Global social drama of pandemic and recession

Leonid Grigoryev

Population and Economics, 2020, vol. 4, issue 2, 18-25

Abstract: Global drama of pandemic has caused the deep reduction of consumption of wealthy strata, unemployment and isolation. Huge number of people around the Globe is facing the step back to basic needs by Maslow pyramid: physiological needs and security. Adaptation of people to the new situation goes difficult, while somewhat easier for employed in intellectual activities, primarily for university professors. The exit from recession is still far ahead, and it will depend on the certification of territories, and issue of trust for citizens to start going from their regions. Morals, literature, memories of survival will be close to models of those after the big wars.

Keywords: COVID-19; coronavirus; pandemic; world; recession; economic; crisis (search for similar items in EconPapers)
JEL-codes: D31 D63 E21 L83 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:arh:jpopec:v:4:y:2020:i:2:p:18-25

DOI: 10.3897/popecon.4.e53325

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