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 language | English |
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Article number | 56 |
Journal | Pan African Medical Journal |
Volume | 46 |
DOIs |
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Publication status | Published - 1 Sep 2023 |
Externally published | Yes |
Keywords
- COVID-19
- global
- health
- macro-economy
- recovery