, high unemployment rate, high inflation, etc. In conclusion, these sectors will continue to encounter challenges because of the ongoing economic slowdown in Jordan due to lockdown and other social measures put in place by the government. Currently, there is yet to be a tentative and complete statistical prediction of the negative economic effects and cost of COVID-19 in Jordan, particularly on its sectors of the economy.

Suggested Citation

  • Saddam Ali Shatnawi & Bilal Khalaf Sakarneh, 2021. "Effect of Covid-19 in Jordan: Conceptual Analysis of Different Economic Sectors," Business and Economic Research, Macrothink Institute, vol. 11(2), pages 266-278, June.
    • Handle: RePEc:mth:ber888:v:11:y:2021:i:2:p:266-278
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    References listed on IDEAS

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    Cited by:

    1. Rasha Istaiteyeh, 2024. "Short-and Long-run Influence of COVID-19 on Jordan's Economy," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 14(1), pages 1-1.

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    More about this item

    Keywords

    Banking; COVID-19; Industrial; Insurance; Jordan; Service;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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