ABSTRACT
While a massive effort is under way to prevent the spread of COVID-19, economists have debated whether the shock to the economy will be “temporary” or “permanent.” Given the research interest on the biggest challenge in modern history, we made an attempt to assess the economic effects of the pandemic crisis in the EU states and the impact of COVID-19 on EU industries. The study also highlights the assessment of the EU response to the coronavirus by using Pearson correlation with the aim to define the relationship between the level of restrictions, economic support and economic performance in selected states. Obtained results enabled us to show potential effects of the crisis in the long-term perspective in the EU countries as well as to formulate the key recommendations on the recovery measures and policies.
