Question

post your comments on the economic impact of another Covid relief package. Do we need it? How can it stimulate the economy?

Answer 1

The Covid relief package is extremely essential at this time to ensure the economies do not crumble. Millions of people have lost their jobs across the globe and this has severely affected the aggregate demand. To stimulate the economy and revive the aggregate demand, relief packages become necessary. These packages will help the poor and unemployed to survive. This will also ensure that economy does not slip into recession.

Governments are using the relief packages as a way to ensure that the vulnerable groups are protected and control the damage done due to lock down which has led to a halt of business activities. These packages will retain the confidence so that the economy functions well.