Open AccessHow to Prevent Deep Recession of the National Economy
Author(s) -
Володимир Борейко
Publication year - 2020
Publication title -
vìsnik akademìï ekonomìčnih nauk ukraïni
Language(s) - English
Resource type - Journals
ISSN - 1729-7206
DOI - 10.37405/1729-7206.2020.1(38).6-9
Subject(s) - recession , financial crisis , state (computer science) , economic policy , economic recovery , economics , covid-19 , business , global recession , national economy , development economics , finance , macroeconomics , economic system , medicine , disease , algorithm , pathology , computer science , infectious disease (medical specialty)
The article reveals that the global and national eco-monies are developing cyclically, so Ukraine needs to prepare in advance for the financial and economic crises that are inevitable. It was determined that the current recession of the national economy will be intensified by problems associated with the spread of coronavirus disease into the country and the introduction of quarantine in this regard. It is proposed that state authorities introduce a set of proactive measures to prevent a recurrence of the crisis of 2008–2009. It is grounded that the state’s actions to reduce the tax and social burden, preserve jobs and attract new investments will help minimize the effects of the crisis and, together with a balanced financial policy of enterprises, will allow Ukraine to limit financial and economic shocks and prevent a deep recession.Keywords: national economy, financial crisis, recession, quarantine, tax burden, jobs, discount rate.