Global Economic Turbulence in the Context of the Pandemic
The subject of the study is the system of economic relations in the conditions of turbulence of the world economy. The relevance of the research topic is due to the formation of acute contradictions in the world economy caused by the turbulence of the global economy in 2020, provoked by the COVID-19 pandemic. The purposes of the work are to identify the features of the turbulence of the world economy and the global economic crisis; to study the factors of turbulence of the world economy; to assess the dynamics of global and national GDP, as well as the unemployment rate and other indicators caused by the COVID-19 pandemic. The study was conducted using general scientific methods of systematization, comparison, grouping, with the help of which analysis, synthesis, generalization were carried out, conclusions were made. It is established that in the conditions of the pandemic and state quarantine measures imposed on the territories of 114 countries of the world, it is noted that there was a decline in GDP both in the world as a whole and in individual countries, there were tendencies to increase unemployment, shocks on the energy market and the world stock market. In the course of the research, conclusions were drawn about the differences between the categories of global turbulence and the global economic crisis. Based on the analysis of the factors of turbulence of the world economy, it was revealed that the COVID-19 pandemic formed the prerequisites for the strongest turbulence of the world economy, but not the global economic crisis. Conducted studies of macroeconomic indicators of GDP, labor market, etc., they allowed us to establish the features and differences between the economic crisis and the chaotic turbulence of the world economy.