FINANCIAL INDICATORS DURING THE COVID-19 PANDEMIC
Keywords:
Artificial neural network, COVID-19, Financial behavior, Financial attitude, Financial anxiety, PandemicAbstract
The COVID-19 pandemic has caused an unprecedented human resources and health crisis. The measures required to contain the spread of the virus provoked an economic downturn. At the moment, there is huge uncertainty about its depth and duration. The latest issue of the Global Financial Stability Report shows that the financial system has already suffered a powerful blow, and further aggravation of the crisis may affect global financial stability.
The financial consequences of the COVID-19 pandemic resemble the financial crisis of 2008, but the stress spreads to all sectors of the economy. Previously healthy businesses are suddenly under acute financial pressure. Without financial stability, it is impossible to maintain commercial and operational activities. Maintaining financial soundness requires firms to adapt existing business planning systems to more turbulent and uncertain business conditions in which profitability, cash flow and access to finance are subject to cumulative pressures.
