IMPACT OF THE COVID-19 PANDEMIC ON SOCIAL AND ECONOMIC DEVELOPMENT AND THE SITUATION OF THE MOST VULNERABLE POPULATION

The article provides an overview and analysis of the economic consequences for economic agents of the outbreak of the COVID-19 pandemic and its impact on the socio-economic development of the Russian Federation. The purpose of this study is the need to change markets in the context of unpredictable socio-economic fluctuations in the world and the long-term consequences of the pandemic for people, including the elderly. Methods. the method of descriptive statistics was used on samples of predicted values of economic losses from a pandemic in the form of changes in the growth of gross domestic product published by the International Monetary Fund (2020). Russian statistical and periodic sources were used. The comparative method was used to determine the difference between gross domestic product growth and other economic indicators over the same period. Data synthesis and analysis methods were applied to clarify the status and interdependence of industries and services of global markets in globalization using empirical research on this topic. Results. The authors have identified the financial measures aimed at supporting enterprises and organizations, as well as the most vulnerable categories of the population. The main measures taken are: food distribution, payment of social benefits, support for new employment regimes, medical care, creating conditions to reduce the risk of infection. At the macro level, new strengths of the carried out actions were identified for inclusion them in development policies aimed at preventing and controlling a pandemic, revising the tax burden, overcoming the crisis and promoting socio-economic development in the future.