Direct impacts of the Covid-19 pandemic on the Czech economy

Anastasia Kaliuzhna

Bakalářská práce

Abstract:

This Bachelor thesis is focused on the analysis of the influence of Covid-19 on the Czech Republic's economy. The goal is to evaluate the state of the Czech economy and predicted the economic indicators during Covid-19. The first part of the thesis includes a theoretical background of GDP, labour market, unemployment, definitions of terms, and the methodology where the statistical analysis was explained. In the practical part, it was analysed the state of the Czech Republic's economy and commodity prices. Also, it was made a time series and correlation analysis. The output is the forecast that predicts economic indicators: GDP, Export, Salary, Consumption, Gross Capital from 2019 to 2021 year. The results of the forecast show that during the Covid, all the predicted values decreased as observed values taking from Eurostat data. statistical predictive analysis for future economic outlook by taking selected economic indicators: GDP, Prices, and Labour. The results of the correlation analysis shows that the Covid-19 cases influenced the consumer price index, so the variables are highly correlated.

Keywords

covid-19, correlation analysis, forecast, GDP, time series, unemployment, economic indicators

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 31. 3. 2022

Obhajoba závěrečné práce

• Vedoucí: Ing. Zuzana Pacáková, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Economics and Management