ВЛИЈАНИЕТО НА ГЛОБАЛНАТА ПАНДЕМИЈА КОВИД-19 ВРЗ МЕЃУНАРОДНАТА ТРГОВИЈА
THE IMPACT OF THE COVID-19 PANDEMIC ON INTERNATIONAL TRADE
Author(s): Emilija Miteva-Kacarski, Kostadinka Panova, Vesna Georgieva SvrtinovSubject(s): Social Sciences
Published by: Scientific Institute of Management and Knowledge
Keywords: COVID-19; world trade; economic shock; global financial crises
Summary/Abstract: Covid-19 is rapidly changing the world. World trade is expected to fall by between 13% and 32% in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world. The wide range of possibilities for the predicted decline is explained by the unprecedented nature of this health crisis and the uncertainty around its precise economic impact. The increasing spread of the virus has caused a significant amount of governments to introduce measures that shut down businesses temporarily and have restricted travel and the movement of people. These measures will lead to sharp contractions in the level of output, household spending, investment and international trade. Estimates of the expected recovery in 2021 are equally uncertain, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses
Journal: Knowledge - International Journal
- Issue Year: 40/2020
- Issue No: 1
- Page Range: 127 - 131
- Page Count: 5
- Language: English, Macedonian
