A Discussion About Strategies for Economic Recovery Post-COVID-19 Pandemic

Abstract

In December 2019, the covid-19 pandemic had a significant impact on the global economy. The objective of this study is to identify the strategies used for economic recovery after the crisis, differentiating the implemented actions and analyzing how GDP, unemployment, and inflation reacted to the events. Using a qualitative approach, countries that were positively and negatively affected were selected, observing their different political approaches, and determining the most efficient ones. Additionally, the fiscal and monetary policies implemented in these countries were compared. The main economic indicators analyzed were GDP, unemployment, and inflation. Considering that the study is a comparison between the same countries before and after the pandemic and does not focus on absolute numbers of the mentioned indicators, the results suggest that even geographically close countries achieved different outcomes. Countries with more liberal labor markets and those that invested in professional qualification and internal infrastructure showed more positive results in the proposed indicators. Furthermore, since the covid-19 pandemic had a significant impact on the global economy, the study discusses the adopted strategies of fiscal and economic policies and their importance in differentiating the economic recovery among countries, as well as the relationship between inflation and recovery policies.