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Pandemics and Economic Crisis

In: Coronavirus Outbreak and the Great Lockdown

Author

Listed:
  • Bhaskar Bagchi

    (University of Gour Banga)

  • Susmita Chatterjee

    (Maharaja Manindra Chandra College)

  • Raktim Ghosh

    (University of Gour Banga)

  • Dhrubaranjan Dandapat

    (University of Gour Banga)

Abstract

The spread of the COVID-19 is causing worldwide downturn in economic activity and creating crisis in spheres of life. World has witnessed several crisis situations due to outbreak of epidemic, world wars and financial insurgency. The coronavirus outbreak has already had massive negative implications for the global economies with supply chain disruptions and disintegration across the globe. The positivity of globalization, enjoyed by all the nations, is now disappearing with restrain in movements of both people and product. The consumption of goods and services including energy is plunging throughout the globe.

Suggested Citation

  • Bhaskar Bagchi & Susmita Chatterjee & Raktim Ghosh & Dhrubaranjan Dandapat, 2020. "Pandemics and Economic Crisis," SpringerBriefs in Economics, in: Coronavirus Outbreak and the Great Lockdown, chapter 2, pages 5-14, Springer.
    • Handle: RePEc:spr:spbchp:978-981-15-7782-6_2
    DOI: 10.1007/978-981-15-7782-6_2
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