Impacts of Covid-19 on the Economy: limits, challenges and policies

Authors

DOI:

https://doi.org/10.9771/cp.v13i2.36183

Keywords:

Covid-19, Economy, Policies.

Abstract

This study analyses the impacts of Covid-19 on the economy. Specifically, analyzed the shocks of supply, demand and financial, macroeconomic policies and lessons and opportunities. The article aims to answer the following question: what are the limits, lessons and challenges of the impact of Covid-19 on the economy in Brazil?. The study is qualitative, being descriptive about the objectives. In this way, a bibliographic and documentary research. As a result, Covid-19 exposes weaknesses in the economy, such as falling oil prices, commodities, jobs, recession, currency weakening, rising public debt and recession in Brazil and the world. It is added that there is a 12% contraction between January and March 2020 in the world economy (REPORT JPMORGAN, 2020). However, it is concluded that there is an opportunity for policies in the areas of health and education and a space for the debate of the entrepreneurial state in the coming years.

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Author Biographies

Reynaldo Rubem Ferreira Junior, Federal University of Alagoas

Professor at the Faculty of Economics, Administration and Accounting (FEAC) at the Federal University of Alagoas (UFAL). Bachelor in Economics from the Federal University of Pernambuco (1984- UFPE), Master in Industrial Economics from the Integrated Master's Program in Economics and Sociology (1990- PIMES/UFPE) and PhD in Economic Policy from the Institute of Economics of the University of Campinas (1998 - IE/UNICAMP). Former Extraordinary Secretary of the State of Alagoas (2004), responsible for coordinating studies for the implementation of the State Development Agency, and Former Superintendent of PRODETUR-AL (2005). Former Director of Financial Operations at Alagoas Development Agency (AFAL- 2010 and 2011). He is currently a professor at the undergraduate and master's degrees in Applied Economics at the Federal University of Alagoas (UFAL) and at the Graduate Program in Intellectual Property and Technology Transfer for Innovation (Profnit-UFAL). Researcher in the areas of Macroeconomic Policies and Innovation Systems, focusing on Technological Profiles of Industrial Sectors and Business Financing Systems

Luciana Peixoto Santa Rita, Federal University of Alagoas

Address to access this CV: http://lattes.cnpq.br/9511112631138534 He holds a degree in Economics from the Federal University of Alagoas (1993), a degree in Law from the Center for Higher Studies of Maceió (1994), a Master's in Administration from the Federal University of Alagoas (1999) and a PhD in Administration from the Faculty of Economics, Administration and Accounting. - USP (2004). Post-Doctoral Student in Industry 4.0 and Technology at ISEG at the University of Lisbon. Evaluator of the Ministry of Education and Culture. Researcher at the Federation of Industries of the State of Alagoas. Associate Professor IV at the Federal University of Alagoas. Professor of the Graduate Program in Public Administration in the National Network (PROFIAP), the Graduate Program in Intellectual Property and Technology Transfer for Innovation (PROFINIT) and the Graduate Program in Information Science. following topics: competitiveness, industry 4.0, technological policy, innovation, technological profile, public policy and industrial research.

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Published

2020-04-16

How to Cite

Ferreira Junior, R. R., & Santa Rita, L. P. (2020). Impacts of Covid-19 on the Economy: limits, challenges and policies. Cadernos De Prospecção, 13(2), 459. https://doi.org/10.9771/cp.v13i2.36183

Issue

Vol. 13 No. 2 (2020): Edição Especial - Coronavírus (SARS-COV-2) e COVID-19

Section

Coronavirus (SARS-COV-2) e COVID-19

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