A Perspective on How Coronavirus Commenced and its Disruptive Impact on Global Economy
Journal Title: Journal of Quality in Health Care & Economics (JQHE) - Year 2021, Vol 4, Issue 3
Abstract
This COVID-19 pandemic has a colossal impact on individuals as well as society. The discipline of health economics has grown significantly in recent years and new methodologies and techniques have been developed to evaluate the economic burden of the diseases. Amid the lockdown, scarce resources and increasing medical costs have highlighted the need to quantify the burden of COVID-19 on the healthcare system and thus the present study tried to make accurate economic assessments of the impact of this disease. The outbreak of the COVID-19 pandemic is an unprecedented shock to the economies globally. With the prolonged nation-wide lockdown, global economic downturn, and imbalances of demand and supply sides, the global economy is facing an extended period of slowdown, which is likely to be existing for a while now. The magnitude of the economic impact will depend upon the duration and severity of this global health crisis and the manner in which the situation unfolds once the economy starts to recover.
Authors and Affiliations
Manchanda P and Jaiswal AK*
Keywords
Related Articles
- EP ID EP751123
- DOI 10.23880/jqhe-16000226
- Views 21
- Downloads 0
Business Cycles Analysis in Cameroon: An Overview
This paper aims at conducting a thorough analysis of business cycles in Cameroon by statistically assessing their main characteristics. The analysis is carried out by considering the three dimensions of macroeconomic flu...
Factors Affecting Mortality Risk of Patients Due to COVID-19 Outbreak: A Case Study
Human societies are dealing with infectious diseases for centuries. The consequences of this infectious disease outbreak are multifaceted. Apart from socio-economic disruption, the outbreak also causes thousands of huma...
Quality in Health Services and its Challenge in the Ecuadorian Reality
This article constitutes a bibliographic review of the different components that make up quality in health services, analyzed from different perspectives, such as the role played by the human factor and its training in a...
Characterization of the Socioeconomic Inequity Attributable to Smoking
Background: The socioeconomic inequity attributable to smoking is a social untouchable cost. It has several forms to impact over the economy and the society in general. At same time, each impact form determines a form o...
Perception and Level of Awareness among Healthcare Professionals in Saudi Arabia about Pharmacoeconomics
Pharmacoeconomics (PE) is a relatively new field of study, with concepts, methods and applications that have made increasing contributions to health care.