Question

Negative impact of the Corona virus on business

Answer 1

Answer:

China shows that we can stop coronavirus through containment - but at a significant economic cost.

Globally, the coronavirus shock is severe even compared to the Great Financial Crisis in 2007–08.

Policymakers must support vulnerable households and smaller businesses to mitigate the impact of this severe shock.

The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. China’s experience so far shows that the right policies make a difference in fighting the disease and mitigating its impact—but some of these policies come with difficult economic tradeoffs.

Explanation:

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