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

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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


(d) Your answer should be accompanied by relevant diagrams.

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Please assist with the relevant graphs for the four major macroeconomic issues that were caused by the Covid-19:

  • Fall in output and growth
  • Increase in unemployment
  • Banking crisis
  • Fall in net exports

issues discussed 

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