Economic Impacts of COVID-19
11 Pages Posted: 1 Sep 2021
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
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