Economic Robustness Under Current Covid-19 Pandemic

The paper analyzes the reaction of an economy against the current covid-19 pandemic. The analysis covers many economies, both advanced and developing ones, with a focal point on the Vietnam economy. Methodology: The research method employs a quantitative analysis based on data analysis of Vietnam economy over 2010-2022, covering the current Covid-19 pandemic. Moreover, the method also uses a qualitative analysis based on reviewing the recent literature on the recovery of economies after the pandemic. Findings: The paper shows that the pattern of robustness is different across economies. Some economies experience a sharp reduction in economic growth with a substantial recovery while others have both a less decrease in economic growth but with slow recovery. Moreover, the pandemic also results in a more vulnerable economy against unexpected shocks. Implications: The government needs to provide a more stimulating fiscal package to enhance the robustness of an economy against the pandemic. In particular, the package can be oriented directly to low-income households, and small business firms.