Annotated Bibliography
Cutler, D. (2020). How will COVID-19 Affect the health care economy? JAMA, 323(22), 2237-2238. DOI: 10.1001/JAMA.2020.7308
The author discusses the economic and healthcare crisis the COVID-19 pandemic created. The projections drawn in the paper predict a 10 to 25% contraction of the US economy in the second quarter. The writer asserts that the United States has entered a COVID-19 recession. The pandemic's economic effect is attributed to the federal government's failure to provide adequate testing facilities.
Pak, A., Adegboye, O., Adekunle, A., Rahman, K., McBryde, E., & Eisen, D. (2020). Economic consequences of the COVID-19 outbreak: The need for epidemic preparedness. Public Health, 8(241). DOI: 10.3389/fpubh.2020.00241
The author highlights the effect of COVID-19 on the global economy and financial markets. The paper indicates the significant reduction in income, unemployment rise, disruptions in industrial operation, and service rendering due to the measures employed to deal with the pandemic in various countries. An underestimation of the disease spread exhibited by many governments of the world necessitated the employment of very active methods to combat a crisis.
Kabir, M., Afzal, M., Khan, A., & Ahmed, H. (2020). COVID-19 pandemic and economic cost; impact on forcibly displaced people. Travel Medicine and Infectious Disease, 35. DOI: 10.1016/j.tmaid.2020.101661
This paper examines the losses of the world economy due to COVID-19 pandemic. The paper projects an estimation of 1 trillion dollars in costs in 2020, producing a greater financial impact than that of the world's Great Financial Crisis in 2007-2008. The pandemic's economic cost has so affected many nations; some nations are cutting interest rates and revising expenditures to mitigate the effect. This can mean a severing of the donations some countries give to support some United Nations programs.
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C. . ., & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. Int J Surg, 78, 185-193. DOI: 10.1016/j.ijsu.2020.04.018
Several measures imposed by the world governments have restricted activities and movements, which have led to a reduction in the workforce across various economic sectors. Amidst the job loss caused by the event, fears of economic crisis and recession have developed.
Gopalan, H., & Misra, A. (2020). COVID-19 pandemic and challenges for socio-economic issues, healthcare, and National Health Programs in India. Diabetes Metab Syndr, 14(5), 757-759. DOI: 10.1016/j.dsx.2020.05.041
The article explains the pandemic's economic effect on the socio-economic status of India, with a particular focus on the economic downturn of the lower stratum. The statement of the World Economic Forum describes the condition of migrants stuck abroad and the measures such migrants adapt to cope with the situation. This includes the engagement of low wage jobs, the acceptance of poor working conditions, and a restriction on spending, increasing the risk of exposure to diseases such as the coronavirus.
Donthu, N., & Gustafsson, A. (2020). Effects of COVID-19 on business and research. Journal of Business Research, 117, 284-289. https://doi.org/10.1016/j.jbusres.2020.06.008
The paper is focused on the severe economic impact of the pandemic on all the countries of the world. The effect has extended beyond the economy and unto society, changing how businesses act and consumer behavior. The authors examine the global effort to address the effects of the pandemic on society.
Shrestha, N., Shad, M., Ulvi, O., Khan, M., Karamehic-Muratovic, A., Nguyen, U. . ., & Haque, U. (2020). The impact of COVID-19 on globalization. One Health. Retrieved from https://www.sciencedirect.com/science/article/pii/S2352771420302810
The researchers identify the influences on economic growth due to the COVID-19 outbreak. The pandemic's sudden occurrence and the measures implemented…
