1. Economic Impact of the Post Covid- 19 Era
Assessment and Mitigation
Dr.C.Muthuraja, M.A., M.Phil., PhD
Head, Post Graduate and Research Department of Economics
The American College, Madurai - 625 002, TAMIL NADU
(cmuthuraja@gmail.com) - (M-09486373765)
(Presented at National Seminar on " Economic Impact of Digital Marketing under Atmanirbhar Bharat in The Post Covid Era"
organised by the Department of Economics, Kamaraj College, Thoothukudi, Tamil Nadu , India on 23-04-2022)
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2. COVID -19 & ECONOMICS...
 COVID-19 is a highly transmittable and pathogenic viral
infection. Emerged in Wuhan, China and spread around the
World
 The intermediate source of origin and transfer to humans is
not known, however, the rapid human to human transfer
has been confirmed widely. There is no clinically approved
antiviral drug or vaccine available to be used against
COVID-19
 Coronamics is Short Run Economics. In Economics Time
is understood by Very Long Period, Long Period, Short
Period and Very Short Period or Market Period. The
problems of very short period must be dealt by only
Market Forces/Corporate. Today Market Forces failed to
deliver in the Economy. RBI Decisions will help the
economy in all periods except during very short period
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4. KEY OBSERVATIONS ..
 Worst World Economy
 Downsized Indian Economy
 Pathetic Agriculture and Rural Livelihood
 Vulnerability in Informal and Marginal Sector
 Sickening SSI/MSME and other Industries
 Deep loses in External Sector
 Victimization of Women, Children and Aged People
 Towards Negative Growth Rate
 Problems in Health Sector
 Difficulties in Governance
 Worst in Our Lifetime
 The Real Problem is Life and livelihood of masses
 STAY SAFE... STAY ALIVE is very important in life
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5. COVID-19 Lockdowns: New Earth System
 Restrictions have helped to avoid greater suffering and
death, but have also created socioeconomic hardship
 COVID-19 along two multidisciplinary cascades:
energy, emissions, climate and air quality; and poverty,
globalization, food and biodiversity
 Short-term impacts are dominated by direct effects
arising from reduced human activity
 Longer-lasting impacts are likely to result from
cascading effects of the economic recession on global
poverty, green investment and human behaviour
 Opportunity for novel insight, particularly with the
careful deployment of targeted data collection,
coordinated model experiments and solution-oriented
randomized controlled trials, during and after the
pandemic
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7. Negative/Positive Impacts
 Negative Impacts
 Global Supply Chain and International Trade
 The Aviation Sector
 The Tourism Industry
 Sustainable Development Goals (SDGs)
 Positive Impacts
 Improvements in Air Quality
 Reduction in Environmental Noise
 Increased cleanliness of Beaches
 Decline in primary Energy Use
 Record low CO2 emissions
 Boost in Digitalisation
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8. Opportunities
 Local Manufacturing
 Re-manufacturing of essential Medical
Accessories
 Strategies for managing hospital Medical and
General Waste
 Embracing resource efficiency in the
construction and built environment
 Bio-cycle Economy
 Food Sector Development
 Sustaining improvements in Air Quality
 Digitalisation
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9. Assessing the Economic Impact of COVID-19
 Beyond the human tragedy, there is a direct
economic impact from lives lost in an outbreak
 Families lose that income and their in-kind
contributions to household income
 Many of those most likely to die are no longer
working and are less likely to be the primary
provider for their families
 Though less likely to pass away from COVID-
19, many working age adults still fall ill
 Their families Felt the financial burden as they
miss work for days or weeks or months
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10. SDGs Initiatives
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11. Impact of COVID-19 on SDG Progress
 Disrupted efforts to achieve the 2030 Agenda for
Sustainable Development
 An unprecedented situation where parallel threats of
health, economic and social crises
 Countries struggling to contain the epidemic and provide
immediate financial relief affected by the associated
macroeconomic downturns
 The pandemic threatens to reverse years of progress on
poverty, hunger, health care and education
 While the virus has impacted everyone, it is affecting the
world’s poorest and most vulnerable people the most
 Critical in understanding, managing and mitigating the
human, social and economic impacts of the outbreak
 Financial and technical support for data and statistical
systems and innovations are urgently needed
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12. Mitigating The Covid 19 Pandemic
 Accelerate vaccination rollout
 Gradually ease restrictions as vaccination expands
 Emphasize Education and harm reduction
approaches over coercive and punitive measures
 Encourage outdoor activities
 Reopen and Full Operations of Schools
 Avoid Lockdowns
 De-emphasize excessive surface disinfection and
other ineffective measures
 
Reassess testing practices and policies
 Expand access to outpatient therapies
 Prevent and prepare for future Pandemics
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15. Recommendations from the IMF
 Contain the Pandemic:
 Containing the disease is the first step to mitigating not
only the health impacts but also the economic impacts
 Strengthen the Safety Net:
 Making sure there is an economic safety net—cash
transfers, sick leave, subsidized health coverage—in place
helps the most vulnerable survive and provides support to
enterprises that serve those populations
 Measure the Impact:
 Monitoring the Health situation across and within
Countries, monitoring the economic situation and
providing support to households in need can mitigate the
most urgent needs
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18. Conclusion and Suggestions
 Empower people: Healthy, Education, Opportunity and
Families out of Poverty
 Inclusive Social Protection Systems
Role of
 INTERNATIONAL INSTITUTIONS - POLICIES
 UNION/STATE/LOCAL GOVENMENTS
 CORPORATE INDIA
 NON-GOVERNMENT ORGANISATIONS
 VOLUNTARISM THROUGH KNOWLEDGE, SKILLS AND TECHNOLOGY
 YOUTH IDEAS & POWER (DEMOGRAPHIC DIVIDEND)
APPEAL
TOWARDS SUSTAINABLE LIVELIHOOD
PLEASE
EACH ONE CARE ONE
IF NOT
EACH ONE CONNECT ONE AND CARE ONE
(QUESTIONS PLEASE)
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