Comparison Between the COVID-19 Epidemic and Global Credit Crisis in 2008

Abstract

The current global epidemic of Corona Virus Disease 2019 is spreading. With the increasing uncertainty of the severity and duration of the pandemic, economic and social stagnation, the break of global industrial chain, and the economic and food security of countries are affected, which bring market panic. So far, it has spread rapidly and caused a large number of casualties. The impact on the affected countries, especially the most vulnerable social sectors, is undoubtedly the biggest public health emergency of this year. This paper discusses how the COVID-19 epidemic impact on the economy from an economic perspective.