The Global Economic Effects of Pandemic Outbreak, COVID-19 in Malawi

Abstract

On January 30, 2020 the World Health Organization declared COVID-19 that started in December 2019 a global pandemic. Since then COVID-19 has claimed 928,890 deaths as of 15 September, 2020. The outbreak of the novel coronavirus (COVID-19), has swiftly evolved and spread across all the countries in the world. The spread of the new coronavirus is a public health crisis that has posed a serious risk to the macroeconomy through the halt in production activities, interruptions of people’s movements and cut-off supply chains. On 2 April, 2020, the then president of the republic of Malawi, Prof. Arthur Peter Mutharika confirmed the first 3 cases of COVID-19 in the country. There are now 5,701 cases, 3,762 recoveries and 178 Deaths as of 15th September 2020.

Keywords: Coronavirus, COVID-19, Ebola, Influenza, GDP, Supply & Demand Shocks, Hunger