Abstract:

We are witness of a globally extended health crisis unlike any crisis in the last 100-year history, one that is killing human beings, spreading over human suffering, and affecting people’s daily lives. We can frankly say this is much more than a noted health crisis. It is economic, human and extended social crisis. The coronavirus disease (COVID-19), which is been featured as a pandemic by the World Health Organization (WHO), is striking societies at their fundamental bases. Presumably, the global economy contemplated to be shrinked by up to 1 per cent in 2020 due to this pandemic, inversion from the previous advertised forecast of 2.5 per cent growth, it may tighten even further if scaling down on the economic activities are enhanced without sufficient fiscal and monetary reactions. We concentrate on the period from the start of 2020 throughout May when the coronavirus began expanding into worldwide countries and their markets. We drag on engaging in real world monitoring in order of evaluating the imposed restriction measures, pursued monetary and fiscal policy measures and the social health measures that assumed during the period. The unearthing find out that the increasing number of massive lockdown days, tightened monetary policy decisions and worldwide travel restrictions sharply affected the level of economic activities and prices of major stock market indices.

To maintain the spread of COVID-19, the authorities have initiated a special isolation regime. It involves border closures, essential quarantine of retrieval inhabitants, forbidding of mass gatherings, scaling down on domestic movements, shutdown of restaurants and other public facilities, airports, and transportation hubs; social distancing and disinfection of public spaces. İn order to implement planned activities The COVID-19 Operational Headquarter had been founded. Under the Cabinet of Ministers governmental bodies such as Minister of Economy, Minister of Finance, Minister of Labor and Social Protection of the Population, Central Bank of Azerbaijan have been mandated to work out specific measures in order to diminish the negative impact of the pandemic on economy and business environment.