Forecasting personal response to economic state crises

Keywords: crisis, crisis state, economic crisis, personal reactions, stress, adaptation

Abstract

The article examines the concepts of "crisis", "crisis state", "economic crisis", the main characteristics of the crisis, considers the possible options for the behavior of the subject in a crisis state, namely constructive and destructive. The course of the 2008 economic crisis, which manifested itself in a massive drop in production, a drop in demand and prices for raw materials, an increase in unemployment, and a spread to the monetary, fiscal, and social areas, has worsened the social welfare and expectations of businesses and ordinary citizens have been analyzed. The crisis affected not only the economic structures but also all branches of Ukrainian society, social groups, and almost everyone, which significantly affected social relations and the psychological state of people.It should be noted that the crises of economic, political, and social nature inevitably affect public health. Especially strongly such processes determine the emotional and stress response of a person, which is the basis for the formation of pathological processes and in particular diseases associated with mental disorders. Therefore, to avoid negative personal reactions due to the economic crisis, it is important to be able to adapt to a crisis state, to control one's emotions, to have a balanced mental state, a sufficient level of resilience, to use constructive strategies of coping behavior to resist psychological stress without negative consequences and this requires the implementation of specific government programs.It is determined that under the conditions of long-term military aggression, deepening and expansion of negative trends in the economy, low level of confidence in the system of public administration, weak financial discipline, high corruption, unsatisfactory attractiveness of investments, and excessive debt burden, the current economic dynamics of Ukraine are extremely weak, that demonstrates the high risk of crisis recurrence. Therefore, overcoming the risks of new crisis trends, ensuring long-term macroeconomic stability, and preventing negative personal reactions resulting from the crisis remains one of the main tasks of the economic policy of Ukraine.

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Published
2020-12-30
How to Cite
Hnatenko, V. (2020). Forecasting personal response to economic state crises. Public Administration Aspects, 8(6), 6-15. https://doi.org/10.15421/1520100
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Article