ANNA V. DYACHENKO, ALEXANDRA I. KARINTSEVA, SVETLANA V. TARASENKO, MYKOLA O. KHARCHENKO, YURII O. MAZIN, KSENIA S. KISILOVA
Formation of innovative tools for economic policy in the context of the global economic crisis development in Ukraine 2019-2020
(original language – Ukrainian)
https://doi.org/10.21272/mer.2021.93.02
The paper provides an overview of the largest economic crises of the twentieth and twenty-first centuries ("Great Depression", crisis of 2008). Indicators for assessing economic crises are systematized. The main indicators characterizing economic crises are highlighted: the exchange rate, GDP, inflation, with the help of which the study of the 2019-2020 crisis was carried out.
Fluctuations of stock indices of the main countries of the world and changes in the exchange rate of Ukraine; the rate of growth of world GDP; the inflationary processes in the world and in Ukraine are characterized.
The recession at the beginning of 2020, due to both economic transformations and the COVID-19 pandemic, does not have unambiguous development forecasts. This is primarily due to the presence of a significant human factor in the course of this recession. Fiscal and monetary measures of countries, international organizations are the main instruments for overcoming the crisis. Crisis 2019-2020 forms both negative and positive economic phenomena. One of the most important positive phenomena is the growth of competition and the formation of demand for basic innovations of the sixth technological order, the introduction of which will significantly increase the competitiveness of goods and services of Ukrainian companies in the international space.
The directions of response to the deployment of the 2019-2020 crisis in Ukraine are proposed.
Key words: crisis, GDP, economic policy, , innovation, inflation, technology.
Placed in №3, 2021.
Affiliations:
ANNA V. DYACHENKO, Postgraduate student, Department of Economics, Entrepreneurship and Business Administration,
Sumy State University
ALEXANDRA I. KARINTSEVA, Doctor of Economics, Professor of the Department of Economics, Entrepreneurship and Business, Administration,
Sumy State University
SVETLANA V. TARASENKO, PhD(Economics), Senior Tutor, International Economic Relations Department,
Sumy State University
MYKOLA O. KHARCHENKO, C. Sc. (Economics), Associate Professor, Department of Economics, Entrepr
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