The paper aims to examine the impact of the COVID-19 pandemic on global economic indicators through three main stages: the pre-pandemic, the pandemic, and the recovery stages. The paper is mainly based on secondary data sources, including books, research papers, scientific articles published in international journals, reports from the World Bank, IMF, and WTO, and national and international statistic agencies regarding the discussed issue. The research field includes the global national product, international trade, international investments, inflation rate, the global poverty and unemployment rate, and the international migration rate. The research found that COVID-19 has negatively impacted the country’s macroeconomic indicators, poverty, and immigration, which varies from country to country and is related to preventive measures, which, in turn, are related to the country’s economic and health capabilities. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.