Macroeconomic performance of the Czech Republic during the global pandemic crisis
Research background: The global SARS-CoV-2 pandemic is unprecedented for human society. Despite the continuing uncertainty about the future, it is certain that the global consequences of the pandemic will have many dimensions. Among others, the economic impacts are extremely significant. However, th...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2021-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_01031.pdf |
| _version_ | 1818939272758034432 |
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| author | Volejnikova Jolana Kuba Ondrej |
| author_facet | Volejnikova Jolana Kuba Ondrej |
| author_sort | Volejnikova Jolana |
| collection | DOAJ |
| description | Research background: The global SARS-CoV-2 pandemic is unprecedented for human society. Despite the continuing uncertainty about the future, it is certain that the global consequences of the pandemic will have many dimensions. Among others, the economic impacts are extremely significant. However, the sudden slowdown in economic activity, the declared quarantines, and the state of emergency have many specific impacts in individual countries. The Czech economy (as well as other countries in the world) was exposed to an unexpected exogenous shock. The data confirm that, in 2020, the decline in the performance of the Czech economy was the deepest in its history.
Purpose of the article: The primary goal of this article is to analyze the macroeconomic performance of the Czech Republic during a pandemic crisis. However, we also research the impact of the pandemic on individual sectors of the national economy in the context of government measures.
Methods: The analytical part of the article is processed on the basis of publicly available statistical data, economic analyses, and economic forecasts of renowned institutions. The derivation and argumentation of the conclusions are based on an empiric-inductive approach, methods of synthesis, and comparison.
Findings and value added: The article maps the direct and mediated macroeconomic effects of the pandemic crisis in the reality of the Czech Republic. At the theoretical level, the aim of the article is to bring new knowledge to current economic theory, especially in the field of macroeconomics and sectoral analysis as well as the theory of public choice. |
| first_indexed | 2024-12-20T06:21:07Z |
| format | Article |
| id | doaj.art-1dac51bcd3e941c5b7c82386126d8fee |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-12-20T06:21:07Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-1dac51bcd3e941c5b7c82386126d8fee2022-12-21T19:50:24ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011290103110.1051/shsconf/202112901031shsconf_glob2021_01031Macroeconomic performance of the Czech Republic during the global pandemic crisisVolejnikova Jolana0Kuba Ondrej1University of Pardubice, Faculty of Economics and Administration, Department of Economic SciencesUniversity of Pardubice, Faculty of Economics and Administration, Department of Economic SciencesResearch background: The global SARS-CoV-2 pandemic is unprecedented for human society. Despite the continuing uncertainty about the future, it is certain that the global consequences of the pandemic will have many dimensions. Among others, the economic impacts are extremely significant. However, the sudden slowdown in economic activity, the declared quarantines, and the state of emergency have many specific impacts in individual countries. The Czech economy (as well as other countries in the world) was exposed to an unexpected exogenous shock. The data confirm that, in 2020, the decline in the performance of the Czech economy was the deepest in its history. Purpose of the article: The primary goal of this article is to analyze the macroeconomic performance of the Czech Republic during a pandemic crisis. However, we also research the impact of the pandemic on individual sectors of the national economy in the context of government measures. Methods: The analytical part of the article is processed on the basis of publicly available statistical data, economic analyses, and economic forecasts of renowned institutions. The derivation and argumentation of the conclusions are based on an empiric-inductive approach, methods of synthesis, and comparison. Findings and value added: The article maps the direct and mediated macroeconomic effects of the pandemic crisis in the reality of the Czech Republic. At the theoretical level, the aim of the article is to bring new knowledge to current economic theory, especially in the field of macroeconomics and sectoral analysis as well as the theory of public choice.https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_01031.pdfglobalizationsars-cov-2macroeconomicsgovernment actionczech republic |
| spellingShingle | Volejnikova Jolana Kuba Ondrej Macroeconomic performance of the Czech Republic during the global pandemic crisis SHS Web of Conferences globalization sars-cov-2 macroeconomics government action czech republic |
| title | Macroeconomic performance of the Czech Republic during the global pandemic crisis |
| title_full | Macroeconomic performance of the Czech Republic during the global pandemic crisis |
| title_fullStr | Macroeconomic performance of the Czech Republic during the global pandemic crisis |
| title_full_unstemmed | Macroeconomic performance of the Czech Republic during the global pandemic crisis |
| title_short | Macroeconomic performance of the Czech Republic during the global pandemic crisis |
| title_sort | macroeconomic performance of the czech republic during the global pandemic crisis |
| topic | globalization sars-cov-2 macroeconomics government action czech republic |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2021/40/shsconf_glob2021_01031.pdf |
| work_keys_str_mv | AT volejnikovajolana macroeconomicperformanceoftheczechrepublicduringtheglobalpandemiccrisis AT kubaondrej macroeconomicperformanceoftheczechrepublicduringtheglobalpandemiccrisis |