The COVID-19 Pandemic and Its Economic, Social, and Political Impacts
The Effects of the Covid-19 Pandemic On Economic GrowthÇiğdem Börke Tunalı
The COVID-19 pandemic that originated in China has now affected almost every nation. With the absence of any targeted cure, nations have introduced measures to attenuate its spread. These measures (especially reducing the interaction between people) have significantly limited the activities of numerous sectors, especially the service sector. Thus, this pandemic will substantially impact economic growth in developed and developing countries. However, it is the pandemic’s complete duration, coupled with the time when we return to normal economic life, that will determine its absolute effect on the economy. In this study, the effects of the COVID-19 pandemic on both global as well as Turkey’s economic growth are evaluated.