Author(s)

Lijie Huo, Ziyang Tang, Kinsey Ziyu Wang

Corresponding Author

Kinsey Ziyu Wang

ABSTRACT

The outbreak of the new crown pneumonia epidemic at the end of 2019 has brought a huge impact on the development of the world economy. In order to analyze the direction and extent of the impact of the epidemic on the macro economy, this paper analyzes the impact of the epidemic on GDP, unemployment rate, residential expenditure, livelihood and tourism in Sichuan Province, China, based on the actual development of the province, combined with data. The results of this paper show that the outbreak of the epidemic had a significant negative impact on the macroeconomic development of Sichuan, and the economic situation in Sichuan Province showed a significant decline during the epidemic, which reveals that the local government needs to formulate policies that are consistent with the economic recovery of Sichuan Province, such as stimulating local consumption and investment, which has important practical implications for the better development of Sichuan Province in the post-epidemic era. This has important practical implications for Sichuan's development in the post-epidemic era.

KEYWORDS

COVID-19, Sichuan Province, China, Economy developing