Slovakia's Year in the COVID-19 Pandemic

The COVID-19 pandemic has paralyzed so far not only the world economy but also the domestic environment. This study analyses the numerous economic impacts of the Coronavirus pandemics. The focus is being directed on the consumption behaviour of households. Several macroeconomic indicators will be compared, which enables us to see the differences between current and past data. Discussing consumption, quarterly GDP data at current prices of Slovak Republic are going to be compared. Simultaneously, the financial support from the European Union and its implementation by the governments are going to serve as a good example of how differently countries are using their financial resources. Slovak Republic managed to negotiate a financial aid in the amount of EUR 631 million, which represents the third-lowest financial aid being provided for 16 EU member states. This chapter aims to outline the current condition of the consumption and the reaction of respective countries to the financial aid. The result will be an output in the form of an article named A year in the COVID-19 pandemic, that might be used as a useful guideline for those countries, which struggle with the impact of the COVID-19 pandemic.