The Impact of the COVID-19 Pandemic Crisis on the Real GDPs of the BRICS Countries and Algeria
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Abstract
The COVID-19 pandemic has led to a recession in the global economy since its onset at the end of 2019. According to the International Monetary Fund's World Economic Outlook report issued in October 2021, the global real GDP growth rate for 2019 was 2.9, then declined and reached -3. The BRICS organisation is a major player in the global economy, and Algeria's application to join it was recently rejected, Therefore, this study aims to discuss the impact of the pandemic on the real GDP of these countries by examining the variables during the pandemic period and the relationship between them, as the study concluded that it had a negative impact as a consequence of the lockdown decision more than being affected by the percentage of deaths from Covid-19 by relying on annual real GDP data and the annual incidence and mortality rate per million population for the countries under study during the pandemic.
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