According to the estimate by economist David Marek, the monthly emergency regime of the economy means a loss of GDP slightly over 1 percent of GDP. These sectors, including retail in general, sports and culture, account for about 10 percent of our GDP. There will also be significant declines in production in the automotive industry. Airlines, accommodation facilities, travel agencies are already the most affected. The situation will be most pronounced in the services sector. Which economic sectors will see the biggest slump? At present, it is essential to protect the public's health and respect hygienic rules. Personally, however, I think it doesn't matter how much the economy declines. On the other hand, the decline of the economy and its growth belong to the current types of modern capitalist economy. In any case, there is a consensus that the economy will decline. No analyst, no institution has yet published a clear outlook. When will a real crisis begin in our country? This will significantly affect the state budget, which will lose tens of billions in tax revenues and at the same time will have to spend similar amounts to support the economy. It is already certain today that the economy is heading for a recession. What would have been the development of the Czech economy if it were not for the Wuhan virus strike?ДЄccording to analyst estimates, the Czech economy was to grow by about 2 percent per year. All this will have a significant impact on the performance of the economy. Carmakers interrupt production for several weeks. Revenues from tourism are at the lowest ebb, revenues from services, including transport, have fallen enormously, and factories are being shut down. What originally seemed like a problem for travel agencies or organizers of various events is now becoming a society-wide problem.

The impact of health and safety measures is considerable even now. We do not know how long the preventive measures will last. Banks, financial institutions and the state have no models with the effects of a pandemic of this magnitude. We are in a huge degree of uncertainty about future developments, and the situation is changing dynamically, unfortunately in a negative direction. What are the effects of the pandemic on the economy now? We can afford to increase the indebtedness because it is relatively low,' says economist Jan ДЊernohorskГЅ of the Faculty of Economics and Administration, University of Pardubice. 'Our economy has one huge advantage over many other market economies in the world.

And the government is facing many decisions that will be important for the functioning of the state. It will keep dropping for several months to come. Coronavirus has shaken not only health care services, but even more economics.

Hopefully we can