Economic Effects of the Pandemic

This book addresses the impact and implications of the COVID-19 pandemic, one of the most challenging public health risks to human wellbeing, on the economic activities and behaviors of Middle Eastern countries during and in the aftermath of the pandemic. It provides detailed examination of how the global and Middle Eastern economies incurred significant financial and economic damages, human losses, and hundreds of millions of people losing their jobs.

The analysis of this book is entirely based on primary data and a mix of quantitative and qualitative research methods to accurately account for the effects of the pandemic on the economy, finance, and tourism. While providing in-depth analysis of the macro and micro economy at global and national levels, the book investigates the impact of the pandemic on human behavior including household and water consumptions in the GCC countries, as well as offering potential green strategies for sustainable recovery in the post-pandemic era. As well as explaining the negative effects of the pandemic on the tourism and hospitality industries, the book also offers some positive outcomes from the pandemic, most notably in the innovation and IT sector and creative approaches in banking practices and services to ensure financial stability and sufficient liquidity in the market. Readers, students, researchers, industry practitioners and policy makers will benefit from the new insights offered by a diverse group of senior researchers and experts from across the world.

Part 1: The Impact of COVID-19 on Economy.- Chapter 1: COVID-19 Effects on the Global Economy: An Overview.- Chapter 2: Pandemic, War and Geo-Political Risk: The Outlook for Global Economy.- Chapter 3: Impact of Covid-19 on Household Consumption Behavior.- Chapter 4: Impact of COVID 19 on Water Consumption in GCC Countries: Lessons to be Learned for Future Crises.- Chapter 5: Macroeconomic Expectations facing COVID19: A Sectoral Analysis.- Chapter 6: Is there a Trade-off Between Inflation and Unemployment Rate in Time of a Pandemic? The Case of Malaysia.- Chapter 7: Green Economic Recovery after COVID-19: Thoughts and Reflection on the GCC Region and Potential Scenarios for Qatar.- Part 2: The Impact of COVID-19 on Finance and Financial Policies.- Chapter 8: The Impact of COVID-19 on the Banking Sector in Oman.- Chapter 9: The Positive Impact of Covid-19 on Omani Banks Practices and Services.- Chapter 10: The impact of applying the government finance statistics manual on public sector assessment during COVID-19: Case study of Australia and Oman.- Part 3: The Impact of COVID-19 on Tourism.- Chapter 11: The impact of COVID-19 on the tourism sector in GCC countries.- Chapter 12: The Impact of COVID-19 Pandemic on Economic Sector in GCC Countries: Tourism Sector as a Case Study.- Chapter 13: Implications of the Pandemic for Economic Development.