კონფერენცია

∘ Vladimer Papava ∘ Tamar Tapladze ∘
ON THE PANDEXIT AND THE CRISEXIT

Summary

The paper analyzes the problem of the relationship between the end of the COVID-19 pandemic (pandexit) and the end of the economic crisis (crisexit) caused by this pandemic. It has been shown that the crisexit can begin without the onset of the pandexit, although such economic growth may be unstable. Without the pandexit, the economic crisis caused by the COVID-19 pandemic could resume at any time. At the same time, the pandexit does not provide guarantees for the crisexit as an atypical economic crisis caused by the COVID-19 pandemic can directly escalate into a typical economic crisis. This possibility is predetermined by the fact that under the conditions of an atypical economic crisis caused by the COVID-19 pandemic, the prerequisites are being formed for the start of a typical economic crisis.

Keywords: COVID-19 pandemic, vaccination, pandexit, crisexit, typical economic crisis, atypical economic crisis.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Vladimer Papava ∘ Tamar Tapladze ∘ ON THE PANDEXIT AND THE CRISEXIT Summary The paper analyzes the problem of the relationship between the end of the COVID-19 pandemic (pandexit) and the end of the economic crisis (crisexit) caused by this pandemic. It has been shown that the crisexit can begin without the onset of the pandexit, although such economic growth may be unstable. Without the pandexit, the economic crisis caused by the COVID-19 pandemic could resume at any time. At the same time, the pandexit does not provide guarantees for the crisexit as an atypical economic crisis caused by the COVID-19 pandemic can directly escalate into a typical economic crisis. This possibility is predetermined by the fact that under the conditions of an atypical economic crisis caused by the COVID-19 pandemic, the prerequisites are being formed for the start of a typical economic crisis. *Keywords:* COVID-19 pandemic, vaccination, pandexit, crisexit, typical economic crisis, atypical economic crisis.