ECONOMIC CONSEQUENCES OF THE COVID-19 PANDEMIC AND CRISIS MANAGEMENT

Abstract

The paper is based on an analysis
of the consequences of the current economic
crisis caused by the COVID-19 pandemic. First
of all, the role of crisis management from the
practical and theoretical aspect is analyzed. The
key economic consequences of the pandemic for
individual companies and the economy as a
whole have been identified. A proposal of key
necessary measures at the state level for overcoming
the observed economic disturbances is given.
In addition, a set of questions from eight business
areas was presented, which serve as a basis
for determining the gap in the necessary and current
set of crisis management measures taken at
the level of an individual organization.