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2020 | OriginalPaper | Chapter

2. Pandemics and Economic Crisis

Authors : Bhaskar Bagchi, Susmita Chatterjee, Raktim Ghosh, Dhrubaranjan Dandapat

Published in: Coronavirus Outbreak and the Great Lockdown

Publisher: Springer Singapore

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Abstract

The spread of the COVID-19 is causing worldwide downturn in economic activity and creating crisis in spheres of life. World has witnessed several crisis situations due to outbreak of epidemic, world wars and financial insurgency. The coronavirus outbreak has already had massive negative implications for the global economies with supply chain disruptions and disintegration across the globe. The positivity of globalization, enjoyed by all the nations, is now disappearing with restrain in movements of both people and product. The consumption of goods and services including energy is plunging throughout the globe.

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Literature
go back to reference Baldwin R (2020) COVID, remobilisation and the ‘stringency possibility corridor’: Creating wealth while protecting health. VoxEU.org, 10 April Baldwin R (2020) COVID, remobilisation and the ‘stringency possibility corridor’: Creating wealth while protecting health. VoxEU.org, 10 April
Metadata
Title
Pandemics and Economic Crisis
Authors
Bhaskar Bagchi
Susmita Chatterjee
Raktim Ghosh
Dhrubaranjan Dandapat
Copyright Year
2020
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-15-7782-6_2