XLІІІ Міжнародна науково-практична інтернет-конференція

The pandemic has a global impact on the economies of countries around the world continues to hold. He plunged the world economy into a very deep but compassionate short decline. Everyone suffered from him. I don’t think he spared anyone. This is the attitude towards fear, uncertainty and lockdowns. Many blame lockdowns for this deep decline calculates. But I don’t think that’s a fair assessment. Look at Sweden even if this state is not quarantined, its economy has still suffered severely. Basically, uncertainty and fear of infection are deterring consumers from going to normal places, and this is hurting the economy. The volume of production and services in many enterprises is declining sharply. Historically, this is three times worse than the 2008 global financial crisis in terms of annual GDP decline. It is not as bad as the Great Depression, which took place in the 1930s, when production fell for 3-4 years and the unemployment rate in the United States rose to 25 percent. This time, the figure is up 13 percent in the U.S. so far. Nevertheless, the current crisis is the worst crisis in the world since the 1930s. One of these areas is functional accounting.