Economic - cultural aspects of the situation arising from the worldwide spread of Covid - 19

Abstract

The ongoing situation with the new Covid-19 virus has hit a huge number of countries whose populations and economies are under a tough test. No one expected such a catastrophic scenario in 2020. Coronavirus is a major topic in the whole world as no other up to now. Individual countries have chosen various approaches to fight the virus. These approaches have been influenced by a number of factors that either make the situation better or worse. Timely response, strict measures, discipline of the population, political position of countries, access or ability to produce or provide medical protective equipment - being the most desirable and precious goods of today, represent the salient role in coping with the situation.