Deep Recession Research Articles

Ebstein anomaly, left ventricular hypertrabeculation and ventricular septal defect associated with a myh7 mutation

Abstract Funding Acknowledgements Type of funding sources: None. Ebstein anomaly is an extremely rare anomaly of <1% among all congenital heart diseases. Pathologically, the septal and / or posterior leaflet of the tricuspid valve has abnormal locations towards the right ventricular apex. Ebstein anomaly is especially accompanied by atrial septal defect, patent ductus arteriosus, wolf parkinson white syndrome and pulmonary atresia. Defects located in the interventricular septum are called the ventricular septal defect (VSD). They can be single or multiple and congenital or acquired. Isolated VSDs are the most common congenital anomaly in childhood and constitute 20-30% of all congenital heart diseases. VSD can be a part of major congenital malformations ,such as, fallot tetralogy, transposition of the major arteries, double ventricular right ventricle. Left ventricular noncompaction (LVNC) is a relatively common genetic cardiomyopathy, characterized by prominent trabeculations with deep intertrabecular recesses in mainly the left ventricle. Although LVNC often occurs in an isolated entity, it may also be present in various types of congenital heart disease . A combination of Ebstein anomaly, hypertrabeculation and ventricular septal defect is a rare condition. Case Report A 49-year-old male patient presented to the emergency room with shortness of breath and swelling of the legs. The patient had diagnosed an Ebstein anomaly while the military examination in 1988. Already it ‘s known that he has gout disease and uses colchicine but no family history of any disease. On examination of the patient, bilateral ral in respiratory sounds and +++ / +++ pretibial edema in the lower extremity were detected. On his electrocardiogram, the sinus rhythm with first-degree atrioventricular block was observed. The findings on his echocardiographic examination are ejection fraction 30-35% with global left ventricular hypokinesia, Ebstein anomaly (Figure ), perimembranous type VSD, atrial septal aneurysm type 2 and left ventricular hypertrabeculation. His blood table was normal. Medical treatment of heart failure was started for the patient who was interneed to the service. After getting clinical relief, the patient was discharged under medical treatment. Genetic tests were studied while following up at the heart failure outpatient clinic. In the MYH7 gene, splice-acceptor-2 (PVS1) variation heterozygous was detected. This variant has not been seen in national data banks of genetics. Conclusion The MYH7 gene, localized on chromosome 14p12, is composed of 41 exons and encodes the b-myosin heavy chain, expressed in cardiac muscle. Mutations in the MYH7 gene have been identified in association with left ventricular hypertrabeculation and Ebstein anomaly. In conclusion, this is the first known report of Ebstein anomaly associated with the splice-acceptor-2 variation heterozygous of the MYH7 gene. Abstract Figure

Germany

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep recession in the first half of 2020. The gradual easing of containment measures since late-April has led to a partial revival of growth, but in late-October a “lockdown light” was announced to counter a new wave of infections, and restrictions were further tightened in mid-December. Significant risks remain about the pace and extent of the recovery as the uncertain course of the epidemic continues to impact economic activity.

Venezuela: Autocratic Consolidation and Splintered Economic Liberalization

In 2020, Venezuela has gone through a process of autocratic consolidation. This consolidation has taken place amid substantial economic reforms that have allowed the government of Nicolas Maduro survive sustained international and domestic pressure. In this article, we analyze this process of autocratic consolidation. We explain how, by focusing on the establishment of an “interim-government” in 2019, the Venezuelan opposition has been unable to coordinate an inclusive strategy to successfully bring about a democratic breakthrough and instead became further divided. We address the economic transformations witnessed in the country as policies of fragmented liberalization through opaque privatizations and an uneven multi-currency system, which have resulted from a deep recession, the collapse of the oil economy and sanctions. Finally, we discuss the implications of these political and economic processes for the social fabric of the country. We highlight that despite the government’s attempts at criminalizing autonomous activism, the relative strengths of civil society allowed the survival of minimal democratic spaces that have spurred dialogue and resistance.

Some global economic realities and environmental impact in the context of the pandemic: causes and trends

The article examines some of the world’s economic realities in the context of a pandemic. It is noted that the world will experience the economic consequences of the pandemic for several more years. Well-established supply chains have been disrupted, some cranes have fallen into deep recessions, and the recovery of some of the world’s leading economic sectors is still in doubt. No one could have imagined that such a large industry as the oil industry, in the literal sense, will go into negative territory, and the air carriers will remain practically out of work. However, this took place in real life and was reflected in economic history. Therefore, in order to overcome these negative trends in the future, it is necessary to learn from the mistakes of today, this will make it possible to prevent the shutdown of economically important industries in the future and allow the economy to develop, even if not at a high pace, but still within the framework of a certain progressive development.The purpose of the work is to analyze some of the economic events that took place during the pandemic in order to identify the causes of their occurrence and further development trends.

PROBLEMS AND PROSPECTS OF THE WORLD BIOTECHNOLOGICAL MARKET DEVELOPMENT

Introduction. In recent decades, biotechnology industries have created the preconditions for the development of high-tech sectors in developed countries and provided opportunities for the transition to a model of sustainable development. According to experts, biotechnology in the coming decades will help improve human life, capable of becoming one of the fastest growing and most profitable sectors of the XXI century. The industry is high-tech, which determines the specifics of the innovation process and investment. The development of biotechnology is impossible without the coordinating and motivating role of the state, which will create a favorable environment for the development of biotechnology industries - an appropriate ecosystem, which will be an environment for effective interaction between all market participants. The formation of such an ecosystem depends on the formation of an effective institutional environment, the availability of resources and economic entities and the formation of effective interaction between participants through the creation of networks and the development of appropriate organizational forms.Purpose. The purpose of the article is to determine the features, problems and prospects of the global biotechnology market.Results. Features of geographical and commodity structure of the world biotechnological market are considered. It is determined that the conditions for the development of the biotechnology market are diversified sources of funding, but also relevant research and development resources, existing biotechnology companies capable of production, infrastructure that will promote the commercialization of finished products, intellectual property protection system. The factors of supply and demand are determined and it is substantiated that without purposeful state support the development of the biotechnology market is impossible.Originality. Factors of supply and demand in the biotechnological market are determined. Factors in demand for the biotechnology market in developed countries are high health care costs, high manufacturability of all industries, the desire to implement resource-saving and environmentally friendly technologies, the development of alternative energy. The main factors of supply in the biotechnology market are the availability of biotechnology companies with highly qualified specialists, the level of state support, the availability of basic technologies and the development of funding sources.Conclusion. The deep recession in the modern world economy and internal imbalances will lead to positive changes in the biotechnology industries, which will affect both product and geographical structure. The main drivers of growth will be developing countries as a result of stimulating policies to support biotechnology and cheaper resources. The dominant position in all markets will be occupied by developed countries as a result of significant investment in research and development, but large TNCs will increasingly take advantage of outsourcing, which will create additional opportunities for developing countries. The consolidation of key TNCs in biotechnology markets will be enhanced by their desire to integrate into their structure or to cooperate with research institutions and small innovative companies in various fields of biotechnology. Therefore, it is important for each country to develop its own mechanisms to intensify the development of biotechnology industries given the resource potential, production capacity and future markets.

Суверенные инвестиционные фонды: уроки коронакризиса

The paper deals with the sovereign wealth funds’ (SWFs) reactions to the economic and geo-political turbulence of 2020 emerged from COVID 19 pandemic. In recent decade, SWFs as state-run investment vehicles have proved to be the fastest growing group of institutional investors and have noticeably strengthened their role in the global financial system. According to the latest estimates, their cumulative AUM reached 9.1 billion US dollars as of December 2020. There are persuasive evidences that top 10 SWFs from Norway, China, Singapore, Persian Gulf and some other nations have evolved into full-fledged market-driven investors with an active portfolio management strategy. The fact that they continue to contribute the lion’s share (around 2/3) into the integral figures of SWFs’ performance as a group explains why the pandemic failed to undermine their progress. Also, it should be taken in mind that, in contrast to GFC of 2008–2009, the recent coronacrisis was featured by a seemingly surprising gap between the deep recession in real sector businesses and eventual growth of basic indexes of capital markets. Generally, this turned good for the financial market community, including many SWFs. For instance, the world’s largest Norwegian GPFG, despite an urgent sellout of some of its assets in order to help the national government in financing somewhat undermined state budget in the situation of deep slump at world oil market, reported, by the end of the year, the 10.9% operational profit and 8.2% increment of AUM (in terms of local currency). In the upcoming years, we may see the state funds vehicles to increasing change the whole landscape of the global investment playfield. It is highly likely that the post-COVID turbulent environment will increasingly push the SWFs not only to seek for viable alternatives to the increasingly fading traditional fixed-income instruments but to fundamentally change the mandates and the modes of operation. The traditional stabilization and saving state investment funds will step down in favor of a subgroup of the so called strategic SWFs, such as Singaporean Temasek, Chinese CIC, Saudi PIF, Indian NIIF, Malaysian Khazanah, Turkish TVF, Bahraini Mubadala, and Russian RDIF. Basically, they are charged to operate as the catalysts of national economic and social development. It may be expected that in the near future this category of state investors will see a growing number of newcomers.

After-Effects of the Covid-19 Pandemic: Prospects for Medium-Term Economic Damage

The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities—typically associated with worse scarring—have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies.

Preventing the Next Financial Failure Post–COVID–19

While the U.S. economic position today is unlike any period in modern U.S. history, understanding the cyclical nature of financial regulation and economic behavior patterns delivers valuable insights for mitigating risk in the current environment. Spanish philosopher George Santayana is credited for the aphorism, "those who cannot remember the past are condemned to repeat it," but analyzing the last 100 years reveals patterns during periods of recession and recovery identified in this paper as the cycle of financial stability and the funnel of economic emergency. Historical patterns, economic data, and evaluation of current U.S. regulation indicate the looming threat of financial failure following the COVID-19 pandemic, making the crisis of 2020 a recession triggering event that ultimately leads to greater economic disaster. The U.S. has experienced economic crisis several times throughout history, but today's unique challenges require a different financial regulation approach. The absence of technology policies, lack of data privacy regulation, deregulated areas of the financial industry, and the nebulous industry/agency relationship create hurdles for ensuring financial stability. Without correcting financial regulation, introducing digital assets and technology conglomerates to the financial sector will result in unknown global pressure exacerbated by legislative deficiencies, drastically increasing systemic financial risk. Leveraging results from comprehensive analysis, the U.S. can prevent impending financial failure through effective financial regulation and ensure stability as the nation recovers from a deep recession and national debt crisis due to consecutive, compounding economic disasters.

Okunov zakon i ocjena stimulansa za ekonomiju Bosne i Hercegovine

The effects of coronavirus pandemics are omnipresent in the national economy of Bosnia and Herzegovina. Output and unemployment are probably the most important variables for measuring the negative effects of the pandemics from a macroeconomic perspective. Different organizations, both national and international, have announced their autumn and winter prognoses of these variables for 2020. None of them are optimistic. The Bosnian economy is in the worst situation in the last two decades. International Monetary Fund approved US$ 361 million in urgent support to B&H in 2020 to alleviate the COVID-19 negative economic consequences. This paper aims to investigate the potential economic impact of that financial support with the application of simple arithmetic. In the paper, Okun's law is used as a methodological framework to assessing the effects of the IMF's rapid financial instrument. The relationship between the real economic growth and change in the unemployment rate is estimated for the B&H economy. Findings of the paper show that the IMF financial support effect amounts to about 3.7% of GDP in B&H. Effects on the unemployment rate are estimated to 2.3 percentage points less than what it would otherwise have been. Since the early estimations of the GDP in B&H indicated a deep recession in 2020 this financial support proved to be an insufficient stimulus to the B&H economy. Decision-makers in the country should be aware of their responsibility for providing larger stimulus packages to avoid bad economic and social outcomes soon.

Tackling Large Outliers in Macroeconomic Data with Vector Artificial Neural Network Autoregression

We develop a regime switching vector autoregression where artificial neural networks drive time variation in the coefficients of the conditional mean of the endogenous variables and the variance covariance matrix of the disturbances. The model is equipped with a stability constraint to ensure non-explosive dynamics. As such, it is employable to account for nonlinearity in macroeconomic dynamics not only during typical business cycles but also in a wide range of extreme events, like deep recessions and strong expansions. The methodology is put to the test using aggregate data for the United States that include the abnormal realizations during the recent Covid-19 pandemic. The model delivers plausible and stable structural inference, and accurate out-of-sample forecasts. This performance compares favourably against a number of alternative methodologies recently proposed to deal with large outliers in macroeconomic data caused by the pandemic.

Economic consequences of resource trade-offs for special disaster-blessed industries: the case of COVID-19 pandemic Economic consequences of COVID-19 pandemic

The new COVID-19 pandemic has spread to almost every nation in the world. Most of the available literature on the economic effects of COVID-19 focuses mainly on the recessionary effects of COVID-19 on different industries and aggregate economies. However, some industries, such as masks (surgical and N95, etc.), ventilators and miscellaneous medical services, benefit economically from the current COVID-19 disaster. More and more resources have been diverted to these industries due to the increased demand of these special industries. Excessive demand from these special industries will eventually return to normal or, under special conditions, fall below their normal (usual) demand once the pandemic has ended. Which, in turn, will not only affect these special industries, but can also have an impact on the recovery of aggregate economies around the globe. The study presents a comprehensive model for the different phases of the short-term lifecycle of these special industries. Presentation of the working and economic backlash resulting from the eventual decline in demand of these industries may encourage world economic policymakers to look beyond the current disastrous situation and to devise the necessary monetary and fiscal policies for the future COVID-19 free era. Otherwise, it will be difficult for the economies recovering from COVID-19 pandemic to move back to normal functioning, because the additional resources (such as labor and capital) allocated to these special industries may be idle for some time, which may increase the burden and drag the recovering economies of the COVID-19 pandemic into a deeper recession even when the pandemic is over.

The rise and rule of zombie banking in Cyprus

The Government has facilitated and protected the banks on a stand and motto that “without banks there is no economy”. However, eight years after the financial crisis that culminated to the infamous Bail-In in Cyprus the country remains heavily indebted with private debt exceeding by at least three times the GDP. In such conditions banks, rather than supporting the real economy in unfavourable conditions, engage in a predatory role by which to extract as much as possible from the collateral and guarantees they hold their balance sheet. The Government is at the very least myopic in its approach to trust the banks to bring about economic recovery. In the author's opinion this policy is sinking the economy into a long and deep balance sheet recession.

“A Logical Reasoning of Spongy Myocardium”- A Case of LV Non Compaction Cardiomyopathy

Left ventricular noncompaction cardiomyopathy (LVNC) or spongy myocardium is a rare congenital disorder prominently distinguished by deep abnormal trabeculations and intertrabecular recesses which communicate with the ventricular cavity that can be detected on Transthoracic Echocardiography (TTE) or cardiac MRI (CMR) studies. LVNC can occur in isolation or coexists with other cardiac and/or systemic anomalies and the common clinical complications are heart failure, arrhythmias, and cardio embolism. The American Heart Association classified it as a primary genetic cardiomyopathy. We described the case of a 28years old young adult who presented with heart failure for the first time. Transthoracic echocardiography showed a trabeculated, sponge-like appearance of the ventricular apical and inferolateral segments. Following evaluation with CMR imaging revealed non compaction of the left ventricle. Here we discussed the diagnosis of this case and reviewed the medical literature that concerned to LVNC.

БОРГОВА БЕЗПЕКА ЯК ІНДИКАТОР РОЗВИТКУ ФІНАНСОВОГО РИНКУ УКРАЇНИ

The article reveals the essence of state debt security and examines the threats to state debt security in the context of minimizing their negative impact and increasing the efficiency of the public debt management system. In determining the essence of state debt security and the study of threats to state debt security in the context of minimizing their negative impact and improving the efficiency of public debt management system, it was determined that debt security is the basis of economic sovereignty, resilience of its financial system to internal and external threats and implementation socio-economic strategy of sustainable development. The study is devoted to identifying the features of the current system of debt security in Ukraine and a set of threats to the growth of debt security in the country. One of the financial instruments of the national economy is loans from international financial organizations, which have a targeted strategic direction of innovation. These borrowings contribute to long-term economic growth. It is the inefficient management of such debt that leads to the disruption of the economic system, in particular to its imbalance and increase its vulnerability to factors of negative foreign economic influence. Therefore, the strategic goal of reducing the threat of negative impact on debt security is to determine the optimal policy for managing both external and internal debt of the state. Again, debt management policy is a condition for the stability and efficiency of the state economy. As a result of the study, the main reasons for the deterioration of Ukraine’s debt security can be identified, in particular: a complex political crisis, military conflict, deep economic recession, the existence of obligations to meet the state’s needs in natural gas and pensions, lack of sufficient political will to reform and apply unpopular measures to stabilize the economic situation. Coordinating the public debt management mechanism with Ukraine’s financial stabilization strategy will provide an opportunity to analyze the financial threats facing Ukraine in the global crisis and develop a common framework for all bodies, public authorities, which represent the external debt of Ukraine. When appropriate measures are taken, public debt coverage will be carried out mainly not by increasing the tax burden, but by economic growth. After studying the state of Ukraine’s debt security, conclusions were drawn on its increase by stabilizing the national currency, optimizing the structure of budget expenditures, stimulating the state domestic market, directing external borrowing to implement investment development programs and developing a promising debt strategy.

Bankruptcy prediction using machine learning and an application to the case of the COVID-19 recession

<abstract> <p>Bankruptcy prediction is an important problem in finance, since successful predictions would allow stakeholders to take early actions to limit their economic losses. In recent years many studies have explored the application of machine learning models to bankruptcy prediction with financial ratios as predictors. This study extends this research by applying machine learning techniques to a quarterly data set covering financial ratios for a large sample of public U.S. firms from 1970–2019. We find that tree-based ensemble methods, especially XGBoost, can achieve a high degree of accuracy in out-of-sample bankruptcy prediction. We next apply our best model, using XGBoost, to the problem of predicting the overall bankruptcy rate in USA in the second half of 2020, after the COVID-19 pandemic had necessitated a lockdown, leading to a deep recession. Our model supports the prediction, made by leading economists, that the rate of bankruptcies will rise substantially in 2020, but it also suggests that this elevated level will not be much higher than 2010.</p> </abstract>

ECONOMY OF THE CORONAVIRUS AGE AND GLOBAL CLIMATE CHANGES

The article covers the issues of economic development in the conditions of the coronavirus pandemic, its negative economic consequences, entering a deep recession. The forecast opinions on the losses of world GDP from the coronavirus crisis are given. The negative economic consequences of the Covid-19 coronavirus pandemic have become a significant challenge for the world and Ukraine. The coronavirus pandemic pushed the world into development 20 years ago. According to UN estimates, the economic crisis could put more than 6 million Ukrainians out of poverty. The measures of the advanced countries to counteract the spread of the disease and provide support to the economy in order to reduce the duration of the global recession are revealed. The effects of the pandemic on the economy in Ukraine due to the economic crisis are shown, a significant proportion of the population has experienced a reduction in income or loss of the main source of income, rising unemployment. Sound programs for Ukraine aimed at helping to cope with the problems of the pandemic and ensure economic development. The need to comply with quarantine measures and their focus on at-risk groups, as well as on the development of the economy, which should continue to operate, is emphasized. The main data on the incidence of coronavirus in Ukraine are given. In terms of the number of new Covid-19 cases, Ukraine ranks third in Europe and 11th in the world. The proportion of recurrent cases in the world has also increased significantly, ranging from 4 to 18 % of the total number of new diseases. The main versions of the origin and spread of the new coronavirus SARS-CoV-2 are considered: about its natural and artificial origin, due to climate change. It will take decades to solve climate problems to develop and implement all the necessary inventions in the field of clean energy. Many researchers believe that the coronavirus pandemic calls for a more holistic "single health" approach that considers human, animal, and environmental health to be interrelated. There is the Theory of the Great Epidemic, which states that every 100 years a pandemic unfolds on the planet. In the XXI century. such a large global epidemic was caused by SARS-CoV-2.

Growth and/or development: specificity of the Russian economic model

The article provides a systematic description of the main features of the post-Soviet economy. The methodology and categorical apparatus of classical political economy, classical institutionalism, as well as of other directions of heterodox economic theory are the basis for identifying the content, the structure and the peculiarities of Russian economy. The authors demonstrate the influence of climatic, spatial, and historical characteristics of Russia on the formation of these characteristic features. The main stages of the evolution of Russian economy are highlighted, as well as the particularities of their growth / decline as shown by macroeconomic quantitative indicators. Special attention is paid to qualitative indicators characterizing social results and contradictions in the development of the main sectors of the economy. On this basis, conclusions are formulated that reveal the reasons for the deep recession in the 1990s, extensive development in the 2000s and stagnation in the 2010s. The author comes to the conclusion that nonrandom the presence of two main concepts for the further development of Russia - a neoliberal concept and a concept focused on enhancing social regulation and social orientation of development (and not just economic growth) – is not accidental.

The Early Stage of COVID-19 Outbreak in Greece: A Review of the National Response and the Socioeconomic Impact.

Greece is a European-Union country, of around 10 million people, located in the southeast part of Europe. The economy is recovering from a long period of deep recession, due to the economic crisis that started in 2008. The economic problems greatly influenced the structure and resources of the healthcare system of the country. In addition to the economic challenges, the country has been facing a refugee crisis, characterized by many overcrowded hotspots and tensions with neighboring Turkey. The COVID-19 outbreak arrived in Greece on 26 February 2020, at the time that Athens had declared a state of emergency at the Greek/Turkish border. From this point in time the government enforced a series of measurements, aiming to contain the epidemic and avoid the collapse of the healthcare system. The vast majority of the general population complied to the measures and consequently Greece’s death toll was low. The impacts of the outbreak are expected to be, as everywhere worldwide, multifaceted and to affect many parts of the economic, social and political life of the country.

«Вікна можливостей» держав в умовах глобальної пандемії COVID-19

The global COVID-19 pandemic has clearly demonstrated all the «pain points» of countries, regardless of the type of government and the degree of socio-economic development. It is determined that the economies of most countries have already entered a deep recession, growing public debt. There are no prospects for the expected growth in the coming years, which has already emerged since the global financial crisis of 2008, but currently the progress of the last decade to overcome the financial crisis is offset, due to events related to COVID-19 and its global consequences in the socio-political sphere of any state. Countries and regions are developing new social policy strategies, tactics and strategies for further development that are adaptable to the demands of the times, for example, at the EU level the need for even a new «Marshall Plan» has been voiced. Equally important is the issue of human mental health, the deterioration of which is associated with social isolation, distancing, and sometimes with job loss, which, of course, has a destructive effect on people and requires increased attention of state institutions to these important issues. A new wave of populism is expected, caused by the rise of economic inequality against the background of the effects of the pandemic, which is clearly demonstrated by most countries. There is every reason to believe that the global pandemic COVID-19 has become a determining factor in socio-political life and social interactions. Thus, it can be argued that the global pandemic COVID-19 has opened «windows of opportunity» in the global political space, in which the state, depending on the level of democracy, sociality and lawmaking, make certain decisions to restrict certain rights of the population. and negative consequences. Thus, the «windows of opportunity» during the global pandemic opened all the «Achilles' heel» states, demonstrating their capabilities / inability to find adequate events-responses to the complex challenges of the world, which depended on the development of the country as a whole, its important civic attribute. society, the vector of direction of public policy, tools for exercising control over power, the focus on identifying priorities and the ability of states to overestimate their citizens from these challenges.

Covid-kriza kao izazov za strukturne promene u energetici – na globalnom i nacionalnom nivou

COVID-19 pandemic is realizing a deep recession of the global economy, income fall as well as the increase of unemployment and many enforced inter/sectorial changes. The crisis hits the sector of personal services more than other sectors (especially tourism, transport, catering) but also most branches of industries and manufacturing. Energy sector was damaged less or more, depending on the branch or technology, and fall of energy demand. It seems that the global economic recovery, nevertheless it could be in 2021 or later, will cause the high demand energy increase. The world will probably again be faced with choice of unsustainable and risky growth as previously, or sustainable growth and development. The actual dominant growth model is based on increasing material resources exploiting, negative externalities increasing (especially pollution) and very dangerous climate changes. The main contribution of climate changes to climate changes and greenhouse gases (GHG) emission is given by energy sector. If the energy sector would be developed like before in continuity with previous practice, this may lead to the strong energy intensity increase. The alternative way of fundamental restructuring is more difficult, but much more globally effective in developmental (economic, technology and environmental) sense. Serbia could remediate some short-term recession, but its official apply for high growth rate just after one-year recession, based on previous economy and energy structure, can be very dangerous, risky and unacceptable deception. However, inefficient public sector in general expensive public administration environment in combination with extremely dirty and inefficient energy could remove away the Serbian energetics from the modernization and reform process, which could worsen public health and environmental safety. On the other hand, energy reform and deep structural changes based on the green and circular economy, could give the opportunity for the quality growth and sustainable development after COVID-crisis. Today tipping point to economic flaws after the immunization-vaccination beginning, in Serbia, as all over the world, could be used for the designing unavoidable system strategic and structural policies and measures of sustainable energy.