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The Covid-19 pandemic lockdown: Curtailing the negative economic impacts

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  • Wale-Awe, Olawale Isaac

    (Strides Educational Foundation)

Abstract

This paper traces the history of pandemics over the last 2,000 years and determines the adverse economic effects of the current Covid-19 on the ten largest economies in the world today, bringing out an association between economic development and the spread of the virus by using GDP, manufacturing exports and deaths as percentage of reported cases. Public and private sector policy measures to resolve the crisis and return to a new normalcy are the hallmarks of the recommendations for governments and firms. It is concluded that the genetic instincts of homo sapiens to survive would help in the battle to rescue the world economy from the doldrums.

Suggested Citation

  • Wale-Awe, Olawale Isaac, 2020. "The Covid-19 pandemic lockdown: Curtailing the negative economic impacts," BizEcons Quarterly, Strides Educational Foundation, vol. 8, pages 3-14.
    • Handle: RePEc:ris:buecqu:0016
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    References listed on IDEAS

    as
    1. Evans, Olaniyi, 2020. "Socio-economic impacts of novel coronavirus: The policy solutions," BizEcons Quarterly, Strides Educational Foundation, vol. 7, pages 3-12.
    2. Andrew Atkeson, 2020. "What Will be the Economic Impact of COVID-19 in the US? Rough Estimates of Disease Scenarios," Staff Report 595, Federal Reserve Bank of Minneapolis.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Covid-19; Economic impact; Policy measures; World economy;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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