Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

The Economic Impacts of COVID-19 Pandemic on the U.S. Industries

Authors
Qingzhi Li1, *, Siqi Jia2, Yitong Chen3, Feier Yang4
1Shenzhen College of International Education, Shenzhen, 518000, China
2Beijing National Day School, Beijing, 100039, China
3Rugao International Academy, Shanghai, 200000, China
4Nankai Secondary School, Chongqing 400030, China
*Corresponding author. Email: s16008.li@stu.scie.com.cn
Corresponding Author
Qingzhi Li
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.411How to use a DOI?
Keywords
COVID-19 pandemic; U.S. Economy; E-commerce market; Pharmaceutical sector
Abstract

Since the first U.S. case was reported on January 21, 2020, many American industries have been heavily affected from an economic perspective. This paper primarily gives a literature review on the negative impact of the COVID-19 pandemic on US industries with the help of historical data. To be more specific, this paper detailedly analyzes two industries (Airlines and Hospitality) that suffer from the COVID-19 pandemic to a greater extent compared with other industries. How government reacts to cope with the recession of these industries is also concluded. However, as the COVID-19 pandemic affects diverse industries in various ways, this paper tends to prove that some industries are actually boosted by the global health crisis by giving evidence from the e-commerce industry and pharmaceutical industry. The result indicates that the COVID-19 pandemic affects US markets in a dissatisfactory but creative way. In short, impacts are mostly negative but positive impacts do occur.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
978-94-6239-483-4
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.411How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Qingzhi Li
AU  - Siqi Jia
AU  - Yitong Chen
AU  - Feier Yang
PY  - 2021
DA  - 2021/12/15
TI  - The Economic Impacts of COVID-19 Pandemic on the U.S. Industries
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 2529
EP  - 2533
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.411
DO  - 10.2991/assehr.k.211209.411
ID  - Li2021
ER  -