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VOL. 6, ISSUE 2 (2024)
Public health crises and their economic impacts in the UK
Authors
Danial Kiani
Abstract
Public health crises significantly impact the economy, as evidenced by
recent events in the UK, particularly the COVID-19 pandemic. This crisis
highlighted vulnerabilities in public health systems and the interconnectedness
of health and economic stability. The immediate economic consequences included
widespread job losses, a surge in public spending on health care and social
support, and disruptions in various sectors, leading to a recession. Moreover,
the long-term effects of health crises can exacerbate existing inequalities,
with marginalized communities disproportionately bearing the brunt of economic
downturns. The pandemic also catalyzed changes in consumer behavior and
accelerated the digital transformation of businesses, which, while beneficial
in some respects, has led to increased unemployment in traditional sectors.
Furthermore, the financial strain on the National Health Service (NHS) raised
concerns about the sustainability of health funding amidst rising demand for
services. As the UK continues to navigate the aftermath of the pandemic,
understanding the economic implications of public health crises is essential
for developing effective policies that prioritize both health outcomes and
economic resilience, ultimately guiding future preparedness for similar crises
and fostering a more equitable recovery.
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Pages:85-92
How to cite this article:
Danial Kiani "Public health crises and their economic impacts in the UK". International Journal of Management and Economics, Vol 6, Issue 2, 2024, Pages 85-92
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