GDP and Budget Balances under the COVID Crisis

Bc. Zhang Zhang

Bachelor's thesis

Abstract:

The purpose of the bachelor's thesis is to discuss the GDP and budget balance under the COVID-19 crisis, as well as the impact of COVID-19 on the world economy and solutions. The epidemic has had a huge impact on the global economy. Work stoppages have led to a significant decline in productivity. Therefore, the global unemployment rate is rising day by day. This process may lead to production stagnation. COVID-19 has brought huge damage to the global economy, especially in economically developed areas, which erodes the world like a financial storm. The impact of COVID-19 can range from individuals to national entities. This thesis analyses and discusses the impact of COVID-19 on the global economy from the economic situation in China, the United States, and some European countries. Finally, the author of this thesis shows that people all over the world can understand that the new crown epidemic is not blindly negative. As long as we actively face difficulties and cooperate actively, we will overcome difficulties in the end.

Abstract:

The purpose of the bachelor's thesis is to discuss the GDP and budget balance under the COVID-19 crisis, as well as the impact of COVID-19 on the world economy and solutions. The epidemic has had a huge impact on the global economy. Work stoppages have led to a significant decline in productivity. Therefore, the global unemployment rate is rising day by day. This process may lead to production stagnation. COVID-19 has brought huge damage to the global economy, especially in economically developed areas, which erodes the world like a financial storm. The impact of COVID-19 can range from individuals to national entities. This thesis analyses and discusses the impact of COVID-19 on the global economy from the economic situation in China, the United States, and some European countries. Finally, the author of this thesis shows that people all over the world can understand that the new crown epidemic is not blindly negative. As long as we actively face difficulties and cooperate actively, we will overcome difficulties in the end.

Keywords

COVID-19, Budget Deficit, Infrastructure Construction, GDP, Economic Growth

Language used: English

Date on which the thesis was submitted / produced: 19. 4. 2022

Thesis defence

• Date of defence: 7. 6. 2022
• Supervisor: Ing. Petr Mach, Ph.D.
• Reader: doc. Mgr. Ing. Petr Wawrosz, Ph.D.

University of Finance and Administration

Bachelor programme / field:
Economics and Management / Economics and Management