Request stop: Economies of Central-Eastern and South-Eastern European Countries during the Pandemic

Lobanov, Mikhail M. and Zvezdanović Lobanova, Jelena (2021) Request stop: Economies of Central-Eastern and South-Eastern European Countries during the Pandemic. Вестник Института экономики Российской академии наук (5). pp. 116-141. ISSN 2073-6487

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Abstract

The article considers the COVID-19 pandemic impact on the socio-economic development of the countries of Central-Eastern and South-Eastern Europe. The authors compare the main channels for the spread of the crisis, its depth and duration for the secondary and tertiary sectors of the economy of the above-mentioned countries which characterized by different levels of involvement in world economic relations, the competitiveness of enterprises and the maturity of labor markets. As a result of the analysis of anti-crisis measures, the additional burden on public finances is assessed. It is partially compromised by external borrowing and, in the case of some countries, by receipts from the EU budgetary system and funds. In addition, the authors focus on determining the degree of intraregional differentiation by the dynamics of GDP and employment, turnover in industry and services, gross fixed capital formation, income, savings and expenditures of the population on the basis of quarterly and monthly indicators.

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