ECONOMY IN THE SARS-CoV-2 AGE

Abstract

The functioning of market economies is exposed to the influence of endogenous and exogenous factors that affect their growth and development, but also downturns and crises. These are most often monetary and political factors, war conflicts and natural disasters. The beginning of 2020 was marked by the appearance of the Covid-19 virus, which, although it belongs to non-economic factors, has important economic implications for national economies individually, but also for the world economy. The pandemic caused significant costs and caused a decline in economic activity. In addition to the losses it causes while it lasts, we can expect large losses due to the fall in the future due to the prematurely lost lives of the working population, which will certainly affect the level of economic growth. The subject of analysis in the paper are significant changes in macroeconomic indicators resulting from the pandemic, but also pointing to the need to analyze the impact of non-economic factors on the economy and the impact and importance of the economy on all areas of social life, especially in a state of emergency.