Abstract
Unpredicted COVID-19 pandemic in 2020 has generated the worldwide shocks for countries, changed everyday life for millions of people, stressed businesses and international relations. Pandemic shocks have had strong economic impact on contractions of industries and services, continuing international economic volatility and recession. Economic shocks and their influence on the European economies are complex, foresights of recovery looks uneven. Shocks implications are causing the lasting international economic risks. The major international economic risks currently are uncertainty, recession duration and cost risk, disproportionate recovery risk, regional economic differentiation, international supply chains risks, global debt risk. Recovery prospects are dependable on risks, medical crisis mitigation and targeted economic policies implementation.
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