Post-COVID-19 economic recovery and growth: A comparative study of emerging markets

The COVID-19 pandemic deeply disrupted the global economies, highlighting the weakness of healthcare systems, workforce infrastructure, and fiscal policies. This study explores the key factors which influencing the economic recovery and growth after COVID-19 by focusing on foreign direct investment, healthcare expenses, external debt, and inflation for 87 countries. By doing quantitative analysis, the research highlights that external debt has significant negative impact on GDP growth, which slower down the recovery of economic of the countries. While other significant variable is foreign direct investment which making positive impact on GDP growth to recover the economics of the countries faster. The study also highlights by transforming in digitalization, working on labor market, improving healthcare infrastructure, and adopting technology can make a sustainable economy which can accelerate the growth for long-term. The study also highlights some strategies just like international collaboration, investment in healthcare, fiscal policy reforms can help the economic to be stabilize faster. This also explores that tourism and small business affected badly compared to other industries within the countries for COVID-19, to invest in these sectors or to help to start these sectors again will be beneficial for the country and for the individual as well who involved in these two sectors. Unlike previous studies, the study shows the importance of the government policies which support to recover the economic, individual development and skills, investment in sustainable resources and digital adoption can put great value in long-term economic growth. This study can be a good resource for policymakers who are trying to build a sustainable balanced economy by keeping in mind the disparities caused by the COVID-19 pandemic.