Abstract
In the current conditions, the coronavirus-caused epidemic has challenged the world economy and national economies, facing the fact of economic crisis. Creating a deep crisis, it carries risks of disrupting global and regional economies. According to the IMF, world GDP shrank by 3.1% in 2020, including by 4.5% in developed countries and 2.1% in developing countries. World trade in goods and services decreased by 8.2%. Although the global economy is already recovering in 2021, the coronavirus is still considered a serious threat. It is characterized by high rates of spread, which leads to the unpredictability of any impact. That's why scientists at Singapore University of Technology and Design recommend not making predictions about the epidemic, as traditional forecasting models designed to make accurate predictions now and in the future can lead to misunderstandings in extreme uncertainty. The Corona Crisis or the “Great Quarantine” can serve as a historical test of the “strength” of the economic space of the EEU states.
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