After Effects Of The Covid 19 Pandemic Prospects For Medium Term Economic Damage

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After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage

Mr. Philip Barrett,Mr. Sonali Das,Giacomo Magistretti,Evgenia Pugacheva,Mr. Philippe Wingender
After Effects of the COVID 19 Pandemic Prospects for Medium Term Economic Damage Book PDF

Author : Mr. Philip Barrett,Mr. Sonali Das,Giacomo Magistretti,Evgenia Pugacheva,Mr. Philippe Wingender
Publisher : International Monetary Fund
Page : 23 pages
File Size : 47,5 Mb
Release : 2021-07-30
Category : Business & Economics
ISBN : 9781513587905

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After-Effects of the COVID-19 Pandemic: Prospects for Medium-Term Economic Damage by Mr. Philip Barrett,Mr. Sonali Das,Giacomo Magistretti,Evgenia Pugacheva,Mr. Philippe Wingender Pdf

The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.

Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics

Johannes Emmerling,Davide Furceri,Francisco Líbano Monteiro,Mr. Prakash Loungani,Mr. Jonathan David Ostry,Pietro Pizzuto,Massimo Tavoni
Will the Economic Impact of COVID 19 Persist Prognosis from 21st Century Pandemics Book PDF

Author : Johannes Emmerling,Davide Furceri,Francisco Líbano Monteiro,Mr. Prakash Loungani,Mr. Jonathan David Ostry,Pietro Pizzuto,Massimo Tavoni
Publisher : International Monetary Fund
Page : 38 pages
File Size : 44,7 Mb
Release : 2021-04-30
Category : Business & Economics
ISBN : 9781513582351

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Will the Economic Impact of COVID-19 Persist? Prognosis from 21st Century Pandemics by Johannes Emmerling,Davide Furceri,Francisco Líbano Monteiro,Mr. Prakash Loungani,Mr. Jonathan David Ostry,Pietro Pizzuto,Massimo Tavoni Pdf

COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in disposable income, along with increases in unemployment, income inequality and public debt-to-GDP ratios. Energy use and CO2 emissions dropped, but mostly because of the persistent decline in the level of economic activity rather than structural changes in the energy sector. Applying our empirical estimates to project the impact of COVID-19, we foresee significant scarring in economic performance and income distribution through 2025, which be associated with an increase in poverty of about 75 million people. Policy responses more effective than those in the past would be required to forestall these outcomes.

Productivity and the Pandemic

Philip McCann,Tim Vorley
Productivity and the Pandemic Book PDF

Author : Philip McCann,Tim Vorley
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 53,6 Mb
Release : 2021-01-29
Category : Business & Economics
ISBN : 9781800374607

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Productivity and the Pandemic by Philip McCann,Tim Vorley Pdf

This forward-thinking book examines the potential impacts of the Covid-19 pandemic on productivity. Productivity and the Pandemic features 21 chapters authored by 46 experts, examining different aspects of how the pandemic is likely to impact on the economy, society and governance in the medium- and long-term. Drawing on a range of empirical evidence, analytical arguments and new conceptual insights, the book challenges our thinking on many dimensions. With a keen focus on place, firms, production factors and institutions, the chapters highlight how the pre-existing challenges to productivity have been variously exacerbated and mitigated by the pandemic and points out ways forward for appropriate policy thinking in response to the crisis.

COVID-19 and Society

Mustafa Polat,Serhat Burmaoglu,Ozcan Saritas
COVID 19 and Society Book PDF

Author : Mustafa Polat,Serhat Burmaoglu,Ozcan Saritas
Publisher : Springer Nature
Page : 323 pages
File Size : 43,5 Mb
Release : 2022-11-16
Category : Political Science
ISBN : 9783031131424

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COVID-19 and Society by Mustafa Polat,Serhat Burmaoglu,Ozcan Saritas Pdf

This timely book presents a collection of expert insights into the impacts of COVID-19 in a broader socio-economic context. In each chapter, the authors identify the current impact of COVID-19 by demonstrating transformative signals and project these signals to the future by considering their alternative futures and implications. The book emphasizes that dealing with major global pandemics like COVID-19 requires all countries and regions to take different, but synchronized measures to decrease its socio-economic effects in the short, medium and long run. The consequences of COVID-19 will go beyond medicine to cover all other aspects of life and are bound to change the nature of organizations. Moving beyond the medical viewpoint, the experts in this book discuss the topic from multi-dimensional and multi-disciplinary angles by focusing on the domains of technology, business, finance, marketing, law, public administration, and education.

The Economics of COVID-19

Moosa, Imad A.
The Economics of COVID 19 Book PDF

Author : Moosa, Imad A.
Publisher : Edward Elgar Publishing
Page : 256 pages
File Size : 51,7 Mb
Release : 2021-11-16
Category : Medical
ISBN : 9781800377226

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The Economics of COVID-19 by Moosa, Imad A. Pdf

This timely book explores the neglected risk in the advent of the Covid-19 pandemic, illustrating the ways in which four decades of neoliberal economic and public policy has eroded the functional capacity of states to handle catastrophic events.

Handbook of Research on Challenges in Public Economics in the Era of Globalization

Akkaya, ?ahin,Ergüder, Ba?ak
Handbook of Research on Challenges in Public Economics in the Era of Globalization Book PDF

Author : Akkaya, ?ahin,Ergüder, Ba?ak
Publisher : IGI Global
Page : 480 pages
File Size : 42,7 Mb
Release : 2022-03-18
Category : Business & Economics
ISBN : 9781799890843

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Handbook of Research on Challenges in Public Economics in the Era of Globalization by Akkaya, ?ahin,Ergüder, Ba?ak Pdf

Over time, public goods, services, and policies have been developed for the welfare of people all over the world, and public finance in particular focuses on challenging issues that are significantly important for the common good of humanity. It is a plausible argument that public economics should be focused on dealing with new challenging issues such as global health crises, global warming, and internet architecture. The Handbook of Research on Challenges in Public Economics in the Era of Globalization evaluates a variety of new challenging issues that have directly affected the world economy in terms of the economic units, institutions, and social life. Covering topics such as democratic decentralization, economic instability, and global health issues, this major reference work is a valuable resource for economists, international business leaders, government officials, sociologists, libraries, researchers, academicians, educators, and students.

Recoveries After Pandemics: The Role of Policies and Structural Features

Juan Pablo Cuesta Aguirre,Mrs. Swarnali A Hannan
Recoveries After Pandemics The Role of Policies and Structural Features Book PDF

Author : Juan Pablo Cuesta Aguirre,Mrs. Swarnali A Hannan
Publisher : International Monetary Fund
Page : 40 pages
File Size : 51,6 Mb
Release : 2021-07-09
Category : Business & Economics
ISBN : 9781513583792

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Recoveries After Pandemics: The Role of Policies and Structural Features by Juan Pablo Cuesta Aguirre,Mrs. Swarnali A Hannan Pdf

To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward alleviating suffering and fostering an inclusive recovery. The adverse output effects are limited for countries that provided relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with relatively greater fiscal support and relatively stronger initial conditions (as defined by higher formality, family benefits, and health spending per capita).

World Economic Outlook, April 2024

International Monetary,International Monetary Fund. Research Dept.
World Economic Outlook April 2024 Book PDF

Author : International Monetary,International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 202 pages
File Size : 45,8 Mb
Release : 2024-04-16
Category : Business & Economics
ISBN : 9798400255892

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World Economic Outlook, April 2024 by International Monetary,International Monetary Fund. Research Dept. Pdf

The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022–23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year. Monetary policy should ensure that inflation touches down smoothly, while a renewed focus on fiscal consolidation is needed to rebuild room for budgetary maneuver and to ensure debt sustainability. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.

The Economic Impact of COVID-19

Emily Hudd
The Economic Impact of COVID 19 Book PDF

Author : Emily Hudd
Publisher : ABDO
Page : 51 pages
File Size : 47,8 Mb
Release : 2020-08-01
Category : Juvenile Nonfiction
ISBN : 9781098212940

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The Economic Impact of COVID-19 by Emily Hudd Pdf

Many of the world’s largest economies shut down almost overnight as nations tried to slow the spread of COVID-19. These measures saved lives, but they also cost millions of jobs and shuttered many companies—some temporarily, others forever. The Economic Impact of COVID-19 studies how the pandemic and the fight against it affected every part of the economy, from individuals to huge corporations. Features include a glossary, references, websites, source notes, and an index. Aligned to Common Core Standards and correlated to state standards. Core Library is an imprint of Abdo Publishing, a division of ABDO.

Global Economic Prospects, June 2020

World Bank Group
Global Economic Prospects June 2020 Book PDF

Author : World Bank Group
Publisher : World Bank Publications
Page : 402 pages
File Size : 54,7 Mb
Release : 2020-07-07
Category : Business & Economics
ISBN : 9781464815805

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Global Economic Prospects, June 2020 by World Bank Group Pdf

The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.

The Economic Effects of COVID-19 Containment Measures

Pragyan Deb,Davide Furceri,Jonathan David Ostry,Nour Tawk
The Economic Effects of COVID 19 Containment Measures Book PDF

Author : Pragyan Deb,Davide Furceri,Jonathan David Ostry,Nour Tawk
Publisher : Unknown
Page : 44 pages
File Size : 53,6 Mb
Release : 2020-08-07
Category : Electronic
ISBN : 151355025X

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The Economic Effects of COVID-19 Containment Measures by Pragyan Deb,Davide Furceri,Jonathan David Ostry,Nour Tawk Pdf

Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity--equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.

Bangladesh: Selected Issues

International Monetary,International Monetary Fund. Asia and Pacific Dept
Bangladesh Selected Issues Book PDF

Author : International Monetary,International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 72 pages
File Size : 53,5 Mb
Release : 2022-03-07
Category : Business & Economics
ISBN : 9798400204128

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Bangladesh: Selected Issues by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf

Bangladesh: Selected Issues

World Economic Outlook, October 2022

International Monetary,International Monetary Fund. Research Dept.
World Economic Outlook October 2022 Book PDF

Author : International Monetary,International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 186 pages
File Size : 49,5 Mb
Release : 2022-10-11
Category : Business & Economics
ISBN : 9798400218439

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World Economic Outlook, October 2022 by International Monetary,International Monetary Fund. Research Dept. Pdf

Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation.

Emerging European Economies after the Pandemic

László Mátyás
Emerging European Economies after the Pandemic Book PDF

Author : László Mátyás
Publisher : Springer Nature
Page : 610 pages
File Size : 48,9 Mb
Release : 2022-03-11
Category : Business & Economics
ISBN : 9783030939632

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Emerging European Economies after the Pandemic by László Mátyás Pdf

This edited volume examines the development path of eight Central and Eastern European countries with an overlapping historical background that joined the European Union between 2004 and 2013, and identifies the main similarities and differences between the countries concerned. Based on wide comparative data analysis of Bulgaria, Croatia, The Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia, each chapter in the volume provides detailed information about the state of the economy in a specific area preceding the pandemic shock. The book offers a detailed snapshot of the state of the different areas of the economy, starting from the time when the countries concerned came out of the 2008 financial crisis, up to the date when COVID-19 hit. Further, each chapter analyzes the effects of this unprecedented shock on a particular field, which is followed by highlighting the main problems the countries are facing at present and in the near future, together with identifying the available policy options. Finally, before concluding and making general and country-specific policy recommendations, some thoughts will be given to longer-term prospects. More specifically, the question of how the subject area could contribute to avoiding the "middle-income-trap" that this region may be facing will be addressed. The comprehensive approach makes this volume a must-read for scholars and students of economics, as well as policy decision-makers in Europe, interested in a better understanding of the region's economic development.

World Economic Outlook, October 2023

International Monetary Fund. Research Dept.
World Economic Outlook October 2023 Book PDF

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 182 pages
File Size : 45,9 Mb
Release : 2023-10-10
Category : Business & Economics
ISBN : 9798400235801

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World Economic Outlook, October 2023 by International Monetary Fund. Research Dept. Pdf

The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring inflation to target, while fiscal consolidation is needed to tackle soaring debts. Structural reforms are crucial to revive medium-term growth prospects amid constrained policy space.