The Economic Impact of COVID-19 around the World

被引：4

作者：

Martin, Fernando M. ^{[1
]}

Sanchez, Juan M. ^{[1
]}

Wilkinson, Olivia ^{[1
]}

机构：

[1] Fed Reserve Bank St Louis, St Louis, MO 63102 USA

来源：

FEDERAL RESERVE BANK OF ST LOUIS REVIEW | 2023年 / 105卷 / 02期

关键词：

D O I：

10.20955/r.105.74-88

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article provides an account of the worldwide economic impact of the COVID-19 shock. In 2020, it severely impacted output growth and employment, particularly in middle-income countries. Governments responded pri-marily by increasing expenditure, supported by an expansion of the supply of money and debt. These policies did not put upward pressure on prices until 2021. International trade was severely disrupted across all regions in 2020 but subsequently recovered. For 2021, we find that the adverse effects of the COVID-19 shock on output and prices were significant and persistent, especially in emerging and developing countries.

引用

页码：74 / 88

页数：15

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