SOME ASPECTS REGARDING THE IMPACT OF COVID-19 AT THE MACROECONOMIC LEVEL AND AT THE LEVEL OF MULTINATIONAL COMPANIES

Camelia Milea

Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 119-124

Abstract: The world economy is affected by the spread of Covid-19 and by the measures taken to prevent the spread of the disease. The effects will be felt in terms of prices, supply and demand, living standards, international trade, labor market, the budget and external deficit, transport, supply chains, tourism, etc. The analysis shows that companies will simultaneously face challenges due to supply and demand disruptions, but also of a different nature. Covid-19 brought about the readjustment of the companies' business models. Thus, the restrictions imposed have increased the importance of online commerce. Covid-19 could drag along the construction of quasiindependent regional production chains, leading to a shortening of supply chains, favoring the strategic use of stocks and a new approach to risks.

Keywords: forecasts; changes; effects; companies; supply chains (search for similar items in EconPapers)
JEL-codes: D20 E30 F23 (search for similar items in EconPapers)
Date: 2020
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