Pandemic economic crisis: essence, reasons, comparative characteristics, opportunities

Igor Britchenko; Maksym Bezpartochnyi

Pandemic economic crisis: essence, reasons, comparative characteristics, opportunities

In M. Bezpartochnyi, I. Britchenko, O. Bezpartochna, R. Dmuchowski, S. Szmitka, O. Shevchenko, M. Artman, P. Jarosz, V. Kubičková, M. Čukanová, D. Benešová, R. Narkūnienė, R. Bražulienė, T. Németh, M. Hegedűs, M. Borowska, B. Cherniavskyi, R. Vazov, M. Lalakulych, N. Tsenkler, N. Štangová, A. Víghová, P. Havrylko, T. Hushtan, V. Petrenko, A. Karnaushenko, A. Sokolovskа, O. Tymchenko, O. Dragan, L. Tertychna, N. Rybak, R. Pidlypna, M. Kovach, K. Indus, O. Sydorchuk, A. Kolodiychuk, V. Kuranovic, O. Nosachenko, M. Baldzhy, K. Andriushchenko, K. Teteruk, E. Yuhas, L. Rybakova, E. Mikelsone, T. Volkova, A. Spilbergs, E. Liela, J. Frisfelds, M. Kurleto, I. Vlasenko & S. Gyrych (eds.), New trends in the economic systems management in the context of modern global challenges. Sofia: VUZF Publishing House “St. Grigorii Bogoslov” (2020)

@incollection{Britchenko2020-BRIPEC-2,
	author = {Igor Britchenko and Maksym Bezpartochnyi},
	booktitle = {New trends in the economic systems management in the context of modern global challenges},
	editor = {M. Bezpartochnyi and I. Britchenko and O. Bezpartochna and R. Dmuchowski and S. Szmitka and O. Shevchenko and M. Artman and P. Jarosz and V. Kubi\v{c}kov\'a and M. \v{C}ukanov\'a and D. Bene\v{s}ov\'a and R. Nark\={u}nien\.e and R. Bra\v{z}ulien\.e and T. N\'{e}meth and M. Heged\H{u}s and M. Borowska and B. Cherniavskyi and R. Vazov and M. Lalakulych and N. Tsenkler and N. \v{S}tangov\'a and A. V\'{i}ghov\'a and P. Havrylko and T. Hushtan and V. Petrenko and A. Karnaushenko and A. Sokolovsk\cyra and O. Tymchenko and O. Dragan and L. Tertychna and N. Rybak and R. Pidlypna and M. Kovach and K. Indus and O. Sydorchuk and A. Kolodiychuk and V. Kuranovic and O. Nosachenko and M. Baldzhy and K. Andriushchenko and K. Teteruk and E. Yuhas and L. Rybakova and E. Mikelsone and T. Volkova and A. Spilbergs and E. Liela and J. Frisfelds and M. Kurleto and I. Vlasenko and S. Gyrych},
	publisher = {VUZF Publishing House ?St. Grigorii Bogoslov?},
	title = {Pandemic Economic Crisis: Essence, Reasons, Comparative Characteristics, Opportunities},
	year = {2020}
}

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Abstract

Before pandemic the world economy had a pre-crisis situation which was characterized by unprecedented imbalances in the global financial and economic system, the lack of growth in world GDP, which posed a real threat to the world economic order. Almost all global analysts predicted a global economic crisis at the end of 2019. For the first time since time immemorial, bank interest rates in all countries have dropped to unprecedented low levels. Often interest rates were 0% or even negative. The EU’s financial system has been so disfigured by the VAT tax that fraud with this tax has reached a scale far exceeding hundreds of billions EUR and in fact got out of control of the authorities.

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Igor Britchenko

Uniwersytet Komisji Edukacji Narodowej W Krakowie

Maksym Bezpartochnyi

Lviv Polytechnic National University

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Archival date: 2020-07-01
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world economic economic system financial system global economic crisis labor value pandemic economic

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Pandemic economic crisis: essence, reasons, comparative characteristics, opportunities

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