Open AccessCORONAVIRUS AND THE ECONOMY: A CRISIS LIKE NEVER BEFORE OR JUST A TEMPORARY TRIP?
Author(s) -
Katarína Valášková
Publication year - 2020
Publication title -
journal of economic info
Language(s) - English
Resource type - Journals
eISSN - 2708-8448
pISSN - 2313-335X
DOI - 10.31580/jei.v7i3.1749
Subject(s) - anticipation (artificial intelligence) , covid-19 , pandemic , economic recovery , business , national economy , coronavirus , economics , economy , economic policy , economic system , macroeconomics , virology , medicine , disease , pathology , artificial intelligence , biology , outbreak , computer science , infectious disease (medical specialty)
The COVID-19 pandemic has had a negative impact on the activities of all sectors of national economies. Worldwide business shutdowns and national lockdowns destroyed hundreds of million jobs; thousands of enterprises became bankrupt and major economies in Europe faced double-digit collapses. However, the anticipation of the economic recovery is influenced by pervasive uncertainty given by the unpredictable development of the virus.
JEL: B22, H12