Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 58 , 20 November 2023
Open
Access | Article
An Analysis of the Impact of the Epidemic on the Economy
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Abstract
COVID-19 has been a very serious problem worldwide, not only causing many deaths but also causing a recession in economic growth and the stable development of society. Therefore, based on existing literature and statistical data, the author analyzed the impact of the epidemic on the economy and the corresponding response measures of enterprises and governments in this situation. This article is divided into two parts. One part elaborates on the isolation and regulatory issues of economics during the Great Depression from both macro and micro perspectives, while the other part explains some solutions from both micro and macro perspectives. In general, COVID-19 has caused many negative factors threatening economic life, such as job opportunities and supply reductions. It has had a certain impact on both agriculture and tourism. Fortunately, the government has taken many measures, such as adopting policies from both macro and micro perspectives. Although COVID-19 contains many negative factors, such as health threats, it also has a positive side, such as promoting technological progress and innovation.
Keywords
COVID-19, economy, agriculture, tourism, fiscal policy
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-207-7
- ISBN (Online)
- 978-1-83558-208-4
- Published Date
- 20 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- Copyright
- 20 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited