ANALYSIS OF REAL GDP GROWTH DURING THE PANDEMIC BASED ON DEVELOPED AND DEVELOPING COUNTRY CATEGORIES
DOI:
https://doi.org/10.29121/granthaalayah.v12.i6.2024.5694Keywords:
Real GDP Growth, Covid-19, Economic GrowthAbstract [English]
Economic growth during the COVID-19 pandemic has become the primary focus in establishing the sustainability and resilience of a country's economy. Economic disparities have also become more evident during this time. Nations with advanced technology can adapt more quickly, while others struggle to catch up.
Economic growth serves as a reflection of resilience and adaptation amid sudden changes. Innovation, collaboration, and resilience are key factors in navigating challenges and building a strong economic foundation for the future.
This research will utilize the Real GDP Growth variable to understand how a country's economy has grown during the COVID-19 pandemic. The study will categorize the researched countries based on their classification as either developed or developing nations. The period under examination spans from 2020 to 2022, employing descriptive statistical methods. The data utilized in this study is sourced from the International Monetary Fund (IMF) as a measurement of Real GDP Growth. The objective of this research is to ascertain the real GDP growth in developed and developing countries during the COVID-19 period within the specified timeframe.
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