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  • February 2021 (Revised March 2023)
  • Supplement
  • HBS Case Collection

The Coronavirus (COVID-19) Pandemic and the Global Economy (B)

By: Alberto Cavallo and Christian Godwin
  • Format:Print
  • | Language:English
  • | Pages:22
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Abstract

By December 2020, the COVID-19 pandemic had swept across the globe, creating widespread disruption in all aspects of everyday life. Almost 90 million people had been infected and nearly two million had died from the disease. By this point in the pandemic—a year since the first rumors about the novel virus began, mask-wearing and social-distancing had become routine, and millions of people were working or studying from home. Grief and anxiety were widespread due to the loss of loved ones, financial hardships, and uncertainty about when the pandemic would recede. Hoping to solve the health crisis, governments worldwide were relying on private companies to fast-track the development and distribution of COVID-19 vaccines. Meanwhile, the global economy was experiencing the worst output crisis in decades, with a recovery that was uncertain and uneven across countries, coupled with rising concerns about the levels of debt and inflation.

Keywords

COVID-19 Pandemic; Economy; Health Pandemics; Economic Slowdown and Stagnation; Global Range; Crisis Management; Disruption

Citation

Cavallo, Alberto, and Christian Godwin. "The Coronavirus (COVID-19) Pandemic and the Global Economy (B)." Harvard Business School Supplement 721-434, February 2021. (Revised March 2023.)
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About The Author

Alberto F. Cavallo

Business, Government and the International Economy
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Related Work

    • March 2022
    • Faculty Research

    The Coronavirus (COVID-19) Pandemic and the Global Economy (A) and (B)

    By: Alberto Cavallo
    • February 2021 (Revised March 2023)
    • Faculty Research

    The Coronavirus (COVID-19) Pandemic and the Global Economy (B)

    By: Alberto Cavallo and Christian Godwin
Related Work
  • The Coronavirus (COVID-19) Pandemic and the Global Economy (A) and (B) By: Alberto Cavallo
  • The Coronavirus (COVID-19) Pandemic and the Global Economy (B) By: Alberto Cavallo and Christian Godwin
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