The Impact of Pandemics on the Global Economy: A case by case analysis of China, Saudi Arabia, and the United States during the COVID-19 Pandemic
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Abstract
The study aims to examine the impact of the COVID-19 pandemic on global economic activities;
with the cases of China, Saudi Arabia and the United States considered at length. The outcomes
of the study have found that confirmed cases of COVID-19 have been rising over time in each of
the mentioned countries which has significantly affected the economy. For instance, it has been
established that stock markets, inflation and interest rates in the three countries were influenced
by the variations in the COVID-19 trends with greater shocks being experienced over time.
However, it was not confirmed that the pandemic has led to financial crisis environment in the
short run.