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The Impact of the SARS-CoV-19 Pandemic on the Global Gross Domestic Product

Faculty of Management, Warsaw University of Technology, 02-524 Warszawa, Poland
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Academic Editors: Dimitris Zavras and Paul B. Tchounwou
Int. J. Environ. Res. Public Health 2021, 18(10), 5246; https://doi.org/10.3390/ijerph18105246
Received: 29 March 2021 / Revised: 4 May 2021 / Accepted: 8 May 2021 / Published: 14 May 2021
(This article belongs to the Special Issue Economic Crisis and Healthcare Services)
The rapid, unexpected, and large-scale expansion of the SARS-CoV-19 pandemic has led to a global health and economy crisis. However, although the crisis itself is a worldwide phenomenon, there have been considerable differences between respective countries in terms of SARS-CoV-19 morbidities and fatalities as well as the GDP impact. The object of this paper was to study the influence of the SARS-CoV-19 pandemic on global gross domestic product. We analyzed data relating to 176 countries in the 11-month period from February 2020 to December 2020. We employed SARS-CoV-19 morbidity and fatality rates reported by different countries as proxies for the development of the pandemic. The analysis employed in our study was based on moving median and quartiles, Kendall tau-b coefficients, and multi-segment piecewise-linear approximation with Theil–Sen trend lines. In the study, we empirically confirmed and measured the negative impact of the SARS-CoV-19 pandemic on the respective national economies. The relationship between the pandemic and the economy is not uniform and depends on the extent of the pandemic’s development. The more intense the pandemic, the more adaptive the economies of specific countries become. View Full-Text
Keywords: SARS-CoV-19; pandemic; crisis management; GDP; gross domestic product; multi-segment Theil–Sen SARS-CoV-19; pandemic; crisis management; GDP; gross domestic product; multi-segment Theil–Sen
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MDPI and ACS Style

Korneta, P.; Rostek, K. The Impact of the SARS-CoV-19 Pandemic on the Global Gross Domestic Product. Int. J. Environ. Res. Public Health 2021, 18, 5246. https://doi.org/10.3390/ijerph18105246

AMA Style

Korneta P, Rostek K. The Impact of the SARS-CoV-19 Pandemic on the Global Gross Domestic Product. International Journal of Environmental Research and Public Health. 2021; 18(10):5246. https://doi.org/10.3390/ijerph18105246

Chicago/Turabian Style

Korneta, Piotr, and Katarzyna Rostek. 2021. "The Impact of the SARS-CoV-19 Pandemic on the Global Gross Domestic Product" International Journal of Environmental Research and Public Health 18, no. 10: 5246. https://doi.org/10.3390/ijerph18105246

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