REPORT CONTAINING DIAGNOSIS AND PROGNOSIS OF THE FINANCIAL AND ECONOMIC CRISIS

This publication is a comprehensive analysis and forecast of the current financial and economic crisis, which has been largely triggered by the coronavirus pandemic. Prepared by a team of experts from various fields, this report aims to understand the causes, effects, and potential development scenarios of the situation on a global, regional, national, and individual scale. It is an invaluable source of knowledge for people interested in economics, politics, and society.

• Comprehensive diagnosis of the current economic situation.
• Forecasts of the development of the crisis in various scenarios.
• Analysis of the impact of the pandemic on the global economy.
• Assessment of the effects of the crisis on a regional and national scale.
• Recommendations for authorities and political circles.
• References to the global crisis of 2007-2009.
• Starting point for social debate.

The report consists of two main parts: diagnostic and prognostic. The diagnostic part, prepared in the second and third quarters of 2020, focuses on the analysis of ongoing phenomena and processes, which, although largely not new, take on a special dimension due to the specific causes of the current crisis. The prognostic part, which began in the third quarter of 2020 and ended in early November 2020, aims to outline possible scenarios for the development of the current situation and try to predict their impact on the future functioning of the state, region, and world.

The report contains numerous references to the last global financial and economic crisis of 2007-2009, the sources of which have not been eliminated and the repercussions of which have not been fully eliminated to date. The authors of the report point out that the effects of the current crisis may be sectorally deepened precisely because of the unresolved problems of the past. This report is therefore not only a diagnosis and prognosis, but also a valuable history lesson that can help avoid similar mistakes in the future.

This publication should be the starting point for a broader social debate and the basis for conceptual work on the implementation of the presented solutions. The proposals, conclusions, and recommendations contained in the report should be carefully considered primarily by representatives of the authorities and political circles, and then implemented in the development strategy and policy, sectoral strategies, laws, regulations, decisions, and other documents of national legislation. This is an investment in the future that can benefit the entire society.