THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC

COVID-19 has infected the entire global economy and has already made tens of millions of unemployed worldwide. The COVID-19 pandemic is causing more and more fears about the great economic and social crisis that will hit the planet. World Bank experts are talking about the "deepest" recess...

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Autores principales:	Alina HAGIU, Marinelea BARBULESCU
Formato:	article
Lenguaje:	EN
Publicado:	Publishing house of University of Pitesti, Romania 2020
Materias:	economic evolutions crisis coronavirus effects solutions. Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/78346e37dacd4fc6882b8c7aca431db5
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spelling	oai:doaj.org-article:78346e37dacd4fc6882b8c7aca431db52021-11-25T11:54:31ZTHE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC1583-18092344-4908https://doaj.org/article/78346e37dacd4fc6882b8c7aca431db52020-12-01T00:00:00Zhttp://economic.upit.ro/RePEc/pdf/2020_3_2.pdfhttps://doaj.org/toc/1583-1809https://doaj.org/toc/2344-4908COVID-19 has infected the entire global economy and has already made tens of millions of unemployed worldwide. The COVID-19 pandemic is causing more and more fears about the great economic and social crisis that will hit the planet. World Bank experts are talking about the "deepest" recession since World War II and the worst economic crisis on the planet in 150 years. And the signs of the "economic apocalypse" are already everywhere. Nearly half of Filipino adults, or more than 27 million people, are currently unemployed as a result of the economic crisis caused by the coronavirus pandemic. Japan's economy, the world's third-largest economy, has seen the most dramatic economic downturn in history. The US unemployment rate continues to be the highest in the last 70 years, while the economy is also experiencing historic declines. And this is just the "first wave": analysts warn that the real economic crisis will hit at the end of 2020. For Romania, the economic forecasts for autumn 2020 show that GDP will fall by 5.2% in 2020 and increase by about 3 , 3% in 2021, and 3.8% in 2022, respectively. In this paper we aim to present the effects that the coronavirus pandemic has had so far on the world economy and in Romania in particular along with a presentation of the main forecasts regarding economic developments in the current context.Alina HAGIU Marinelea BARBULESCU Publishing house of University of Pitesti, Romaniaarticleeconomic evolutionscrisiscoronaviruseffectssolutions.Economic theory. DemographyHB1-3840ENBuletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice, Vol 19, Iss 3, Pp 13-24 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	economic evolutions crisis coronavirus effects solutions. Economic theory. Demography HB1-3840
spellingShingle	economic evolutions crisis coronavirus effects solutions. Economic theory. Demography HB1-3840 Alina HAGIU Marinelea BARBULESCU THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
description	COVID-19 has infected the entire global economy and has already made tens of millions of unemployed worldwide. The COVID-19 pandemic is causing more and more fears about the great economic and social crisis that will hit the planet. World Bank experts are talking about the "deepest" recession since World War II and the worst economic crisis on the planet in 150 years. And the signs of the "economic apocalypse" are already everywhere. Nearly half of Filipino adults, or more than 27 million people, are currently unemployed as a result of the economic crisis caused by the coronavirus pandemic. Japan's economy, the world's third-largest economy, has seen the most dramatic economic downturn in history. The US unemployment rate continues to be the highest in the last 70 years, while the economy is also experiencing historic declines. And this is just the "first wave": analysts warn that the real economic crisis will hit at the end of 2020. For Romania, the economic forecasts for autumn 2020 show that GDP will fall by 5.2% in 2020 and increase by about 3 , 3% in 2021, and 3.8% in 2022, respectively. In this paper we aim to present the effects that the coronavirus pandemic has had so far on the world economy and in Romania in particular along with a presentation of the main forecasts regarding economic developments in the current context.
format	article
author	Alina HAGIU Marinelea BARBULESCU
author_facet	Alina HAGIU Marinelea BARBULESCU
author_sort	Alina HAGIU
title	THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
title_short	THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
title_full	THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
title_fullStr	THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
title_full_unstemmed	THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC
title_sort	economic effects of the coronavirus pandemic
publisher	Publishing house of University of Pitesti, Romania
publishDate	2020
url	https://doaj.org/article/78346e37dacd4fc6882b8c7aca431db5
work_keys_str_mv	AT alinahagiu theeconomiceffectsofthecoronaviruspandemic AT marineleabarbulescu theeconomiceffectsofthecoronaviruspandemic AT alinahagiu economiceffectsofthecoronaviruspandemic AT marineleabarbulescu economiceffectsofthecoronaviruspandemic
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THE ECONOMIC EFFECTS OF THE CORONAVIRUS PANDEMIC

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