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Economic Resilience in the Face of COVID and the War in Ukraine: Key Lessons From the Situation of the Polish Economy

Artur Paździor ^a

Wiesława Caputa ^b

Izabela Krawczyk-Sokołowska ^c

^aLublin University of Technology, Poland

^bWSB University in Poznan, Poland

^cCzestochowa University of Technology, Poland

Modeling Economic Growth in Contemporary Poland

ISBN: 978-1-83753-655-9, eISBN: 978-1-83753-654-2

Publication date: 9 November 2023

Abstract

Research background

The Covid-19 pandemic and the war in Ukraine are a real example of how uncertainty can trigger radical changes in the socio-economic system on a macro and micro scale. The indicated events contributed to the increase in the level of uncertainty, and its effects appeared in the real conditions of the functioning of international communities.

Purpose of the Chapter

The purpose of the chapter is to determine the impact of the Covid-19 pandemic and the war in Ukraine on the situation of Polish consumers and the resulting behaviour in the context of business–consumer relations.

Methodology

This goal was achieved through literature studies, analysis of changes in selected indicators of the economic situation and analysis of basic variables determining the relationships between consumers and suppliers.

Findings

The presented research results allow us to conclude that both the pandemic and war had an impact not only on the economic indicators but also the financial standing of households. We are seeing an increase in the differences between the nominal and real value of these incomes. Inflation is on the rise, forcing households to change their spending structure and look for savings. Of course, there have been and will be companies that do not have to be significantly affected by the effects of these events. In this group, companies related to the provision of IT infrastructure and specialising in establishing multidimensional relationships in the digital space should be pointed out.

Keywords

Citation

Paździor, A., Caputa, W. and Krawczyk-Sokołowska, I. (2023), "Economic Resilience in the Face of COVID and the War in Ukraine: Key Lessons From the Situation of the Polish Economy", Bukalska, E., Kijek, T. and Sergi, B.S. (Ed.) Modeling Economic Growth in Contemporary Poland (Entrepreneurship and Global Economic Growth), Emerald Publishing Limited, Leeds, pp. 75-87. https://doi.org/10.1108/978-1-83753-654-220231005

Publisher

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Emerald Publishing Limited