Dynamic Trends Of Socio-Economic Consequences Of The Covid-19 Pandemic

Abstract

The spread of SARS-CoV-2 coronavirus pneumonia (COVID-2019), remains an international public health and health economy emergency, resulted in more than 65560680 infection cases and 1512255 deaths. The quarantine measures taken have aggravated the already existing sectoral economic crisis with systematically unprecedented socio-economic shocks to national economies and with a projected damage estimate of more than 35 trillion US dollars to the world economy. Generalization of current trends, the formation of an analysis model, and forecasting of socio-economic consequences of the spread of COVID-19 pandemic. The state of the spread of infection requires the development of an Excel forecasting model of COVID-19 trends (research Microsoft Excel methods for the calculation of the socio-economic damage from the impact of coronavirus infection). The proposed methodology makes it possible to establish global trends and the loss from people morbidity and its impact on the world economy. Our studies have revealed several main consequences of the COVID-19 pandemic: forecast of the Decreased production activeness; stagnation and decrease in all socio-economic sectors; stock market chaos and the decrease in bond yields; world economic crisis and recession and systematic global social and economic risk. The extrapolation of these indicators made it possible to predict the decrease trends in macroeconomic indicators of countries.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.8

Online ISSN

2357-1330