Economic consequences of the COVID-19 outbreak: the need for epidemic preparedness

Pak, Anton, Adegboye, Oyelola A., Adekunle, Adeshina I., Rahman, Kazi M., McBryde, Emma S., and Eisen, Damon P. (2020) Economic consequences of the COVID-19 outbreak: the need for epidemic preparedness. Frontiers in Public Health, 8. 241.

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Abstract

COVID-19 is not only a global pandemic and public health crisis; it has also severely affected the global economy and financial markets. Significant reductions in income, a rise in unemployment, and disruptions in the transportation, service, and manufacturing industries are among the consequences of the disease mitigation measures that have been implemented in many countries. It has become clear that most governments in the world underestimated the risks of rapid COVID-19 spread and were mostly reactive in their crisis response. As disease outbreaks are not likely to disappear in the near future, proactive international actions are required to not only save lives but also protect economic prosperity.

Item ID: 63374
Item Type: Article (Research - C1)
ISSN: 2296-2565
Copyright Information: © 2020 Pak, Adegboye, Adekunle, Rahman, McBryde and Eisen. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY).
Date Deposited: 09 Aug 2020 23:32
FoR Codes: 44 HUMAN SOCIETY > 4407 Policy and administration > 440706 Health policy @ 50%
38 ECONOMICS > 3801 Applied economics > 380108 Health economics @ 25%
32 BIOMEDICAL AND CLINICAL SCIENCES > 3202 Clinical sciences > 320211 Infectious diseases @ 25%
SEO Codes: 92 HEALTH > 9204 Public Health (excl. Specific Population Health) > 920499 Public Health (excl. Specific Population Health) not elsewhere classified @ 40%
92 HEALTH > 9202 Health and Support Services > 920206 Health Policy Economic Outcomes @ 30%
92 HEALTH > 9201 Clinical Health (Organs, Diseases and Abnormal Conditions) > 920109 Infectious Diseases @ 30%
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