Analyzing the Global Economy in the Post-Pandemic Recovery

Abstract

More than two years have passed since the new type of coronavirus began in Wuhan, China. In addition, it has been more than 22 months since the World Health Organization (WHO) declared a pandemic, and the world continues to struggle with new variants of the virus and cannot return to the old normal. Closures, lockdowns, and restrictions on foreign trade of goods and services have decreased global economic activity. It is seen that two important challenges have emerged due to the pandemic. First, the countries with limited health services capacity in the face of the increasing number of cases and deaths in the world had trouble to combat with the pandemic. Second, low-income countries which have difficulty in accessing medicines and vaccines having an important role in combating the pandemic are more distressed than other countries and need global support. It is seen that the inequality in income distribution between countries in the world also manifests itself in accessing drugs and vaccines.