Pandemic COVID – 19 and financial policy to reduce the economic recession in Serbia

Abstract

Corona viruses (CoV) are a large family of vi- ruses that cause diseases ranging from mild colds to severe respiratory illnesses, such as the known Middle Eastern Respiratory Syndrome (MERS- CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). In addition to these known virus coronas, a new n-CoV virus corona caused by SARS-CoV-2 infection has emerged in China. It is a strain not previously identified in humans. World Health Organization is 02/11/2020. released the official name of the disease caused by this new strain (SARS-CoV-2), it is COVID -19. Measures to prevent infection with new corona viruses and those that limit the spread of the virus must be tak- en by everyone, especially patients, whether they have been diagnosed with the virus or have clinical features specific to it. The economic recession ad a consequence of the COVID - 19 pandemic motivat- ed economic policymakers to resort to measures and instruments,which were not applied before. These measures relate to largoscale public spend- ing, deficit financing of aggregate demand, and a more relaxed approah to monetari policy. Most countries have created high fiscal deficits and in- creased their public debt. Accordinagly, the subject of research is the understanding the essential postu- lates of this scourge, but also to consider the most important implications and concepts for the Serbia.