write ten negative impact and ten positive impact on economy condition of our country due to Corona virus
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Answer:
To address the first question, Ma et al. (2020) recently conducted an econometric analysis to examine the paths of countries’ growth rates following a health crisis. (The crises they analyze include the 1968 Flu (aka Hong Kong Flu), SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016). Authors acknowledge that COVID – 19 is more widespread than the average crisis in the sample and that the estimates are highly likely to be a lower bound for the effect of COVID-19 globally.) On average, GDP growth in affected countries is about 2.4% below that of unaffected countries. The GDP growth reduction is followed by a quick recovery with affected countries enjoying a one percentage point higher growth rate than unaffected countries in the year following the crisis. After an initial upturn during that first year, however, the economic recovery may stall and GDP growth may persistently remain lower in affected countries compared to unaffected countries.