Response of cryptocurrency to COVID-19

Bottom line: The response of cryptocurrency markets to the COVID-19 has shown greater instability and irregularity than international stock markets. Thus, investment in digital markets presents a greater risk during the current global pandemic.  Reference: Lahmiri S. & Bekiros S. The impact of COVID-19 pandemic upon stability and sequential irregularity of equity and cryptocurrency markets. … Continue reading Response of cryptocurrency to COVID-19

Global socioeconomic implications of the COVID-19 pandemic

Bottom Line: The COVID-19 pandemic has had a detrimental effect on several aspects of human life. Measures taken to control this pandemic have led to a decrease in workforce across all economic sectors and has caused many jobs to be lost. Worldwide, the socioeconomic effects from this pandemic have sparked a fear of impending economic … Continue reading Global socioeconomic implications of the COVID-19 pandemic

Marked increase in market uncertainty due to COVID-19

Bottom Line: The COVID-19 pandemic has caused a marked increase in market uncertainty. Reference: Baker, S.R. et al. COVID-Induced Economic Uncertainty. National Bureau of Economic Research Working Paper Series, No. 26983 (2020). DOI: 10.3386/w26983 Date Published: April 2020 Synopsis: Many aspects surrounding COVID-19 are extremely uncertain. These include the long-term capacity of healthcare systems, when … Continue reading Marked increase in market uncertainty due to COVID-19

The Cost of COVID-19: A Rough Estimate of the 2020 US GDP Impact

Bottom Line: It is estimated that the real GDP growth rate in the US will decline by $1.07 trillion or 5% for every month of the partial economic shutdown.  Reference: Makridis, C & Hartley, J. The Cost of COVID-19: A Rough Estimate of the 2020 US GDP Impact. Special Edition Policy Brief (2020). https://dx.doi.org/10.2139/ssrn.3570731 Date … Continue reading The Cost of COVID-19: A Rough Estimate of the 2020 US GDP Impact

The Global Macroeconomic Impacts of COVID-19: Seven Scenarios

Bottom Line: COVID-19 will have massive economic effects on labour supply, commerce, and GDP. Reference: McKibbin, W.J. & Fernando, R. The Global Macroeconomic Impacts of COVID-19: Seven Scenarios. CAMA Working Paper No. 19/2020 (2020). https://dx.doi.org/10.2139/ssrn.3547729 Date Published: 4 March 2020 Synopsis: This article produces a predictive economic model for the COVID-19 pandemic by using historical … Continue reading The Global Macroeconomic Impacts of COVID-19: Seven Scenarios