The Cost of COVID-19: Worldwide Impact
The impact of COVID-19 has affected the economy on an international scale. This exhibit depicts how the global economy has been impacted by the pandemic. The first item, Impact of Coronavirus on Stock Markets since the start of the Outbreak, is a set of graphs that show how the world's economy has fallen since the beginning of the outbreak. While the path to recovery has been slow and steady, it has yet to return to how it was before the virus broke out.
The second item, Zoom stock downgraded by JPMorgan after 505% rally on concerns a COVID-19 vaccine could dent further upside, details how the emergence of a vaccine could impact Zoom Video's stock value. Thousands of people have been relying on Zoom for business and education purposes all over the world, but the vaccine could end this as more people are able to meet face to face.
The third item, Economic consequences of Covid-19: A counterfactual multi-country analysis, is a study done analysing the effects of the coronavirus on the global economy. The results of this analysis show that the global recession will be long lasting, with no country escaping its impact regardless of their mitigation strategy. Economic relief may be shorter than expected as a second wave could potentially do even more damage.
The last item in this section, The COVID-19 pandemic in Greece, Iceland, New Zealand, and Singapore: Health policies and lessons learned, is an article written by several authors as a group effort. This paper aims at providing an overview of the COVID-19 situation, health policies, and economic impact in Greece, Iceland, New Zealand, and Singapore. The four countries were chosen due to their ability to contain the spread and mitigate the effects of COVID-19 on their societies.