Covid Impact on Global Economy

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.