Introduction
World has faced many natural and unnatural disasters from past to present. Today, many adversities, including epidemics and particularly climate change, cause the world to be affected economically and socially, and these negativities cause them to become global.
The epidemic, which was announced to have emerged in Wuhan City, Hubei Province in China, at the end of 2019, started to affect the whole world as of the beginning of 2020 and soon this was announced to the world as a “pandemic” by the World Health Organization (WHO) in March 2020. From the first emergence of the epidemic until today, it has adversely affected and continues to affect the whole world economically, without exception, and especially the health conditions. As a result of the COVID-19 pandemic, the global economy has stalled. The economies around the world have begun to face a collapse. COVID-19 has brought the whole world to an important historical turn. In this historical turn, the whole world has focused on two main points. The first one is to combat the epidemic, to minimize the loss of life, and to get rid of the epidemic, and the second is to take measures today to prevent the crises and damages that will occur in the post-epidemic economies. This study examines economic and financial measures taken to mitigate the financial impact of the pandemic in Turkey and selected countries after the International Monetary Fund (IMF) and other international organizations declared that the world would go into recession following the pandemic. In the first part of the study, the emergence of the COVID-19 outbreak and the process of reaching a global dimension are discussed. The second part addresses the economic impact caused by the pandemic and the last section reveals the fiscal measures taken against the pandemic in selected countries, particularly Turkey.5.2
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