ABSTRACT
This paper analyzes the reported COVID-19 cases in some largely affected countries around the world and accurately predicts the future values of new, death, recovery, and active COVID-19 cases for effective decision making. The objective is to provide scientific insights for decision makers in these countries to avoid higher levels of severity and large waves of infections. The data for this study were obtained from COVID- 19 stylized facts, extracted from the well-known worlddometer website and verified against the WHO's COVID-19 Dashboard, Johns Hopkins University's COVID-19 Dashboard, and CDC from mid of February 2020 - Early April 2020. The data covered the highest five affected countries, namely, Brazil, India, Russia, South Africa, and the USA. The data were analyzed using time series forecasting model and presented pictorially in graphs bar charts and pie charts. Based on the outcome of the analyzed data, it was concluded that the predicted COVID-19 cases will reach the peak at the end of September 2020 and if the outbreak is not controlled, the studied countries may face inflated numbers and severe shortage of medical facilities that may worsen the outbreak. The paper concludes by few important recommendations about comprehensive and necessary actions that the government and other policymakers of these countries should take in order to control spread of the virus. © 2005 - ongoing JATIT & LLS.
ABSTRACT
The study examined the relationship between COVID-19: a Situation Analysis of Nigeria’s Economy. To carry out this study, one specified research objective was set in which the null hypothesis was formulated and used for the study. The research design for this study is an Export Facto design. Data for the study were extracted from government official documents and they were subjected to The Philip Peron (PP) test analysis using Bartlett-kernel procedure to determine the bandwidth for the test. The study concluded that in the long-run, impact of COVID-19 on Nigeria's economy is positive as expected, indicating that a unit decrease in oil price as a result of the COVID-19 increases Nigeria’s economy stress by 0.005 units. The result is also statistically significant. And also, recommended that the government should intensify efforts to curb the spread and effect of the virus to promote a healthy environment where economic activities can continue. A moratorium should be given to some SMEs, industries, businesses to help their business sprout again. Because of them has used the business working capital/operational cost for family feeding during the lock-down. The government can give interest-free loans to help some stressed business swing into operation. © 2020, Hampstead Psychological Associates. All rights reserved.