Price Variation in Lower Goods as of Previous Economic Crisis and the Contrast of the Current Price Situation in the Context of COVID-19 in Peru

Abstract

The following chapter aims to investigate the impact on the prices of inferior goods from COVID-19, a global pandemic with a spread never before seen, and in order to stipulate the possible consequences, a contrast was made with past world crises in order to speculate the state in which the country and its citizens would be economically benefited. The chapter has been based on articles previously carried out by specialists, said essays, likewise, that have been contrasted by different authors; therefore, it could be stipulated that the methodology used throughout the trial was the one applied, since it was based on prior knowledge from great scholars on the subject. The results found indicate that, even though the country is in an uncertain outlook, the possibilities of economic recovery are high since previous economic crises denote large drops in money fluctuation with a high rate of recovery.

Citation

Leiva-Martinez, M.-A., Anderson-Seminario, M.d.l.M., Alvarez-Risco, A., Estrada-Merino, A. and Mlodzianowska, S. (2021), "Price Variation in Lower Goods as of Previous Economic Crisis and the Contrast of the Current Price Situation in the Context of COVID-19 in Peru", Lawrence, K.D. and Klimberg, R.K. (Ed.) Advances in Business and Management Forecasting (Advances in Business and Management Forecasting, Vol. 14), Emerald Publishing Limited, Leeds, pp. 161-166. https://doi.org/10.1108/S1477-407020210000014011