The global economy during covid-19 pandemic: realizations and predictions

Basit Öğe Kaydı
dc.contributor.authorSever, Erşan
dc.contributor.authorAy, Merve
dc.date.accessioned2025-10-14T06:24:29Z
dc.date.available2025-10-14T06:24:29Z
dc.date.issued2021
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractThe COVID-19 crisis, which has been severely hitting the world economy for more than a year, has left the whole world to deal with first health, then economic, and lastly social problems. In that regard, the COVID-19 crisis has outpaced the 1929 Depression, which was the biggest contraction in the world economic history. This study discusses the macroeconomic effects of the COVID-19 outbreak on the global economy. In this context, we discuss the mechanisms by which a pandemic in the health field slows down the functioning of the economy. Then, we analyze the effects of the crisis on households. The effects of the pandemic are discussed in a group of countries that differ according to their level of development. Struggling with the COVID-19 crisis, all countries have intervened in the market through monetary and financial instruments. Countries’ monetary policy decisions affect other countries’ macroeconomic outlook. Therefore, in this study, the monetary and fiscal policy decisions taken by country groups during the pandemic are discussed according to their development levels. With the increasing spread of the pandemic, supply and demand shocks are seen within countries and thus economic contractions occur. Since this contraction influences all large and narrow scale businesses within a short period, the companies dismissed workers which resulted in an alarming increase in unemployment rates all over the world. With the weakening of international trade in this process, the world economy has experienced a recession that cannot be recovered for many years.
dc.identifier.endpage152
dc.identifier.isbn978-363185728-1
dc.identifier.scopus2-s2.0-85125316208
dc.identifier.startpage125
dc.identifier.urihttps://hdl.handle.net/20.500.12451/14739
dc.indekslendigikaynakScopus
dc.institutionauthorSever, Erşan
dc.institutionauthorAy, Merve
dc.language.isoen
dc.publisherPeter Lang AG
dc.relation.ispartofThe Effects of the Global Pandemic Process on the Social and Economic Structure and Public Policies in Combating the Pandemic
dc.relation.publicationcategoryKitap - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectCOVID-19 Pandemic
dc.subjectEconomic Recession
dc.subjectGlobal Macroeconomic Outlook
dc.titleThe global economy during covid-19 pandemic: realizations and predictions
dc.typeBook Chapter

Dosyalar

Lisans paketi
Listeleniyor 1 - 1 / 1
[ X ]
İsim:
license.txt
Boyut:
1.17 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
İndir

Koleksiyon

Kitap Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu