Socio-economic impacts and challenges of the coronavirus pandemic (COVID-19): An updated review
File(s)sustainability-14-09699-v2.pdf (1.27 MB)
Published version
Author(s)
Giannos, Panagiotis
Kechagias, Konstantinos
Type
Journal Article
Abstract
The COVID-19 pandemic has shaken up the socio-economic order on a global scale with interventions designed to curb the spread of the disease bearing multiple and reinforcing impacts on several aspects of economic and social lives. The effects of COVID-19 were diverse and often spilled over different or interdependent industries. Economies were hit top-down and bottom-up while businesses and individuals alike endured significant changes that altered national and international supply and demand trends for products and services. The primary and secondary sectors were especially influenced by supply shortages while services and education were largely demand-driven. Monetary policies were specifically targeted to ease these disruptions while protective measures for employees in many cases constrained business competitiveness. The present study provided a cross-sectoral (primary, secondary, tertiary, and quaternary sectors) outline of the implications and challenges since the start of the crisis, centralising important information and offering a view of the current socioeconomic situation.
Date Issued
2022-08-06
Date Acceptance
2022-08-03
Citation
Sustainability, 2022, 14 (15), pp.1-13
ISSN
2071-1050
Publisher
MDPI AG
Start Page
1
End Page
13
Journal / Book Title
Sustainability
Volume
14
Issue
15
Copyright Statement
© 2022 by the authors.
Licensee MDPI, Basel, Switzerland.
This article is an open access article
distributed under the terms and
conditions of the Creative Commons
Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Licensee MDPI, Basel, Switzerland.
This article is an open access article
distributed under the terms and
conditions of the Creative Commons
Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
License URL
Identifier
https://www.mdpi.com/2071-1050/14/15/9699
Subjects
12 Built Environment and Design
Publication Status
Published
Date Publish Online
2022-08-06