Global Financial Crisis, Smart Lockdown Strategies, and the COVID-19 Spillover Impacts: A Global Perspective Implications From Southeast Asia

Abstract

This present study primarily emphasizes to seek the COVID-19 adverse impacts posing health challenges and global economic crisis. The pandemic (COVID-19) continues to hit the global economies adversely. Pakistan is the 5th-most-populous nation, and recorded positive cases with the third-highest positivity ratio in South Asia, and 26th-highest deaths toll of 21,450 and 29th number of most COVID-19 positive cases with 933,750 worldwide, as of June 6, 2021. The first wave appeared at the end of May 2020, and mid of June reported its peak, which ended by mid-July 2020. Early November 2020 witnessed the second wave with low intensity reached the climax by mid-December. The COVID-19's third wave severely affected the country during mid-March 2021. It exhibited the highest positivity rate, around 20%. New positive patients and deaths toll commenced to skyrocket and reported peak by April 15, 2021. Then situation gradually improved with effective measures and restrictions. The pandemic coronavirus (COVID-19) has affected 220 territories, regions, and countries and resulted in more than 174.116 million infections, deaths, 3.75 million, and 157.157 million positive cases fully recovered from this infectious disease, as of June 7, 2021. The pandemic has caused a severe crisis of healthcare facilities and economic challenges worldwide. Pakistani economy reported GPD's negative growth (–0.05) for the first time over the last 60 years in 2020, which caused a massive financial crisis. The Government's relief package intervened to reduce public mental stress and improve the quality of their lives. IMF reported that Pakistan's GPD bounced back at 4% growth by June 2021. This article determines that economic instability and health burden happened in Pakistan for a longer time than financial disequilibrium that occurred globally. Pakistan encountered this crisis due to its feeble healthcare systems and fragile economy. This study explores adverse health issues and spillover consequences on the economic crisis in Pakistan with global implications. It recommends smart lockdown restrictions in most affected areas to reopen the economic cycle with strict preventive measures to minimize the COVD-19 adverse consequences.

Religious Affiliation, Daily Spirituals, and Private Religious Factors Promote Marital Commitment Among Married Couples: Does Religiosity Help People Amid the COVID-19 Crisis?

“…There are numerous ways to reduce the adverse consequences of the pandemic, such as social media users interacting with friends and family through digital technologies, virtual working environments, and practices of religious beliefs (Galea et al, 2020;Koenig, 2020;Abbas et al, 2021b). The literature evidenced that various elements help promote and inhibit life satisfaction of individuals: a specific note of this study described that spirituality and religiosity play an indispensable role as religions help provide psychological resources, which have a positive linkage to psychological wellbeing (Barreto et al, 2015;Taufik et al, 2021;Wang et al, 2021). Internet use and innovative strategies amid COVID-19 pandemic provide updated information for better mental health solution (Jafari et al, 2010;Azizi et al, 2021;Khazaie et al, 2021).…”

Experiences of Polish Tourists Traveling for Leisure Purposes during the COVID-19 Pandemic

“…In reaction to the crisis governments of the affected countries developed strategies aimed at counteracting and limiting the impact of the pandemic on the economy [10,11], including the tourism industry [12][13][14][15]. The crisis in tourism began in March and April 2020.…”

Digitization of the Customs Revenue Administration as a Factor of the Enhancement of the Budget Efficiency of the Russian Federation

“…One of the main goals of this project is to introduce modern digital technologies in Russia's public administration system, including the system of customs administration [52]. In the context of recent changes in the global economy related to the COVID-19 pandemic, it is necessary to pay attention to studies concerning transformation processes in general [53][54][55][56] and in import-export operations in particular [57][58][59]. In our study, we examine the dynamics of Russia's international trade and the impact of the pandemic on it.…”