The COVID-19 pandemic has a simultaneous impact on the whole world
set of economies but under different mechanisms
both on the supply side and on the demand side. Degree of side effects
depends a lot on the structure of each economy On the economic front, the solutions that
Governments of countries apply as well as
waste of resources to control epidemics and
Negative expectations in economies cause these
enormous loss. The global supply chain is
severe fractures and fragmentation. Economic activity
almost completely paralyzed, especially with economies
economy with high openness. The economies of countries fall
into a state of severe recession, maybe even
many times larger than the crisis year
2008.
When will the pandemic be under control and how long will it take?
overcome its negative effects completely
depending on the evolution of the epidemic situation and
cannot be predicted in advance. At the same time, the fact that a country
Even if you can control the disease, you won't allow it
the economy of that country can recover when
epidemics are still happening in other countries and they are still
apply control measures, especially in the context of
where the economies of the world are closely linked
closely together.