This paper predicts Coronavirus Disease (COVID19)'s potential influence on the Arab country's economy by using
the Autoregressive Integrated Moving Average (ARIMA) model.
The world bank offers data of the Arab countries' Gross Domestic Product (GDP) over the period 1960-2019. As we show up at
the pinnacle of the COVID-19 pandemic, quite possibly the most
critical inquiry going up against us is: what is the potential impact of the progressing crisis on the Arab countries' economic
improvement rate? The results have shown that the GDP growth
is approximately -3.8% to 1.5% for 2021 and 2022, respectively.
The referenced outcomes show that pandemic status significantly
affects the Arab world economy special after the energy demand
decline, which prompts a fall in oil price. In spite of the fact that
the Arab world's financial development is growing again, it is not
most likely going to re-visitation of business as usual for quite a
while to come. |
