Running head: COVID-19 AND ECONOMICS IN THE NEWS
1
COVID-19 and Economics in the News
Student’s Name
Institutional Affiliation
, COVID-19 AND ECONOMICS IN THE NEWS
2
COVID-19 and Economics in the News
Summary
The COVID-19 pandemic has had a significant impact on the economic development
of countries around the world since it first became a global menace in 2019 in Wuhan, China.
The associated lockdowns and cessation of movements in most countries where the pandemic
has caused massive, and numerous deaths have led to unprecedented economic costs as
countries try to cope with it. Using high-frequency indicators, it is evident that several sectors
have been affected by the pandemic. Others are being forced to other to new measures to
meet their rising demands. Several articles have been written to obverse and outline some of
the economic impacts of COVID-19 pandemic on various sectors and the possible future
implications. According to Alvarez, Argente & Lippi (2020), the article argues that the
COVID pandemic has affected several sectors across the world, leading to a robust impact on
the economy. For instance, the authors say that the transport sectors have been drastically
affected by the pandemic. Most countries have locked their international and even local
transport systems to coffer the possible spread of the virus. The global and regional air
transport has been discussed at large in these articles as authors maintain that since the virus
was first realized, many countries had experienced massive stagnation in the air transport
(Çakmaklı et al. 2020). Additionally, since the outbreak of the pandemic, the most business
has stopped, and companies closed due prevent the possible spread of the virus (Ghebreyesus,
2020). According to Chen et al. (2020), as opposed to the standard working system where
people could work in organizations and companies, the outbreak has led to significant
dependence on working from home, leading to a massive collapse of the businesses and
companies. However, the health and technology sectors have been recorded to have had
1
COVID-19 and Economics in the News
Student’s Name
Institutional Affiliation
, COVID-19 AND ECONOMICS IN THE NEWS
2
COVID-19 and Economics in the News
Summary
The COVID-19 pandemic has had a significant impact on the economic development
of countries around the world since it first became a global menace in 2019 in Wuhan, China.
The associated lockdowns and cessation of movements in most countries where the pandemic
has caused massive, and numerous deaths have led to unprecedented economic costs as
countries try to cope with it. Using high-frequency indicators, it is evident that several sectors
have been affected by the pandemic. Others are being forced to other to new measures to
meet their rising demands. Several articles have been written to obverse and outline some of
the economic impacts of COVID-19 pandemic on various sectors and the possible future
implications. According to Alvarez, Argente & Lippi (2020), the article argues that the
COVID pandemic has affected several sectors across the world, leading to a robust impact on
the economy. For instance, the authors say that the transport sectors have been drastically
affected by the pandemic. Most countries have locked their international and even local
transport systems to coffer the possible spread of the virus. The global and regional air
transport has been discussed at large in these articles as authors maintain that since the virus
was first realized, many countries had experienced massive stagnation in the air transport
(Çakmaklı et al. 2020). Additionally, since the outbreak of the pandemic, the most business
has stopped, and companies closed due prevent the possible spread of the virus (Ghebreyesus,
2020). According to Chen et al. (2020), as opposed to the standard working system where
people could work in organizations and companies, the outbreak has led to significant
dependence on working from home, leading to a massive collapse of the businesses and
companies. However, the health and technology sectors have been recorded to have had
