Coronavirus, and economic measures by governments

Coronavirus, and economic measures by governments

Many economist save economy

To many economists, 'save economy or 

people' is a misconception because a strong economy depends on healthy people ... it would 

be harmful to try to increase demand for goods as a short-term measure. People staying

safe in homes is more important for the economy ... If there is a soul then there is the 

world .. ... so to protect people from the virus, it is imperative to stop shopping 

altogether In the current situation, not being able to take a social distance is being 

considered as a social pollution. But it is not easy to stop the poor people from earning 

a living. In such a case, it is the government's responsibility to promptly pay people the 

income they need so that they do not become social carbon manufacturers.

Lockdown hit economy

 Let's take a look at what governments in different countries are doing to restore the lockdown-hit economy. 

Pakistan announces $ 6 billion aid package to reduce the economic impact of the epidemic 

.Interest rate has been reduced from 13.25% to 11%. Exporters are given a rebate of 100 

billion rupees while the same amount is allocated for agriculture as well as small and 

medium sized businesses.Petrol and diesel have to started sell at 15 rupees lower price. 

Pakistan where 39% of the population is living in poverty mill due to the lockdown, So for 

this, low-income people are being paid Rs 12,000 per household. This money is being funded 

by a fund of 150 billion for the poorest working class. It is said that with this fund, 67

million poor people will be rewarded. SBP introduces loan scheme for private entities with 

salaries of employees subject to 5% interest. From April 14, business activities will be 

gradually restored in a phased manner, especially in the field of construction. The 

provinces have also taken various steps while in their own jurisdiction as Sindh province 

has announced various concessions and facilities in respect of electricity, gas and water 

bills and school fees.

Pakistan economy similar

Pakistan's economy is very similar to Southeast Asian countries 

Indonesia, Malaysia, Vietnam etc.Indonesia's largest economy, therefore, would be worth 

mentioning. The government plans to spend $ 24.65 billion extra to keep the economy on the 

right track during this global outbreak. That would reduce the country's fiscal deficit to 

5.07 percent of GDP. Corporate tax has been reduced immediately to 22%. Emphasis on the 

free delivery and mobility of funds. Saudi Arabia announces $ 32 billion to enter health, 

banks, financial institutions, small and medium-sized businesses and other sectors. 

Industries affected by the current situation have been directed by Shah Salman Bin Abdul 

Aziz to apply for 60% of the next three months' salaries instead of dismissing employees. 

Economy protect to corona

The two largest powers in the world - the United States and China - also appear to have

opened their eyes and save the boat of economy protect to corona. More than 16 million 

people in the US affected by the epidemic have filed for unemployment dues. The government 

has introduced a $ 200 billion economy rescue package. Interest rates have been reduced to 

1.25%. The rules for commercial banks are simplified. Home loan, currency and small 

business relief programs have been created. China has taken drastic measures to overcome 

the epidemic of the outbreak ... Investment for Infrastructure Rehabilitation Supports $ 

394 Billion in Local Government Securities. Interest rates have not changed substantially. 

People's Bank of China has allocated $ 21.5 billion for small and medium-sized businesses 

Third largest economy in the world

Corporate costs have fallen .Increased demand and affected export orders.Business 

activities have begun to recover. Finally, the world's third largest economy knows the 

state of Japan, where interest rates are 0.10- $ 357 billion in stimulus patch to 

stimulate the outbreak of disease and the health sector, especially the Corona virus 

vaccine and pharmaceuticals preferred. The aforementioned package will benefit those who 

have been exposed to unemployment ... Returning to the small and medium-sized business to 

meet the shortage of demand is also desirable.

Coronavirus, I might die of hunger instead of virus