Question

How can we make sense of drivers of change during coronavirus?

How can we make sense of drivers of change during coronavirus?

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Answer #1

During this coronavirus epidemic, the world economic status got stagnant. there is no production. no supply no export and no import. at this situation, unemployment is at its highest level and GDP coming down day by day.so in such kind of unpredictable situations, any economy is greatly dependent on its government aid and policies. here fiscal policies and monetary policies only let the community to survive. government fiscal policy like giving money to the poorer class and distributing food and other necessities at free of cost and other small policies are really making the economy movable. To support the production and distribution units with an optimistic hope government had reduced the interest rate, EMI moratorium etc this types of monetary policies really work as a driver for change in this crucial period.

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