THE AGE OF THE CORONA ECONOMY IN BOSNIA AND HERZEGOVINA Cover Image
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THE AGE OF THE CORONA ECONOMY IN BOSNIA AND HERZEGOVINA
THE AGE OF THE CORONA ECONOMY IN BOSNIA AND HERZEGOVINA

Author(s): Kadrija Hodžić, Izudin Kešetović
Contributor(s): Desmond Maurer (Translator)
Subject(s): National Economy, Supranational / Global Economy, Economic policy, Financial Markets, Fiscal Politics / Budgeting
Published by: Međunarodni forum Bosna
Keywords: Bosnia and Herzegovina; Economic situation during the pandemic; monetary and credit policy; fiscal policy;

Summary/Abstract: The economic consequences of the crisis caused by the coronavirus pandemic are at the centre of attention for all countries in the world today. There is theoretical agreement on three things. First, given the uncertainty over how long the pandemic will last, economists can only be sure of its short-term direct consequences, the most severe of which is loss of liquidity, while the long-term indirect consequences remain unknown. Second, we are experiencing a major recession, considerably deeper than that of 2008, and, regardless of how intense the pandemic itself becomes, the ongoing economic corona crisis may be deeper than the collapse of the world economy in 1929. Third, globalisation is now on trial and nothing will be the same, as the corona crisis will certainly bring about a new order or “new normal” of an entirely unexpected sort in politics, the economy, and in welfare culture (Peter Jaegeul Song, 2020).

  • Issue Year: 2020
  • Issue No: 91-92
  • Page Range: 178-187
  • Page Count: 10
  • Language: English