Abstract

The COVID-19 crisis has had deep adverse effects on a global level, affecting many economies and worsening their conditions which may have led to severe recession or even depression. The numbers of positive cases have risen sharply over the last few months, and the fatalities have also reached their peak. This study aims to examine the impact of the global financial crisis, and the COVID-19 pandemic on the macroeconomic variables of the US economy. It also provides an understanding in a descriptive format, to analyze and compare the global financial crisis and COVID-19 pandemic, in a tabulated and graphical format. For analysis purposes, the tables and average method have been used. For the graphical formats, charts have been used for the later year of 2008, and the beginning of the 2009 global financial crisis. The first six months of the spread of the COVID-19 pandemic have also been taken into consideration. The results have confirmed that the current COVID-19 pandemic shows more severity in terms of economic activity, than the global financial crisis had experienced. Moreover, the impact of the crisis on the recession probabilities in the current pandemic is lower than that at the time of the global financial crisis.

摘要

COVID-19 危机在全球范围内产生了深远的不利影响，影响了许多经济体并恶化了它们的状况，这可能导致严重的衰退甚至萧条。在过去的几个月里，阳性病例的数量急剧上升，死亡人数也达到了顶峰。本研究旨在研究全球金融危机和 COVID-19 大流行对美国经济宏观经济变量的影响。它还以描述性格式提供理解，以表格和图形格式分析和比较全球金融危机和 COVID-19 大流行。出于分析目的，使用了表格和平均方法。对于图形格式，图表已用于 2008 年末，以及 2009 年全球金融危机的开始。还考虑了 COVID-19 大流行传播的前六个月。结果证实，与全球金融危机相比，当前的 COVID-19 大流行在经济活动方面表现出更严重的影响。此外，危机对当前大流行的衰退概率的影响低于全球金融危机时的影响。