Transmission of covid-19 economic shockto the algerian economy : evidence and impacts

Abstract EN

The global economy is living a state of economic recession triggered by the outbreak and spread of Covid-19 virus also known as 'Coronavirus'.

Similar to other countries, Algeria is struggling to face the economic impacts of Covid-19 pandemic spread, in addition to oil falling prices impacts.

Using an analytical approach and based on available reports and data, we try to contribute and give a thorough explanation of international propagation of the Covid-19 economic shock constructed on the existing literature on crises contagion.

Then, we explore possible implications of this global crisis on the Algerian economy.

The main finding of this paper is that Covid-19 shock can be considered so far as a common shock originated from China and transmitted to other countries, combined with independent shocks resulting from confinement measures put in place in all affected countries.

Being as an unprecedented crisis, full collaboration and support of all parties are required more than ever.