Economic Impacts of COVID-19

11 Pages Posted: 1 Sep 2021

See all articles by Chanuka Kavindra

Chanuka Kavindra

Uva Wellassa University of Sri Lanka, Faculty of Business Management

Date Written: August 30, 2021

Abstract

COVID-19 is one of the most fearsome pandemics that the world is facing right now. COVID-19 has completely driven the people lives of Sri lanka as well as rest of the world, totally in a different way. Economically, Sri lanka was already in a bad condition before start of this pandemic and now this crisis has created more and more pathetic situation for the people. In that situation public health care sector are collapsed due to heavy COVID-19 patients.

The impact of the pandemic on Small and Medium Scale and the informal sector including daily wage earners was severe. Due to this situation increased the unemployment and poverty. Also Under that scenario have mentioned how much impact COVID-19 for GDP, Tourism industry and apparel industry and finally about the social and welfare effect on CovCOVIDid-19.We discuss above mentions major points of crisis in this pandemic situation in Sri lanka

Keywords: COVID-19, public health care, Sri Lanka, Unemployment , GDP

JEL Classification: E2, E5, E6, G2

Suggested Citation

Kavindra, Chanuka, Economic Impacts of COVID-19 (August 30, 2021). Available at SSRN: https://ssrn.com/abstract=3914028 or http://dx.doi.org/10.2139/ssrn.3914028

Chanuka Kavindra (Contact Author)

Uva Wellassa University of Sri Lanka, Faculty of Business Management ( email )

Sri Lanka

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