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01 · ABSTRACT

Abstract

In the most recent Covid-19 pandemic, there was historical economic pressure placed on the world. Countries and governments were required to prepare themselves for the upcoming economic shock that would close the doors to businesses, halt gross domestic product (GDP) growth, and spike inflation rates. The four countries of the United States, the United Kingdom, Singapore, and Australia all produced some methods of early economic response to the Covid-19 Pandemic. However, not all parameters taken towards mitigating the pandemic economic effects proved effective. In order to understand how effective some of these responses were, each country's Gross Domestic Product, Inflation Rate, Gross National Income, Unemployment Rate, and Manufacturing output were tracked along with the recorded cases and deaths from Covid-19. In addition, each country's pre-pandemic responses were also identified to understand how these countries reacted in preparation for the pandemic and to determine if those responses were effective. The data shows in the varying conditions that countries which was suffering from a falling gross domestic product growth rate and a relatively meager inflation rate were significantly bolstered by the pandemic to much more favorable levels without much shock to unemployment. The research also discovered the negative relationship between the pandemic prevention polices and potential economic growth.

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02 · PUBLICATION RECORD

Article details

JournalMedical Research Archives
IssueVol 11 No 1 (2023): January Issue, Vol.11 Issue 1
SectionResearch Articles
Published31 January 2023
DOI10.18103/mra.v11i1.3502
ISSN2375-1924
03 · RIGHTS & REUSE

Rights & reuse

This article is published under a Creative Commons Attribution License (CC BY 3.0) and may be shared or distributed by anyone as long as attribution is given to the journal.

Authors & affiliations

BS

Brandon Supple

BBA Candidate, School of Business, Southern Connecticut State University

JY

Jia Yu, PhD

Associate Professor of Economics, School of Business, Southern Connecticut State University

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