Badri Narayanan Gopalakrishnan
Covid-19 has had a wide range of global impacts. We focus on the economic impact of this ongoing crisis through consumption, investment, tourism, trade and other channels, based on a comprehensive economic model that captures the global value chains, trade, production and consumption linkages, health economic impact, etc. Our results suggest a reduction in global GDP by 5.8-8.8 trillion USD, disproportionately affecting the poor. They also suggest a healthcare implication, because many patients suffering from non-Covid diseases have to wait for Covid patients who are higher priority. This means an increase in the Disability Adjusted Life Years (DALY) lost affecting the productivity and demand in the economies further. We also note that policy measures can help mitigate the negative impact of Covid-19, by ensuring better healthcare system, measures to foster physical distancing and supporting the poeple and companies alike to tide through these difficult times.
