Covid-19 global economic pandemic has negatively affected economies as a whole at the global, national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to have negative impacts on the macro business model as the global recession seems to be inevitable. You are working as a macroeconomist in economic affairs in your local country, and you are tasked with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on what specific government policies can be implemented as a stimulus package to jump-start the economy savings and investment market. The team meeting will be held in 3 days from the date of the assignment and because of limitation of time the Chief economist has given you the following guidelines: (a) You are required to identify four (4) key macroeconomic issues from the impact of Covid-19, (b) For each issue identify in (a) explain in detail what specific government policy/ies would you implement (c) For each government policy/ies identify in (b) what would be the rationale for your choice of policy. Your answer should be accompanied by relevant diagrams.
Question: Problem Scenario
Covid-19 global economic pandemic has negatively affected economies as a whole at the global,
national and regional levels. The novel effects of the fluidity of Covid-19 appears to continue to
have negative impacts on the macro business model as the global recession seems to be inevitable.
You are working as a macroeconomist in economic affairs in your local country, and you are tasked
with analyzing the impact of Covid-19 on the economy and you are required to prepare notes on
what specific government policies can be implemented as a stimulus package to jump-start the
economy savings and investment market. The team meeting will be held in 3 days from the date
of the assignment and because of limitation of time the Chief economist has given you the
following guidelines:
(a) You are required to identify four (4) key
(b) For each issue identify in (a) explain in detail what specific government policy/ies would you implement
(c) For each government policy/ies identify in (b) what would be the rationale for your choice of policy. Your answer should be accompanied by relevant diagrams.
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