Impact of Covid-19 on Global Economy

Main Article Content

Venkatesh R.
Abigail S.
Selva Kumar D.


The effects of the CoVD-19 pandemic on the global economy were studied in this study. Statistics from throughout the world, the cost of oil, government responses, and stock market information were analysed for Covid-19. More than 200 countries have been found to be infected with Covid-19, and the economic impact may outlast any negative health effects. To put it another way, it was a disaster for the economies of oil-dependent countries. To put it another way, the shock of Covid-19 isn't going to have as much of an impact on the spread as the severe steps used to stop it. These results suggest that governments should coordinate on the creation of medical procedures to curb the disease's spread, as well as economic policies aimed at the productive sectors of the economy. In order to alleviate the suffering of consumers and businesses, greater aid will be needed.

Article Details

How to Cite
R., V., S., A., & Kumar D., S. . (2023). Impact of Covid-19 on Global Economy. Journal of Coastal Life Medicine, 11(1), 149–155. Retrieved from


Salisu, A. A., et al. (2020). Revisiting oil-stock nexus during COVID-19 pandemic: Some preliminary results. International Review of Economics & Finance, 69, 280-294.

Nicola, M., et al. (2020). The socio-economic implications of the coronavirus and covid-19 pandemic: A review. International Journal of Surgery,78, 185 - 193

Phan, D. H. B. and Narayan, P. K. (2020). Country responses and the reaction of the stock market to COVID-19: A preliminary exposition. Emerging Markets Finance and Trade, 56(10), 2138-2150.

Liu, H., et al. (2020). The COVID-19 outbreak and affected countries stock markets response. International Journal of Environmental Research and Public Health 17(8), 2800. Available at

Zhang, D., et al. (2020). Financial markets under the global pandemic of COVID-19. Finance Research Letters 36, 101528. Available at

Akira Toda, A. (2020). Susceptible-Infected-Recovered (SIR) Dynamics of COVID-19 and Economic Impact. arXiv: 2003.11221 Available at

Ngwakwe, C. C. (2020). Effect of COVID-19 Pandemic on Global Stock Market Values: A Differential Analysis. Acta Universitatis Danubius. Economica 16(2), 255 – 269

Baldwin, R. and Weder di Mauro, B. (2020). Economics in the Time of COVID-19. London, CEPR Press

Ozili, P. K. and Arun, T. (2020). Spillover of COVID-19: Impact on the Global Economy. SSRN: 27. Available at

Salisu, A. A. and Vo, X.V. (2020). Predicting stock returns in the presence of COVID-19 pandemic: The role of health news. International Review of Financial Analysis 71: 101546. Available at

Ashraf, B. N. (2020). Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets. Journal of Behavioral and Experimental Finance, 27, 100371. Available at

Fernandes, N. (2020). Economic effects of coronavirus outbreak (COVID-19) on the world economy. Available at

McKibbin, W. and Fernando, R. (2020). The economic impact of COVID-19. Economics in the Time of COVID-19. R. Baldwin and B. Weder di Mauro (eds). London, CEPR Press

Worldometers. Available at

McKibbin, W. J. and Fernando, R. (2020). The global macroeconomic impacts of COVID-19: Seven scenarios. CAMA working paper No.19/2020. Available at

Weder di Mauro, B. (2020). Macroeconomics of the flu. Economics in the Time of COVID-19. R. B. Baldwin and B. Weder di Mauro (eds). London, CEPR Press

Brewer, M. and Tasseva, I. (2020). Did the UK policy response to Covid-19 protect household incomes? SSRN 3628464. Available at

Berg, J., et al. The labour market policy response to COVID-19 must leverage the power of age. Available at

Baker, S. R., et al. (2020). The unprecedented stock market reaction to COVID-19. The Review of Asset Pricing Studies, raaa008. Available at

Cochrane, J. H. (2020). Flatten the Coronavirus Curve at a Lower Costs. Wall Street Journal, March 25

Wagner, A. F. (2020). What the stock market tells us about the post-COVID-19 world. Nature Human Behaviour, 4(5), 440-440.

Boone, L. (2020). Tackling the fallout from COVID-19. Economics in the Time of COVID-19. R. Baldwin and B. Weder di Mauro (eds). London, CEPR Press