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The Impact of the Coronavirus (Covid-19) Pandemic on the Global Economy

Author

Listed:
  • Miloud Benkhira

    (Faculty of Economic Sciences, Chlef University (Algeria))

  • Saida Tayeb

    (Faculty of Economic Sciences, Relizane University (Algeria))

Abstract

Today, the world is experiencing the consequences of the spread of the Coronavirus, which affected various sectors, causing a major shock to the global economy, which may indeed lead to a sharp turn in global growth rates for 2020. This is not the first supply shock in the world. Oil shocks of the 1970s, the tsunami of Thailand, the earthquake in Japan in 2011 and others, but all of these shocks and crises had a specific geographical scope without physical expansion, as well as a time frame during which it peaked and then ceased; however, the Coronavirus proved to be uncontrollable, as it spreads throughout the world and has an impact on most economies. There is also no clear time frame during which this epidemic, like other crises in the world, where we have shown in this research paper the effects of the Covid-19 virus on the global economy, this is by virtue of the fact that it has caused panic and volatility in the economies of the countries.

Suggested Citation

  • Miloud Benkhira & Saida Tayeb, 2020. "The Impact of the Coronavirus (Covid-19) Pandemic on the Global Economy," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 2(2Special), pages 10-20, june.
    • Handle: RePEc:alv:journl:v:2:y:2020:i:2special:p:10-20
    DOI: 10.48100/merj.v2i2Special.98
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    More about this item

    Keywords

    World Economy; Crisis; Coronavirus Covid-19;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F02 - International Economics - - General - - - International Economic Order and Integration

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