The Association between the Health Crisis and Economic Evolutions at Country Level. A comparative Analysis

Abstract

The present paper aims to identify how economic evolutions related to health conditions during the Covid-19 pandemic. The research includes an analysis on the evolutions of the health and economic conditions during the Covid-19 health crisis and also on they way they are linked to each other. The investigation is conducted at country level and is exemplified on two European countries, namely Italy and Greece. The methodology employed was based on three types of analyses: descriptive, correlation and comparative analyses that used secondary data from international organizations. Results illustrate that the economic life was affected by the Covid-19 conditions (Covid-19 incidence and the associated restrictions), with inflation being the most affected in both countries. At the same time, international trade was affected differently in the two countries, with Italy being negatively and more intensively affected than Greece, for which the association was positive and rather weak.

Keywords

• covid-19 health crisis
• economic impact
• macroeconomic evolutions
• international trade
• containment measures
• italy
• greece