The pandemic has created colossal economic impact on various economies globally while policy response has come under increased scrutiny.
Some countries have done fairly well to control the virus like China, New Zealand, Malaysia and Denmark. Others like the UK, India, France, the US, and Australia have done quite badly in handling the virus.
The main factor has been one – policy response.
Juwai IQI chief economist, Shan Saeed said, global leaders from 195 countries need to draw out an effective strategy and to make a solid effort in order to help stop the spread of virus. I am very sure we have smart leaders globally who can formulate a strategy to help stop this virus and save billions in terms of economic cost and human lives.
So, countries’ recoveries are dependent on other country’s response to virus. Collaboration is key among countries in tackling the virus in order to get the economic momentum going.
Source: The Sun Daily