摘要：The Covid-19 outbreak, which occurred in Wuhan, China's Hubei province in December 2019, had a global impact and was declared as an pandemic by WHO on March 11, 2020. While pandemic has locked the national health system, it has also triggered negative dynamics such as a series of selfstrengthening social and economic damages. In a strongly connected and integrated world, the effects of the disease beyond death, insufficiency and uncertainty have become evident since the outbreak. In the absence of vaccine or effective treatment, governments responded by applying unprecedented containment and mitigation measures. This led to large short-term economic losses and a decline in unprecedented global economic activities. Although the most important risk arising from outbreak diseases is public health, breakdown throughout the economy also brings up related crises. Throughout history, humanity has faced many outbreaks diseases. While outbreaks caused mass deaths, the productivity and loss of labor caused by the disease caused economic stagnation, with effects such as slow trade. Covid 19 shows similarities with the effects of past outbreaks. However, the most important feature that distinguishes Covid-19 from other outbreaks is that it does not concentrate only on developing countries and underdeveloped countries, and it affects all countries beyond the level of development and creates uncertainty. Therefore, the evolution of the disease and the uncertainty of its economic impact make it difficult for policymakers to formulate an appropriate macroeconomic policy response. In this study, economic and social changes and transformations caused by major outbreaks in the 20th and 21st centuries were examined. In the light of these changes, it is aimed to make some predictions and suggestions about the process for the economic effects of Covid-19.
