Skip to main page content
U.S. flag

An official website of the United States government

Dot gov

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Access keys NCBI Homepage MyNCBI Homepage Main Content Main Navigation
Review
. 2020 Jun:78:185-193.
doi: 10.1016/j.ijsu.2020.04.018. Epub 2020 Apr 17.

The socio-economic implications of the coronavirus pandemic (COVID-19): A review

Maria Nicola  1 , Zaid Alsafi  2 , Catrin Sohrabi  3 , Ahmed Kerwan  4 , Ahmed Al-Jabir  5 , Christos Iosifidis  6 , Maliha Agha  7 , Riaz Agha  8
Affiliations
Review

The socio-economic implications of the coronavirus pandemic (COVID-19): A review

Maria Nicola et al. Int J Surg. 2020 Jun.

Abstract

The COVID-19 pandemic has resulted in over 4.3 million confirmed cases and over 290,000 deaths globally. It has also sparked fears of an impending economic crisis and recession. Social distancing, self-isolation and travel restrictions have lead to a reduced workforce across all economic sectors and caused many jobs to be lost. Schools have closed down, and the need for commodities and manufactured products has decreased. In contrast, the need for medical supplies has significantly increased. The food sector is also facing increased demand due to panic-buying and stockpiling of food products. In response to this global outbreak, we summarise the socio-economic effects of COVID-19 on individual aspects of the world economy.

Keywords: COVID-19; Coronavirus; Economic impact; Economy; SARS-CoV-2.

PubMed Disclaimer

Conflict of interest statement

Declaration of competing interest No conflicts of interest.

Figures

Fig. 1
Fig. 1
Global impact of COVID-19 on school closures. Figure produced by UNESCO [21].
See this image and copyright information in PMC

Comment in

References

    1. Resilient leadership responding to COVID-19 | deloitte insights. https://www2.deloitte.com/global/en/insights/economy/covid-19/heart-of-r... [Internet]. [cited 2020 Mar 20]. Available from:
    1. Reuters. ECB Asset Purchase Programme Boosts Euro. The Guardian; 2020 Mar 19. https://www.theguardian.com/world/2020/mar/19/ecb-asset-purchase-program... [Internet] [cited 2020 Mar 20]; Available from:
    1. Sohrabi C., Alsafi Z., O'Neill N., Khan M., Kerwan A., Al-Jabir A. World Health Organization declares global emergency: a review of the 2019 novel coronavirus (COVID-19) Int. J. Surg. 2020 Apr;76:71–76. - PMC - PubMed
    1. Loeb AB Avi. Flattening the COVID-19 curves. https://blogs.scientificamerican.com/observations/flattening-the-covid-1... [Internet]. Scientific American Blog Network, [cited 2020 Mar 20]. Available from:
    1. Coronavirus: travel restrictions, border shutdowns by country | Coronavirus pandemic News. https://www.aljazeera.com/news/2020/03/coronavirus-travel-restrictions-b... Al Jazeera, [Internet]. [cited 2020 Mar 20]. Available from: