Macroeconomic Analysis

Macroeconomic Analysis

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Global COVID impact.................................................................................................................3
Policies and initiative taken up by Fijian government.................................................................9
Impact of measure on Fijian economy.......................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Macroeconomic analysis refers to the process for utilizing all macroeconomic factor and
principle of economy. It is rare text which holds on both comprehensive and rigorous as well as
concise and simple understanding to various factors such as employments, inflation,
governments policies. The outbreak of COVID 19 pandemic have disrupted the economy all
around world bringing up global recession.
The evolution of pandemic and its economic impact is having high uncertainty which have
made very difficult for policy makers to formulate appropriate macroeconomic policy response.
In this article there will be discussion potential impact COVID 19 on income, health and welfare
on Pacific people. Beside this, article will have specific discussion on various polices and
initiative have functioned up to meet target objectives by Fijian economy.
MAIN BODY
Global COVID impact
For dealing with uncertain challenges caused by COVID 19 pandemic have created up
risk toll on people across the world. While writing up this article, there are 43500000 confirmed
cases of COVI 19 around the globe. As pr the official report, the targets confirmed cases were
from united states, Italy, France followed up by India. However, the countries with new cases
have less aggressive hit under considerable strain. Many countries have cleared up with
restrictive measure such as lockdown, shelter in place to contain academic at local level. The
different government have failed to take up situation to slow down the spread of coronavirus. On
January 23, Chinese authorities have declared the COVID 19 as worldwide pandemic.
The European countries have sense mase as necessity for security ordering up the
nationwide lockdown tuning out to be first country to do so. The government have banned all
travel around country making people to leave home when only it is essential. People have to
carry declaration form along with waring up mask and disposable gloves. On the other hand, UK
have less rigid approach as compare to European counties in order to maintain proper balance
between mental and physical health. In addition, PR actioner in UK National Health Services
have been bracing up strain to NHS resources cracking up under pressure of increasing COVID
19 cases. The strategy has involved up with gradual easing of lockdown measure in increasing
up COVID 19 testing. Testing will be helpful in reinsuring exposed to coronavirus receiving the
care they need for wishing up to return in normal life, little by little.
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The global survey has been taken up conducted in two specific phases on 30000 people
across 27 countries. The countries were market up in access and affordability to healthcare” and
“communicable/infectious disease containment and prevention” tied as the top two priorities on
the list. On the other hand, “Corruption and transparency” stand up on the 3rd most urgent issues
turning out citizen as frustrated with government handling on COVID 19 around globe. As the
result stated
 Globally 71% respondent states it as lowest point in their country history.
 Around two third respondent states that their leader was in touch with rest of company.
 Only three countries (Malaysia, china and India) major respondent have strongly
supported the country regarding handling of pandemic situation.
 In us only 29 % of respondent are supporting up their country.
` As the key finding national lockdowns swept the globe with shift towards virtual
learning leading to increase up urgency in access and affordability to education. Around 64 %
people globally as urgent issues to solve out personally. There has been the biggest increase
urgency in financial vulnerability. This have assessed the economic impact of pandemic having
bigger effects than virus itself.
On the other hand, pandemic have exacerbated the world socio economic challenges as
every issue in every county have gained up intensity. The issue ae such as infectious disease ana
containments, accessibility and affordability to healthcare, corruption nd transparency, climate
change and environmental degradation, system justice and inequality and poverty and
deprivation of human need. Beside this business have stepped out as to meet up moment. As the
data have indication as 61% ae stating that’s companies have tend out more reliable ana
governments in keeping up country running during COVID 19. They have given up the charge to
speak up solving out social economic challenges.
Pacific countries
Pacific islands are one of the remote countries on earth. Pacific island havehas weakened
in the month on COVID due to evaporation of tourism, severe disruption to international trade
and remittances reduction. In these countries’ pandemic have cut deeper cuts even worst
cyclones for past years. the pacific island share up unique challenges due to be in small in
size ,size, geographically remote ,remote, vulnerable shockvulnerable withshock with limited
economics devastedeconomics devasted by COVID-19.
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