2020 1(38)1

How to Prevent Deep Recession of the National Economy

Volodymyr Boreiko
Doctor of Economic Sciences
ORCID https://orcid.org/0000-0001-8946-0852
Academician Stepan Demyanchuk International University of Economics and Humanities, Rivne

Citation Format
Boreiko V. I. (2020). How to Prevent Deep Recession of the National Economy. Visnyk ekonomichnoi nauky Ukrainy, 1 (38), рр. 6-9. doi: https://doi.org/10.37405/1729-7206.2020.1(38).6-9

Language
Ukrainian

Resume
The article reveals that the global and national economies are developing cyclically, so Ukraine needs to prepare in advance for the financial and economic crises that are inevitable. It was determined that the current recession of the national economy will be intensified by problems associated with the spread of coronavirus disease into the country and the introduction of quarantine in this regard. It is proposed that state authorities introduce a set of proactive measures to prevent a recurrence of the crisis of 2008–2009. It is grounded that the state’s actions to reduce the tax and social burden, preserve jobs and attract new investments will help minimize the effects of the crisis and, together with a balanced financial policy of enterprises, will allow Ukraine to limit financial and economic shocks and prevent a deep recession.

Keywords
national economy, financial crisis, recession, quarantine, tax burden, jobs, discount rate.

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