№ 10/2021

Fìnansi Ukr. 2021 (10): 20–27https://doi.org/10.33763/finukr2021.10.020

SCIENTIFIC SUPPORT OF INSTITUTIONAL REFORMS

PANFILOVA Tamara ¹

¹SO "Institute for Economics and Forecasting of the NAS of Ukraine"
OrcID ID : https://orcid.org/0000-0002-1410-6258

Escalation of global risks and threats in a pandemic condition: financial and macroeconomic aspects

Potentially threatening phenomena on the way to stabilizing and overcoming depressive trends in the global economy in the medium and long term in the context of the COVID-19 pandemic have been identified and systematized, taking into account the identification of areas of global risk. The reformatting of the global socio-economic landscape is substantiated, which is determined by the course of the pandemic, the different rates of decline and recovery of the economic growth in general and in individual industries, the destabilization of public finances, the exacerbation of social protection problems. This is confirmed by the dynamics of international trade in goods and services, the aggravation of the global debt problem. Emphasis is placed on the need to form in each country the anti-crisis potential on a scientifically sound basis in order to counter external and internal threats and stimulate sustainable socio-economic development.

Keywords:pandemic, global risks, crisis phenomena, public debt, inflationary pressure, anti-crisis management

JEL: D81, G01, H12, H63

Panfilova T. . Escalation of global risks and threats in a pandemic condition: financial and macroeconomic aspects / T. Panfilova // Фінанси України. - 2021. - № 10. - C. 20-27.

Article original in Ukrainian (pp. 20 - 27)

Download

Downloads :118

1. World Economic Forum. (2021). The Global Risks Report 2021. Retrieved from wef.ch/risks2021.
2. Georgieva, K. (2021, February 24). The Great Divergence: A Fork in the Road for the Global Economy. Retrieved from blogs.imf.org/2021/02/24/the-great-divergence-a-fork-in-the-road-for-the-global-economy/.
3. Gaspar V., Lizarazo S., Medas P. & Piazza R. (2021). Fiscal Policy for an Uncertain World. IMF, 2021. Retrieved from blogs.imf.org/2021/10/13/fiscal-policy-for-an-uncertain-world/.
4. UNCTAD. (2021). Trade and Development Report 2021. From recovery to resilience: the development dimension. Retrieved from unctad.org/system/files/official-document/tdr2021_en.pdf.
5. Borzenko, E., & Panfilova, T. (2021). Prerequisites for the long-term depression of the world economy. East European Scientific Journal, 2 (66), (3), 20–25. Retrieved from archive.eesa-journal.com/index.php/eesa/article/view/313 [in Ukrainian].
6. Borzenko, O. O., & Panfilova, T. O. (2020). Forecasts and realities of the globalized economy. In Science, society, education: topical issues and development prospects, pp. 670–676. Kharkiv: SPC “Sci-conf.com.ua” [in Ukrainian].
7. Panfilova, T. O. (2020). Risks of overcoming the global COVID-19 crisis in Ukraine. In The state of the state during the coronavirus pandemic, pp. 16–18. Kyiv: Eastern European Center for Scientific Research [in Ukrainian].
8. Panfilova, T. O. (2021). Anti-crisis management in a pandemic: a methodological aspect. In Economics, finance, accounting and law: theoretical approaches and practical aspects of development (in 2 Vols), vol. 1, pp. 7–8. Poltava: CFEND [in Ukrainian].