THE IMPACT OF THE PANDEMIC ON THE ECONOMIC DEVELOPMENT AND FOOD SUPPLY FOR EUROPEAN COUNTRIES

Abstract

The main indicators of macroeconomic development in European countries are analyzed. Under the influence of the pandemic, the GDP of highly developed countries have been decreased most rapidly, the inflation index was higher in countries with an average level of development. Comparison of the dynamics of industrial production of food products with other industries (on the example of Ukraine) is showed that the food sector is more resistant to the negative effects of the pandemic. The annual growth rate of the export value of the main food groups in European countries is estimated. The most vulnerable to the negative phenomena of the pandemic was the export of meat products. The negative factors of the impact of the global pandemic on the food sector have been studied: rising prices; complex logistics; reduction in the number of personnel, decrease in labor productivity. A well-thought-out food policy can reduce the negative effects of the pandemic.