Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.1952640
A comparative analysis of COVID-19 and global financial crises: evidence from US economy
Zongyun Li
Panteha Farmanesh
Dervis Kirikkaleli
Rania Itani
Sažetak
The COVID-19 crisis has had deep adverse effects on a global
level, affecting many economies and worsening their conditions
which may have led to severe recession or even depression. The
numbers of positive cases have risen sharply over the last few
months, and the fatalities have also reached their peak. This study
aims to examine the impact of the global financial crisis, and the
COVID-19 pandemic on the macroeconomic variables of the US
economy. It also provides an understanding in a descriptive format, to analyze and compare the global financial crisis and
COVID-19 pandemic, in a tabulated and graphical format. For analysis purposes, the tables and average method have been used.
For the graphical formats, charts have been used for the later
year of 2008, and the beginning of the 2009 global financial crisis.
The first six months of the spread of the COVID-19 pandemic
have also been taken into consideration. The results have confirmed that the current COVID-19 pandemic shows more severity
in terms of economic activity, than the global financial crisis had
experienced. Moreover, the impact of the crisis on the recession
probabilities in the current pandemic is lower than that at the
time of the global financial crisis.
Ključne riječi
COVID-19; economic activities; global financial crises; pandemic; recession; US
Hrčak ID:
302280
URI
Datum izdavanja:
31.3.2023.
Posjeta: 1.673 *