Analysis of the impact of the COVID-19 pandemic on the economy

Li Xiao Bo (2020) Analysis of the impact of the COVID-19 pandemic on the economy. Pénzügyi és Számviteli Kar.

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Absztrakt (kivonat)

Though out my thesis, I have collected various data from different sectors of the economic system to analyse the impact of this pandemic on economy. Firstly, I have collected data from the 2003 SARS pandemic in China, and compare it to the COVID-19 pandemic, because 2003 SARS pandemic was the most recent and similar to COVID-19. Starting with the comparison of total domestic GDP growth, to take a look at the big picture. Understand the pandemic slows down the economic growth in a certain level. From the three major economic sectors we can see the tertiary industries are taking more pressure, and longer recovery time, due to the necessary lockdown. Now we can dig a little deeper, to see what industries are effected the most, first is the consumer goods sector, during 2003 consumer goods was damaged the most, current days with the online shopping is much more wildly developed and common, the consumer goods sector is not as much crushed. Catering, Hotel and Tourism faced very similar situation and negative growth on the customer and revenue, during both pandemic. But as soon as the pandemic ended, these three industries had an extraordinary high demand. And in the transportation industry, looking at the reports from the Airline companies, Obviously, they are suffering just as Hotel and Tourism, and not going to be fully recovered until the pandemic is over. For the electronic industry, the main household electrical appliance companies and total retail sales of electric appliance were struck during the SARS outbreak. Even the online shopping platforms are more common now days, but still for the mainstream electric devises the bigger proportion of the sales were made in the physical stores. So, definitely they are very much affected too. Textiles and clothing industry were inevitably affected, it can be seen from the data during SARS, clothing, footwear, needles, textiles retail sales growth were struck, it was even in negative growth once. And during the Covid-19 was no different. The same goes to the agricultural and livestock, because of the catering industry’s demand shrank. However, not all industries are negatively affected by the pandemic, we have logistic industries and internet companies like Alibaba, Amazon. The growing demand of the online shopping co-responsively increased the demand in the logistic industries. In medical industries due to the Virus out break the demand on medical supplies has risen highly, so as the medical industry And then we also have the social network industry and the game designing industry. Since the lockdown occurred in many countries and people started the home office and school. People are having much more spare time, the average time spent on internet has grown largely same outcome for the number of users in the social network and gaming industry. In the end, we have the global economic impact, due to the pandemic has spread all around the world. As different countries had taken different actions and approach to the pandemic situation and economic crisis. And We have two examples for comparison between EU and US, what is their methods to maintain the balance of economy and pandemic prevention. Furthermore, I have listed some of the central bank’s announcement of new monitory policy to stimulate the economy, preventing large scale of bankruptcy. And the effect on the GDP growth and unemployment rate.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tanszék

Pénzügy Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	analysis, banks and banking government policy, business enterprises, economic development, economic forecasting
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2021. Már. 16. 13:01
Utolsó módosítás:	2021. Már. 16. 13:01

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