The Economic Consequences of the Epidemic: Preliminary Forecasts of China’s Economic Response to the Epidemic’s End based on China

DOI

10.2991/aebmr.k.220405.099How to use a DOI?

Keywords

COVID-19; Economics; SARS; Epidemic

Abstract

The article’s main purpose is to explore several implications that the current COVID-19 epidemic may have on the world and economy. Using the Black Death in Europe in the 14th century and the SARS pandemic in 2003 as examples, hypothesize about the disease’s potential consequences. The COVID-19 epidemic is more virulent and difficult to contain, high transmission, long latency, low lethality, and high care, these four characteristics has penetrated the most developed countries’ health-defense systems. China, as the world’s second-largest economy and the country that has recovered the most quickly from the epidemic, will serve as the research framework for this article. The service industry has been hit the hardest by the epidemic, and the service industry accounts for the majority of GDP in developed countries. The epidemic will have a significant negative impact on the vitality of developed countries. After the outbreak, the research has led to speculation that China might end decades of US global leading position.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Jiaxiang Wang
PY  - 2022
DA  - 2022/04/29
TI  - The Economic Consequences of the Epidemic: Preliminary Forecasts of China’s Economic Response to the Epidemic’s End based on China
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 600
EP  - 607
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.099
DO  - 10.2991/aebmr.k.220405.099
ID  - Wang2022
ER  -