COVID-19 pandemic and the global economic situation: a year on

Kwame Adjei-Mantey, Anthony Amoah, Benjamin Amoah, Rexford Kwaku Asiama

Research output: Contribution to journalComment/debate

Abstract

A year after the World Health Organization´s declaration of the novel COVID-19 as a pandemic, the global macro-economic landscape has experienced severe shocks. As a result, developed and developing countries have been saddled with intense economic uncertainties. In this study, we discuss the global macro-economic environment during the pandemic declaration period and juxtapose it with the one-year post-pandemic declaration. The evidence shows significant negative impacts on macro-economic variables in the year of the declaration. However, signs of recovery are evident a year on, albeit slowly. To sustain and accelerate the recovery gains, we suggest that strategic macro-management policies are designed and strictly implemented. Anything short of this will see especially fragile countries plunged into an “economic abyss” with severe sociopolitical implications.

Original languageEnglish
Article number56
JournalPan African Medical Journal
Volume46
DOIs
Publication statusPublished - 1 Sep 2023
Externally publishedYes

Keywords

  • COVID-19
  • global
  • health
  • macro-economy
  • recovery

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