Abstract

The COVID-19 pandemic has resulted in over 4.3 million confirmed cases and over 290,000 deaths globally. It has also sparked fears of an impending economic crisis and recession. Social distancing, self-isolation and travel restrictions have lead to a reduced workforce across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured products has decreased. In contrast, the need for medical supplies has significantly increased. The food sector is also facing increased demand due to panic-buying and stockpiling of food products. In response to this global outbreak, we summarise the socio-economic effects of COVID-19 on individual aspects of the world economy.

Keywords

PandemicCoronavirus disease 2019 (COVID-19)RecessionSocial distanceOutbreakSevere acute respiratory syndrome coronavirus 2 (SARS-CoV-2)2019-20 coronavirus outbreakIsolation (microbiology)WorkforceMedicineGlobal recessionEconomic sectorDevelopment economicsCoronavirusEconomic growthEconomicsVirologyEconomy

MeSH Terms

BetacoronavirusCOVID-19CommerceCoronavirusCoronavirus InfectionsEmploymentFood SupplyHumansPandemicsPneumoniaViralSARS-CoV-2Socioeconomic Factors

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Publication Info

Year
2020
Type
review
Volume
78
Pages
185-193
Citations
6329
Access
Closed

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Cite This

Maria Nicola, Zaid Alsafi, Catrin Sohrabi et al. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery , 78 , 185-193. https://doi.org/10.1016/j.ijsu.2020.04.018

Identifiers

DOI
10.1016/j.ijsu.2020.04.018
PMID
32305533
PMCID
PMC7162753

Data Quality

Data completeness: 86%