Covid-19 and the financial impact of lockdown: a systematic review

Abstract

During the first phase of the coronavirus pandemic (COVID-19/SARS-CoV-2), countries around the world implemented a series of containment policies, such as the implementation of lockdown. From this, the purpose of this paper is to analyze and classify the main studies published in the field of finance on the possible impacts to the world economy due to the implementation of lockdown to prevent the spread of the COVID-19 pandemic, through a systematic review in the literature of the business and economics research area, which seeks to discover the perspective, compare with the results found post-lockdown, and outline avenues for conducting future research. Through a reasoned selection, with previously established inclusion and exclusion criteria, the studies selected for this review were obtained. Initially, 13 studies formed the systematic review. Based on this, two topics were established for discussion: 1) Pandemic in the Economy of Countries and 2) Global Market with Lockdown Implementation. Then, an update of the bibliographic portfolio was performed, which resulted in the inclusion of 09 articles, which resulted in topic 3) Analysis of the Real Financial Impact of Pandemic in 2020. Based on the findings, it was found that most of the statistical prediction of the economic effects of the lockdown were correct. However, these results cannot be generalized, as the management perspective of the lockdown and the way the population behaves in the face of it can influence the results. Thus, different evidence was identified, in which evidence from countries with a positive economic output reflects on future crisis management and follows as an example for others.