An Intelligent Algorithm to Predict GDP Rate and Find a Relationship Between COVID-19 Outbreak and Economic Downturn.

Amir Masoud Rahmani, Seyedeh Yasaman Hosseini Mirmahaleh
Author Information
  1. Amir Masoud Rahmani: Future Technology Research Center, National Yunlin University of Science and Technology, Douliou, 64002 Taiwan.
  2. Seyedeh Yasaman Hosseini Mirmahaleh: Department of Electrical Engineering, Science and Technology, Lille University, 59000 Lille, France. ORCID

Abstract

With the spread of COVID-19, economic damages are challenging for governments and people's livelihood besides its dangerous and negative impact on humanity's health, which can be led to death. Various health guidelines have been proposed to tackle the virus outbreak including quarantine, restriction rules to imports, exports, migrations, and tourist arrival that were affected by economic depression. Providing an approach to predict the economic situation has a highlighted role in managing crisis when a country faces a problem such as a disease epidemic. We propose an intelligent algorithm to predict the economic situation that utilizes neural networks (NNs) to satisfy the aim. Our work estimates correlation coefficient based on the spearman method between gross domestic product rate (GDPR) and other economic statistics to find effective parameters on growing up and falling GDPR and also determined the NNs' inputs. We study the reported economic and disease statistics in Germany, India, Australia, and Thailand countries to evaluate the algorithm's efficiency in predicting economic situation. The experimental results demonstrate the prediction accuracy of approximately 96% and 89% for one and more months ahead, respectively. Our method can help governments to present efficient policies for preventing economic damages.

Keywords

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