Analysis on Economic Growth under Different Prevention and Control Measures of Covid-19 Pandemic

Abstract

By the end of 2019 a novel kind of coronavirus which can infect human and trigger pneumonia is found in Wuhan City, China. The contagious virus rendered itself highly dangerous to attack human’s immune system, and humans have to suspend their daily routine to derail the spread of this virus, named Covid-19 by WHO. It has upended the world, especially when people cannot go out to work and spend to create economic value in awe of contagion, leading to a nosedive taken by economic growth, and the healthy crisis transferred into an economic crisis. To control over the spread of virus and save economy, governments took many measures, but the effect varies from country to country. This article aims to find the liaison between the how fast and deep the governments are to fight against Covid-19 and how that relates to their recovery of economic growth, taking China and USA as typical examples, and draw the conclusion that the speed and depth the control taken over Covid-19 features a positive correlation with the recovery of economic growth.