GLOBALNE EKONOMSKE POSLEDICE PANDEMIJE COVID-19
Abstract: The paper investigates the direct and indirect impact of the coronavirus pandemic on the world economy in the short and medium-term. The research is focused on the impact of the pandemic on economic activity, the labour market, and public finances. The short-term effects of the pandemic are negative and they are manifested through a decline in economic activity, reduced investment, rising unemployment, rising public and private debt, and deterioration of their quality. The performance of the economy in the short run is a net result of epidemiological measures and behavioural responses of consumers and producers on the one hand and fiscal and monetary stimuli on the other. The deteriorating performance of the economy and public finances will negatively affect the growth of the world economy and employment in the medium term, especially in the case of countries where there is a public and private debt crisis. In the medium and long term, a pandemic could encourage the acceleration of technological innovation, and it could improve the cost efficiency of the government and the economy, which would have a positive impact on economic growth.
Apstrakt: U radu se istražuje direktan i indirektan uticaj pandemije koronavirusa na svetsku privredu u kratkom i srednjem roku. U fokusu istraživanja je uticaj pandemije na privrednu aktivnost, tržište rada i javne finansije. Kratkoročni efekti pandemije su negativni i oni se manifestuju kroz pad privredne aktivnosti, smanjenje investicija, rast nezaposlenosti, rast javnih i privatnih dugova i pogoršanje njihovog kvaliteta. Performanse privrede u kratkom roku su neto rezultat epidemioloških mera i bihejvioralnih odgovora potrošača i proizvođača, sa jedne strane i fiskalnih i monetarnih stimulansa, sa druge strane. Pogoršane performanse privrede i javnih finansija će negativno uticati na rast svetske privrede i zaposlenost u srednjem roku, naročito u slučaju zemalja u kojima će doći do krize javnih i privatnih dugova. U srednjem i dugom roku pandemija bi mogla da podstakne ubrzanje tehnoloških inovacija, poboljša troškovnu efikasnost države i privrede, što bi pozitivno uticalo na privredni rast.
srpski
2021
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Ključne reči: pandemija, privredna aktivnost, tržište rada, fiskalni stimulansi
Keywords: pandemic, economic activity, labour market, fiscal stimulus