Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness

COVID-19 is not only a global pandemic and public health crisis; it has also severely affected the global economy and financial markets. Significant reductions in income, a rise in unemployment, and disruptions in the transportation, service, and manufacturing industries are among the consequences o...

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Main Authors: Anton Pak, Oyelola A. Adegboye, Adeshina I. Adekunle, Kazi M. Rahman, Emma S. McBryde, Damon P. Eisen
Format: Article
Language:English
Published: Frontiers Media S.A. 2020-05-01
Series:Frontiers in Public Health
Subjects:
Online Access:https://www.frontiersin.org/article/10.3389/fpubh.2020.00241/full
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spelling doaj-31d8ce507e2045a38c30c76cb08a8a4b2020-11-25T03:26:25ZengFrontiers Media S.A.Frontiers in Public Health2296-25652020-05-01810.3389/fpubh.2020.00241546036Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic PreparednessAnton Pak0Oyelola A. Adegboye1Adeshina I. Adekunle2Kazi M. Rahman3Kazi M. Rahman4Emma S. McBryde5Damon P. Eisen6Australian Institute of Tropical Health and Medicine, James Cook University, Townsville, QLD, AustraliaAustralian Institute of Tropical Health and Medicine, James Cook University, Townsville, QLD, AustraliaAustralian Institute of Tropical Health and Medicine, James Cook University, Townsville, QLD, AustraliaNorth Coast Public Health Unit, New South Wales Health, Lismore, NSW, AustraliaThe University of Sydney, University Centre for Rural Health, Lismore, NSW, AustraliaAustralian Institute of Tropical Health and Medicine, James Cook University, Townsville, QLD, AustraliaAustralian Institute of Tropical Health and Medicine, James Cook University, Townsville, QLD, AustraliaCOVID-19 is not only a global pandemic and public health crisis; it has also severely affected the global economy and financial markets. Significant reductions in income, a rise in unemployment, and disruptions in the transportation, service, and manufacturing industries are among the consequences of the disease mitigation measures that have been implemented in many countries. It has become clear that most governments in the world underestimated the risks of rapid COVID-19 spread and were mostly reactive in their crisis response. As disease outbreaks are not likely to disappear in the near future, proactive international actions are required to not only save lives but also protect economic prosperity.https://www.frontiersin.org/article/10.3389/fpubh.2020.00241/fullSARS-CoV-2COVID-19global marketseconomyCoronaviruspandemic
collection DOAJ
language English
format Article
sources DOAJ
author Anton Pak
Oyelola A. Adegboye
Adeshina I. Adekunle
Kazi M. Rahman
Kazi M. Rahman
Emma S. McBryde
Damon P. Eisen
spellingShingle Anton Pak
Oyelola A. Adegboye
Adeshina I. Adekunle
Kazi M. Rahman
Kazi M. Rahman
Emma S. McBryde
Damon P. Eisen
Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
Frontiers in Public Health
SARS-CoV-2
COVID-19
global markets
economy
Coronavirus
pandemic
author_facet Anton Pak
Oyelola A. Adegboye
Adeshina I. Adekunle
Kazi M. Rahman
Kazi M. Rahman
Emma S. McBryde
Damon P. Eisen
author_sort Anton Pak
title Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
title_short Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
title_full Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
title_fullStr Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
title_full_unstemmed Economic Consequences of the COVID-19 Outbreak: the Need for Epidemic Preparedness
title_sort economic consequences of the covid-19 outbreak: the need for epidemic preparedness
publisher Frontiers Media S.A.
series Frontiers in Public Health
issn 2296-2565
publishDate 2020-05-01
description COVID-19 is not only a global pandemic and public health crisis; it has also severely affected the global economy and financial markets. Significant reductions in income, a rise in unemployment, and disruptions in the transportation, service, and manufacturing industries are among the consequences of the disease mitigation measures that have been implemented in many countries. It has become clear that most governments in the world underestimated the risks of rapid COVID-19 spread and were mostly reactive in their crisis response. As disease outbreaks are not likely to disappear in the near future, proactive international actions are required to not only save lives but also protect economic prosperity.
topic SARS-CoV-2
COVID-19
global markets
economy
Coronavirus
pandemic
url https://www.frontiersin.org/article/10.3389/fpubh.2020.00241/full
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