Covid Impact on Global Economy

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Covid Impact on Global Economy

Authors

Andrew Zhe Chen

Rubric:World economy
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Annotation

Millions of people lost their jobs and small businesses, hospitals and medical care professionals experienced unprecedented hardships, children all over the world face the loss of family members and the psychological consequences of the isolation from remote learning… just to name a few aftermath caused by the pandemic. This paper aims to draw insights from analyzing the pandemic data. The data used in this study includes 210 countries concerning the impact of covid-19 on the global economy. 6 feature indicators including 4 economic indicators and COVID-19 Total Cases (TC) and Total Deaths (TD). The economic indicators are Human Development Index (HDI), Stringency Index (STI), Population (POP), and Gross Domestic Product per capita (GDPCAP). The Organization for Economic Co-operation and Development (OECD) unemployment data is also included in the analysis, which includes 38 member countries’ unemployment values from January 2020 to October 2020. From these key dimensions of global development, lessons can be learned to aid government officials in response to future pandemics.

Keywords

Covid19
economic indicator
impact
employment
global economy

Authors

Andrew Zhe Chen

References:

  1. Human Development Index (HDI) // URL:https://hdr.undp.org/en/content/human-development-index-hdi (Access date March 12, 2022)
  2. A global panel database of pandemic policies (Oxford COVID-19 Government Response Tracker) // URL: https://www.nature.com/articles/s41562-021-01079-8 A global panel database of pandemic policies (Access date March 12, 2022)
  3. OECD. From Wikipedia, the free encyclopedia // URL: https://en.wikipedia.org/wiki/OECD (Access date March 12, 2022)
  4. COVID-19 Stringency Index, Mar 30, 2022 // URL: https://ourworldindata.org/grapher/covid-stringency-index (Access date March 30, 2022)
  5. GDP per capita (current US$). World Bank national accounts data, and OECD National Accounts data files // URL: https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2020&start=2007 (Access date March 12, 2022)
  6. Impact of Covid-19 Pandemic on the Global Economy. Emphasis on Poverty Alleviation and Economic Growth // URL: https://www.kaggle.com/shashwatwork/impact-of-covid19-pandemic-on-the-global-economy  (Access date March 20, 2022)

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