Consequences of the impact of the coronavirus pandemic on the global economy

Abstract

The paper highlights the impact of the COVID-19 virus and quarantine measures on the economic and political situation in the world. The analysis of preventive measures on virus spreading was conducted. The methods of prevention of negative consequences for the state economy and provision of social guarantees for the population are considered. And also the most probable and most significant risks caused in its turn by the pandemic itself, by the way the government and world organizations reacted to the appeared danger and, first of all, by the reaction of the population to the specified instructions from the ruling bodies of the countries, as it is known that the greatest risk of virus infection is the so-called method "from neighbor to neighbor", exactly by this fact quarantine was introduced in the majority of countries, and the borders of the states were closed, as well as those caused by the measures aimed at support of the population and small population. The study assessed the forecasts of political and economic experts regarding further economic development. Also, this paper offered their own vision of the global economic situation caused by the spread of respiratory infections.