International Transaction Journal of Engineering,
Management, & Applied Sciences & Technologies

FEATURE PEER-REVIEWED ARTICLE

• THE EPIDEMIC COVID-19 OUTBREAK AND ECONOMIC SLOWDOWN IN DEVELOPING ASIA: A REVIEW

  Sarfaraz Ahmed Bhutto, Saifullah Shaikh, Muhammad Ashraf (Institute of Commerce, Shah Abdul Latif Unversity Khairpur, Sindh, PAKISTAN ),
  Hussain Amar (Government Islamia Arts & Commerce College, Sukkur, Sindh, PAKISTAN ).
  

  Disciplinary: Management & Economic Sciences, Public Health.

  (Backup file)

  DOI: 10.14456/ITJEMAST.2020.178

  Keywords: Infectious COVID-19 epidemic; MERS; PRC; Coronavirus pandemic; Tourism loss; SARS; Economics recession; Developing Asia; Tourism industry shrink; Coronavirus consequences for tourism.

  Abstract
  This study has taken a review of COVID-19 outbreak on the economic slowdown in developing Asia. Wuhan, City of PRC where this outbreak raised to the whole world, made several economic challenges for PRC and developing Asian economies. It is observed in this study that economic channels like trade, travel, production and services are affected through demand shock spillover and investment decline. Additionally, this study has reported different economic uncertainties and economic scenarios like best, moderate, and worse for PRC and other developing Asian economies. A brief review has taken for pandemic like SARS (severe acute respiratory syndrome), MERS (Middle-east respiratory syndrome), Ebola, Seasonal flu, and COVID-19. Elliptically, the transition and spread of COVID-19 is higher than other outbreaks, however, death ratio is relatively small compared to Ebola and MERS epidemics. Moreover, this study also briefed the role of Asian Development Bank (ADB) to provide financial and non-financial (knowledge and partnership) assistance to PRC and other developing economies of Asia.
  
  Paper ID: 11A9P