COVID-19 and Its Impact on Ukrainian Economy

Authors

DOI:

https://doi.org/10.26906/EiR.2021.1(80).2232

Keywords:

challenges, threats, economic security, pandemic, GDP level

Abstract

The impact of COVID-19 on the economic situation in Ukraine is studied in the article. The growth rates of morbidity on the territory of Ukraine and other countries of the world are determined. The analysis is carried out and social and economic losses in various branches of economy are defined. List of implemented quarantine measures on the Ukraine territory, which had the most significant negative results, is determined. The branches of the economy that were able to continue their activities under quarantine and increase their profits are studied. A comparative analysis of the projected level of GDP from different sources of information for the next period is performed. Key elements of economic and social measures world countries for formation actual, effective and operative plan of minimization pandemic influence on Ukraine economy are analyzed by authors.

Author Biographies

Volodymyr Onyshchenko, National University «Yuri Kondratyuk Poltava Polytechnic»

Doctor of Sciences (Economics), Professor

Svitlana Sivitska, National University «Yuri Kondratyuk Poltava Polytechnic»

PhD (Economics), Associate Professor

Anna Cherviak, National University «Yuri Kondratyuk Poltava Polytechnic»

Postgraduate Student

References

Worldometer – real time world statistics. Retrieved from https://www.worldometers.info/coronavirus/?fbclid=IwAR0RYMPhu-J9i5t74sla8KOrJFIhGMs--0YIuvQzoxLeFrvwwr5FLpn42Qw#count

Cabinet of Ministers of Ukraine. Retrieved from: https://covid19.gov.ua/karantynni-zakhody

International Monetary Fund. Retrieved from: https://www.imf.org/external/russian/index.htm

World Bank. Retrieved from: https://www.worldbank.org/uk/country/ukraine

Periodical of the Ministry of Economic Development, Trade and Agriculture of Ukraine, Consensus Forecast "Ukraine in 2020-2021: the consequences of the pandemic" – 2020, Kyiv, No 51, p. 31.

Economic Research Service United States Department of Agriculture. Retrieved from: https://strategy.uifuture.org/prognoz-rozvitku-sv%D1%96tovoi-ekonom%D1%96ki-do-2030e.html

Cabinet of Ministers of Ukraine, "Economic Incentive Program to Overcome the Consequences of COVID-19:" Economic Recovery ", p. 88. Retrieved from: https://www.kmu.gov.ua/storage/app/sites/ 1/18% 20-% 20Department / 18% 20-% 20PDF / 07.2020 / programa.pdf

Coronavirus can cause large-scale economic shock in Europe – Lagarde. Retrieved from: https: // suspilne. media / 18912-coronavirus-can-bring-to-scale-economic-juice-in-europe-lagard/

International Monetary Fund. Retrieved from: https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19

Downloads

Published

2021-03-23

How to Cite

Onyshchenko, V., Sivitska, S., & Cherviak, A. (2021). COVID-19 and Its Impact on Ukrainian Economy. Economics and Region, (1(80), 6–14. https://doi.org/10.26906/EiR.2021.1(80).2232

Issue

Section

ECONOMICS AND NATIONAL ECONOMY MANAGEMENT