Beyond the Pandemic: A Comparative Analysis of Global Economic Indicators Pre- and Post-COVID-19
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Abstract: The COVID-19 pandemic triggered a sharp global economic contraction, with global GDP declining by approximately 3% in 2020. Developing countries experienced even steeper declines, averaging 4%, with some exceeding 6.5%. Merchandise trade volumes plummeted by 13%, with China—an influential player in global trade—facing substantial economic disruptions that reverberated across its trading partners. This study analyzes the macroeconomic consequences of COVID-19, focusing on global GDP, trade patterns, and sectoral impacts. Using secondary data from the World Bank, International Monetary Fund, and national statistical agencies, a comparative analysis was conducted to assess changes in economic indicators before and after the pandemic. The study findings revealed that the post- pandemic recovery patterns varied significantly , reflecting disparities in economic resilience ,with countries possessing Strong pre-pandemic digital infrastructure, robust healthcare systems, and flexible fiscal policies recovering faster, while those reliant on labor-intensive sectors like tourism faced prolonged setbacks. Advanced economies outpaced developing nations in GDP growth and employment restoration, highlighting pre-existing vulnerabilities. Despite challenges such as inflation and supply chain disruptions, the pandemic accelerated digital transformation and infrastructure investment, offering opportunities for more resilient economic systems. To address these disparities and bolster resilience, governments should invest in digital and healthcare infrastructure, diversify supply chains, and foster regional economic cooperation. Supporting vulnerable sectors, such as SMEs and informal workers, through targeted fiscal measures and job creation programs
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