The Impact of Covid-19 on France’s Economy with an Overview on The European Economy

Yıl 2020, Cilt: 5 Sayı: Özel Sayı, 115 - 136, 26.12.2020

Dilara Sülün

https://doi.org/10.30784/epfad.810739

Öz

The coronavirus infection (COVID-19) occurred towards the end of 2019 and started spreading around the world in a short time with an immense impact on public health. However, it also affected global economy. This paper explores the economic impact of Covid-19 in France which is one of the countries most affected in Europe. We will first analyse the theoretical framework based on ‘demand and supply side shock’. We will then expose the economic impacts of Covid-19 on the French market, by evaluating the shocks on the demand and supply sides. The methodology of the study would consist of French governmental, Central Banks’ and international economic and financial data, including economic reports statistics, and forecasts of prominent international economic organizations as well as other relevant reports and data from the economic and financial literature. This paper is incorporated by extensive primary and secondary resources. Additionally, this article analyses the effects of Covid-19 on European countries. Within this prospect, European Union support measures and financial assistance is also covered as an extension to our research. Our findings cover economic projections for both France and the European Union and shows that economy cannot reach its pre-pandemic levels before 2022.

Anahtar Kelimeler

Covid-19, International Economics, International Trade, France, European Union, Theory of Supply and Demand Shocks

Destekleyen Kurum

İCOAEF Kongresi

Covid-19’un Fransa Ekonomisine Etkisi ve Avrupa Ekonomisi Üzerine Bir Değerlendirme

Öz

Koronavirüs enfeksiyonu (COVID-19) 2019'un sonlarına doğru ortaya çıkıp kısa sürede dünya geneline yayılmaya başlamış ve halk sağlığı üzerinde ciddi etkileri olmuştur. Bununla birlikte, Covid-19 küresel ekonomiyi de etkilemiştir. Bu makale, Avrupa'da en çok etkilenen ülkelerden biri olan Fransa'daki Covid-19'un ekonomik etkilerini araştırmaktadır. Öncelikle 'talep ve arza dayalı şokların' teorik çerçevesi ele alınacaktır. Ardından talep ve arza dayalı şoklar değerlendirilerek Covid-19'un Fransa pazarı üzerindeki ekonomik etkileri ortaya çıkarılacaktır. Çalışmanın metodolojisi, önde gelen uluslararası iktisadi kuruluşların ekonomik raporları, istatistikleri ve öngörüleri dahil olmak üzere Fransız hükümeti, Merkez Bankaları ve uluslararası ekonomik ve finansal literatürden elde edilen verilerden oluşmaktadır. Bu makale birincil ve ikincil kaynakları kapsamlı bir şekilde içermektedir. Ayrıca, çalışmamız Covid-19'un Avrupa ülkeleri üzerindeki etkileri de incelemektedir. Bu çerçevede, Avrupa Birliği’nin üye devletlere açıklamış olduğu destek önlemleri ve mali yardım programları da araştırmamızın bir uzantısı olarak ele alınmıştır. Bulgularımız hem Fransa hem de Avrupa Birliği için ekonomik öngörüler içermekte olup, 2022 yılından önce ekonominin pandemi öncesindeki seviyelere ulaşamayacağını göstermektedir.

Anahtar Kelimeler

Covid-19, Uluslararası İktisat, Uluslararası Ticaret, Fransa, Avrupa Birliği, Arz ve Talep Şokları Teorisi

Kaynakça

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