The socio-economic implications of the coronavirus pandemic (COVID-19): A review - PubMed (original) (raw)

Review

The socio-economic implications of the coronavirus pandemic (COVID-19): A review

Maria Nicola et al. Int J Surg. 2020 Jun.

Abstract

The COVID-19 pandemic has resulted in over 4.3 million confirmed cases and over 290,000 deaths globally. It has also sparked fears of an impending economic crisis and recession. Social distancing, self-isolation and travel restrictions have lead to a reduced workforce across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured products has decreased. In contrast, the need for medical supplies has significantly increased. The food sector is also facing increased demand due to panic-buying and stockpiling of food products. In response to this global outbreak, we summarise the socio-economic effects of COVID-19 on individual aspects of the world economy.

Keywords: COVID-19; Coronavirus; Economic impact; Economy; SARS-CoV-2.

Copyright © 2020 IJS Publishing Group Ltd. Published by Elsevier Ltd. All rights reserved.

PubMed Disclaimer

Conflict of interest statement

Declaration of competing interest No conflicts of interest.

Figures

Fig. 1

Fig. 1

Global impact of COVID-19 on school closures. Figure produced by UNESCO [21].

Comment in

References

    1. Resilient leadership responding to COVID-19 | deloitte insights. https://www2.deloitte.com/global/en/insights/economy/covid-19/heart-of-r... [Internet]. [cited 2020 Mar 20]. Available from:
    1. Reuters. ECB Asset Purchase Programme Boosts Euro. The Guardian; 2020 Mar 19. https://www.theguardian.com/world/2020/mar/19/ecb-asset-purchase-program... [Internet] [cited 2020 Mar 20]; Available from:
    1. Sohrabi C., Alsafi Z., O'Neill N., Khan M., Kerwan A., Al-Jabir A. World Health Organization declares global emergency: a review of the 2019 novel coronavirus (COVID-19) Int. J. Surg. 2020 Apr;76:71–76. - PMC - PubMed
    1. Loeb AB Avi. Flattening the COVID-19 curves. https://blogs.scientificamerican.com/observations/flattening-the-covid-1... [Internet]. Scientific American Blog Network, [cited 2020 Mar 20]. Available from:
    1. Coronavirus: travel restrictions, border shutdowns by country | Coronavirus pandemic News. https://www.aljazeera.com/news/2020/03/coronavirus-travel-restrictions-b... Al Jazeera, [Internet]. [cited 2020 Mar 20]. Available from:

Publication types

MeSH terms

LinkOut - more resources