CONSUMPTION, SAVINGS AND INVESTMENT IN THE LIGHT OF THE COVID-19 PANDEMIC

  • Avtandil Chutlashvili Doctor of Economy, Tbilisi State University, Georgia
Keywords: consumption, savings, investments, the financial crisis, the Covid-19 pandemic, economic growth.

Abstract

The paper considers the issues of post-crisis economic recovery and the impact of the Covid-19 pandemic on consumption, savings and investments. The indicators of consumption, savings and investment are studied on the example of three groups of countries. In particular, the G 7 countries, the group of countries from G 20 and the three countries of the South Caucasus. A certain synchronicity has been established between the upheavals of the early 20th and 21st centuries, which is 11 years. It is concluded that for further sustainable economic development and rapid economic recovery, it is necessary to focus on new growth drivers.

References

Adria Morron Salmeron. November 15, 2021. Savings and consumption in times of pandemic: a historical and international review. Retrieved from https://www.caixabankresearch.com/en/economics-markets/activity-growth/savings-and-consumption-times-pandemic-historical-and.

Davydov A. August 8, 2021. The US Economic Cycle during the Pandemic. Retrieved from https://usacanada.jes.su/s268667300016020-2-1/.

Kovzanadze I., Economic Challenges During COVID-19 and Post-Pandemic Era. Journal of Economics and Business. 2020. №4. Retrieved from http://eb.tsu.ge/?cat=nomer&leng=ge&adgi=1053&title.

Чутлашвили А. Г. Монетизация экономики как фактор монетарной политики. Proceedings of the XI International Scientific and Practical Conference Social and Economic Aspects of Education in Modern Society. Vol.1, March 22, 2019, Warsaw, Poland. Retrieved from https://conferences.rsglobal.pl/index.php/conf/catalog/view/32/51/778-1.

Retrieved from http://www.un.org/press/en/2020/sgsm20267.doc.htm.

Retrieved from https://data.worldbank.org

Retrieved from https://www.theglobaleconomy.com

Retrieved from https://www.moodys.com

Retrieved from https://ihsmarkit.com/research-analysis

Retrieved from https://www.gfmag.com/global-data

Retrieved from https://apps.bea.gov

Retrieved from https://www.washingtonpost.com/us-policy/2021/03/10/house-stimulus-biden-covid-relief-checks/

Retrieved from https://ec.europa.eu/info/strategy/recovery-plan-europe_en

Retrieved from https://blogs.imf.org/2021/12/15/global-debt-reaches-a-record-226-trillion/.

Retrieved from https://fred.stlouisfed.org/series/PCEC96.

Retrieved from https://fred.stlouisfed.org/series/PSAVERT.

Retrieved from https://fred.stlouisfed.org/series/PI.

Views:

83

Downloads:

48

Published
2022-03-16
Citations
How to Cite
Avtandil Chutlashvili. (2022). CONSUMPTION, SAVINGS AND INVESTMENT IN THE LIGHT OF THE COVID-19 PANDEMIC. International Journal of Innovative Technologies in Economy, (1(37). https://doi.org/10.31435/rsglobal_ijite/30032022/7788
Share