AN EMPIRICAL EVIDENCE OF ECONOMIC RECOVERY DURING THE PANDEMIC PERIOD INTO WORLD ECONOMY
Journal: International Journal of Advanced Research (Vol.9, No. 12)Publication Date: 2021-12-14
Authors : Stamatis Kontsas; Stavros Kalogiannidis;
Page : 706-715
Keywords : Pandemic Recovery Challenges Global Policy;
Abstract
We are in the midst of an asymmetrical recovery. In some countries, COVID-19 infection rates have fallen significantly, while in others, the virus remains difficult to control. But whether governments are actively managing outbreaks or returning to normality, economic recovery is central to their forward-looking agenda without a broad-based economic expansion, it is difficult to address other challenges, such as education and healthcare.The International Monetary Fund(IMF) recently raised its projection for economic growth in 2021 to 6%, up from 5.5%, and projects 4.4% growth in 2022. The upgraded outlook is based on how well the pandemic continues to be controlled, the efficacy of fiscal policy in mitigating economic damage and global financial conditions. Although businesses are the engines of the economy, governments create the environment and structure that enable enterprise to flourish . How governments create and shape the environment for economic recovery—and the opportunities and challenges they face in doing so—will depend on two decisions they make about their approach.
Other Latest Articles
- CLINICAL PROFILES OF PATIENTS UNDERGOING PACEMAKER IMPLANTATION
- AGE AND GENDER RELATED MORTALITY AND OUTCOME OF COVID 19 POSITIVE PATIENTS
- EFFECT OF CAVITY RATIO ON HEAT TRANSFER BY FREE LOAD FROM HEATED PLATES UPWARD WITH CONSTANT HEAT FLUX
- HEAT TRANSFER ENHANCEMENT USING HELICAL PIPES
- Topographic Study on the Rehabilitation of the Land Surface Related to the Izvor Sports Complex Located in Bocşa Locality, Caraş-Severin County, Romania
Last modified: 2022-01-15 20:35:57