ECONOMIC CONSEQUENCES OF THE COVID-19 PANDEMIC AND CRISIS MANAGEMENT

The paper is based on an analysis of the consequences of the current economic crisis caused by the COVID-19 pandemic. First of all, the role of crisis management from the practical and theoretical aspect is analyzed. The key economic consequences of the pandemic for individual companies and the economy as a whole have been identified. A proposal of key necessary measures at the state level for overcoming the observed economic disturbances is given. In addition, a set of questions from eight business areas was presented, which serve as a basis for determining the gap in the necessary and current set of crisis management measures taken at the level of an individual organization.