ECON100: Choose a country of your choice and use the following questions to assist you to write an essay analyzing how the Covid-19 has impacted this country: Economic Essentials for Business Essay, UOW, Singapore

Essay Question

Choose a country of your choice and use the following questions to assist you to write an essay analyzing how the Covid-19 has impacted this country.

1. Use the quarterly GDP data to examine and explain the trend from 2019 Q1 to 2021 Q2. Was there a technical recession? Was there a recovery in 2021 Q2? Are you able to break down the data into C, I, G, X, and M?
2. Examine the unemployment rate during this period. Which are the sectors worst hit by the crisis? What type of unemployment would you consider them?
3. What were some of the fiscal and monetary measures used by the Government to reduce unemployment and boost GDP?
4. What are the limitations of the fiscal and monetary policies used?