The Economic Cost Of COVID-19: Evaluating Sectoral Impacts And Policy Responses In Emerging Economies
Keywords:
COVID-19, Emerging Economies, Sectoral Impact, Fiscal Stimulus, Informal Labor, Economic PolicyAbstract
The COVID-19 pandemic ushered in an unprecedented global economic crisis, severely impacting emerging economies due to their limited fiscal space, overdependence on informal labor, and inadequate health infrastructure. This paper provides a comprehensive evaluation of the economic impact of the pandemic across key sectors including agriculture, manufacturing, and services in India, Brazil, Indonesia, and South Africa. It further examines the fiscal and monetary responses adopted by these countries and evaluates their effectiveness in mitigating the downturn. Using a combination of sectoral data analysis, econometric modeling, and policy review, the study presents critical insights for building economic resilience against future systemic shocks.
