Work

Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness

Year: 2020

Type: article

Abstract: COVID-19 is not only a global pandemic and public health crisis; it has also severely affected the global economy and financial markets. Significant reductions in income, a rise in unemployment, and disruptions in the transportation, service, and manufacturing industries are among the consequences of the disease mitigation measures that have been implemented in many countries. It has become clear that most governments in the world underestimated the risks of rapid COVID-19 spread and were mostly reactive in their crisis response. As disease outbreaks are not likely to disappear in the near future, proactive international actions are required to not only save lives but also protect economic prosperity.

Source: Frontiers in Public Health

DOI: 10.3389/fpubh.2020.00241

Authors: Anton Pak, Oyelola A. Adegboye, Adeshina I. Adekunle, Kazi M. Rahman, Emma S. McBryde, Damon P. Eisen

Institutions: Australian Institute of Tropical Health and Medicine, James Cook University, The University of Sydney

Language: English

Topic: COVID-19 Pandemic Impacts

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: gold

Estimated APC paid: $2,490