CORONA ECONOMIC CRISIS: IMPLICATIONS AND LESSONS

Abstract

The purpose of our study is to reveal the essence and root causes of the current corona-economic crisis, both in terms of the damage caused and the impact on national economies and the world economy, and from the standpoint of its perception by humans, society and authoritative organizations of regional and global importance. In addition to analyzing the main trends and phenomena associated with the pandemic, the task is to study the social and economic consequences, assess the eff ectiveness of policies to reduce the negative impact of states and substantiate the need for all countries to be ready for multilateral and mono-sided cooperation in all areas of public activity. Numerous lessons that need to be learned from the current situation in order to work out a strategy for the development of mankind and individual states, as well as to avoid the repetition of possible mistakes and failures in the future, seem vital. Finally, an attempt is made to predict the state of the global economy after overcoming the consequences of the corona-economic crisis, taking into account current trends, as well as the principled approaches and perceptions of experts, individual organizations and regional associations.