Covid-19 pandemic: Health risks and far-fetching adverse effects on economic and other trends

Abstract

From the first quarter of 2020, various levels of governments in all parts of the world, Serbia including, have been trying to use restrictive and other measures to restrain the spreading of Covid-19 pandemic and mitigate the adverse effects, with various outcomes. Although its occurrence has actually set a precedent and is ungrateful for forecasts, the second year of the pandemic has confirmed that there will be, in addition to the present, some medium and perhaps long-term economic effects (recovery of the tourism sector, aviation industry and some segments of insurance business is not likely to happen in the coming years). This paper, inter alia, analyses the effects of the pandemic on the roadside assistance insurance in the Republic of Serbia in 2020. Considering the high relevance of the topic, the research relies upon qualitative and quantitative data in a few scientific disciplines, using different types of sources, starting from the electronic databases, through national and international documents and legal acts, to scientific, professional and other articles. The conclusion is that the Covid-19 pandemic trend has, in addition to the economic and social disruptions, spurred the emergence of new transnational challenges that manifest in the political and moral aspects of the process of immunization of the population against the virus, administered in various countries. Moreover, the beginning of the process of immunization is the first milestone in combating the pandemic and its adverse effects on the people and economy.