THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY
The outlook for global, European, national economies is significantly negatively influenced by the disastrous repercussions of the current COVID-19 pandemic. The majority of countries will experience economic recession and strong contractions of global GDP, which will leave a strong impact on econom...
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| Format: | Article |
| Language: | English |
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Universitatea din Craiova
2020-12-01
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| Series: | Annals of the University of Craiova: Economic Sciences Series |
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| Online Access: | http://feaa.ucv.ro/annals/v2_2020/002.pdf |
| _version_ | 1818594991538176000 |
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| author | Doina Drăgoi |
| author_facet | Doina Drăgoi |
| author_sort | Doina Drăgoi |
| collection | DOAJ |
| description | The outlook for global, European, national economies is significantly negatively influenced by the disastrous repercussions of the current COVID-19 pandemic. The majority of countries will experience economic recession and strong contractions of global GDP, which will leave a strong impact on economies for a long time, with all the effort made by the competent international bodies, the governments of the countries, by applying fiscal, monetary measures in with a view to sustaining economies and mitigating the effects of the current economic crisis. The economies of less developed, developing and even developed countries will be the most affected and the process of recovering losses and recoveries will be long and difficult.Thus, taking appropriate measures with short and long-term effect, in order to reduce the negative impact on economies, is required in the current situation and is a global, European and national priority. |
| first_indexed | 2024-12-16T11:08:55Z |
| format | Article |
| id | doaj.art-b0b75121a8814695b7863049ee38b5e7 |
| institution | Directory Open Access Journal |
| issn | 1223-365X 1843-3723 |
| language | English |
| last_indexed | 2024-12-16T11:08:55Z |
| publishDate | 2020-12-01 |
| publisher | Universitatea din Craiova |
| record_format | Article |
| series | Annals of the University of Craiova: Economic Sciences Series |
| spelling | doaj.art-b0b75121a8814695b7863049ee38b5e72022-12-21T22:33:47ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1223-365X1843-37232020-12-012481830THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMYDoina Drăgoi0University of Craiova, Doctoral School of Economics, Faculty of Economics and Business Administration, Economy Craiova, Romania The outlook for global, European, national economies is significantly negatively influenced by the disastrous repercussions of the current COVID-19 pandemic. The majority of countries will experience economic recession and strong contractions of global GDP, which will leave a strong impact on economies for a long time, with all the effort made by the competent international bodies, the governments of the countries, by applying fiscal, monetary measures in with a view to sustaining economies and mitigating the effects of the current economic crisis. The economies of less developed, developing and even developed countries will be the most affected and the process of recovering losses and recoveries will be long and difficult.Thus, taking appropriate measures with short and long-term effect, in order to reduce the negative impact on economies, is required in the current situation and is a global, European and national priority.http://feaa.ucv.ro/annals/v2_2020/002.pdfglobal perspectiveeconomic developmenteconomic policyeconomic growthbudget deficit |
| spellingShingle | Doina Drăgoi THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY Annals of the University of Craiova: Economic Sciences Series global perspective economic development economic policy economic growth budget deficit |
| title | THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY |
| title_full | THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY |
| title_fullStr | THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY |
| title_full_unstemmed | THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY |
| title_short | THE IMPACT OF THE COVID-19 PANDEMIC ON THE GLOBAL ECONOMY |
| title_sort | impact of the covid 19 pandemic on the global economy |
| topic | global perspective economic development economic policy economic growth budget deficit |
| url | http://feaa.ucv.ro/annals/v2_2020/002.pdf |
| work_keys_str_mv | AT doinadragoi theimpactofthecovid19pandemicontheglobaleconomy AT doinadragoi impactofthecovid19pandemicontheglobaleconomy |