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- W3174443777 abstract "Research background: The situation with the spread of the coronavirus is very serious and could even get worse. This negatively impacts the population as well as the economy on the global and national level. Aim of the article: The aim of the article is to explain the complexities regarding the evaluation of COVID-19 impact on health and economy as well as to analyse some realised measures. Despite great technological progress and expansion, the science of epidemiology, responses to epidemics of the twenty-first century demonstrate that the world is not adequately prepared to lessen the impact of an emerging threat or prevent its appearance leaving mankind vulnerable to adverse consequences. Methods: The impact of pandemics is so vast and uncommon as it affects all elements of demand and supply. To study the pandemic impact in Croatia we use Hamilton (2018), Stock and Watson (1999) one-sided HP filter. Findings & Value added: The most vulnerable sectors are all forms of transport, travel and hospitality, as well as all forms of entertainment. Usual economic measures, like tax cuts and stimulus spending, will not restore cancelled events, revive ruined supply chains or encourage suspicious consumers to go spending. Needed measures incorporate coordinated multilateral actions to ensure effective health policies, containment and mitigation activities, support low-income citizens, and jointly raise fiscal spending. Mentioned measures would be the most effective means of restoring confidence and supporting incomes." @default.
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- W3174443777 date "2021-01-01" @default.
- W3174443777 modified "2023-10-01" @default.
- W3174443777 title "INTRICATE, UNRELIABLE AND UNGRATEFUL ESTIMATIONS ON THE IMPACT OF THE CORONAVIRUS ON ECONOMIC DEVELOPMENT" @default.
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