THE ECONOMIC IMPACT OF THE COVID-19 PANDEMIC ON EUROPE AND ACTION STEPS OF EUROPE

Covid-19 (Coronavirus), founded in China in 2019 and continues to challenge the world, soon became the world's principal enemy. The epidemic has caused the worst global recession since the "Great Depression" of the 1930s. The closure of trade routes, economic shutdown, reduction ofpro...

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Bibliographic Details
Main Authors: Haciyev, Ceyhun, Safarov, Turai, Abasova, Gunay, Abdullayeva, Ravana
Format: Conference Proceeding
Language:English
Subjects:
Central banks
Cooperation
Coronaviruses
COVID-19
COVID-19 vaccines
Economic conditions
Economic impact
Economics
Epidemics
Immunization
Impact analysis
Pandemics
Recovery
Shutdowns
Vaccination
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Summary:Covid-19 (Coronavirus), founded in China in 2019 and continues to challenge the world, soon became the world's principal enemy. The epidemic has caused the worst global recession since the "Great Depression" of the 1930s. The closure of trade routes, economic shutdown, reduction ofproduction, closure of many jobs has contributed to a remarkable slowdown in the economy. Economists do not rule out that the process of self-recovery may take a long time. However, in our opinion, economic recovery will happen quickly. We believe that after the pandemic subsides, the European economy will recover and soon return to the pre-pandemic economic situation. The recession did not go unnoticed by Europe. What areas did the European life slow down, what did it do to prevent the economic downturn, and when did the vaccination process begin? We will report on such topics.
ISSN:1849-6903
1849-6903