Economic recovery and growth post-COVID-19: A comparative analysis of emerging markets

The COVID-19 pandemic has had a substantial influence on global economies, with emerging regions experiencing distinct obstacles during the recovery phase. This research looks at how trade diversification, investment patterns, and fiscal policies affect GDP growth in 26 developing market economies between 2019 and 2022. Based on World Bank and International Monetary Fund panel data, the study uses regression analysis to identify significant economic factors. The results show that taxing is important for the post-pandemic economic recovery, with a 0.063% increase in GDP growth correlated with a 1% increase in tax rates. However, the short-term effects of trade variety and foreign direct investment (FDI) on economic growth are minimal. At the same time, weak relationships between GDP growth and higher interest rates and unemployment rates imply that other macroeconomic factors might be more important. In addition to highlighting the significance of balanced fiscal policies, the study adds empirical information on post-COVID-19 recovery dynamics to the body of literature. Limitations for the paper can include the short time frame, which would not adequately represent long-term economic adjustments, and other possible autogenous problems. Future studies should examine the effects on particular industries as well as the part that the digital revolution plays in developing nations.