The South African economy went into recession in 2020 that will deepen due to the Covid-19...

The South African economy went into recession in 2020 that will deepen due to the Covid-19 virus and were downgraded to junk by the rating agencies. At the same time government debt is mounting since 2009 into a so called debt trap. Explain how this will inhibit the government to resolve the recession.

Expert Solution

Rahul Sunny answered 7 months ago

What will be the consequences on the economy of South Korea after COVID 19?

Why is South African economy not growing?

Due to COVID-19 a recession is inevitable at US and global level. Discuss the current Fiscal...

Due to COVID-19 a recession is inevitable at US and global level. Discuss the current Fiscal Policy in place to combat the impact of the virus on the US economy. Also, explain how the recent Fiscal Policy is expected to fix the changes in GDP, Inflation and unemployment. Discuss the current Monetary Policy in place to combat the impact of the virus on the US economy. Also, explain how the recent Monetary Policy is expected to fix the changes in...

During this COVID‐19 pandemic, the South African Reserve Bank (SARB) plays a crucial role in maintaining...

During this COVID‐19 pandemic, the South African Reserve Bank (SARB) plays a crucial role in maintaining financial stability. Describe the roles that the SARB can play to ensure the objective of financial stability is met. Marks will be awarded for the quality of your paraphrasing, i.e. you must write in your own words. (Note: 1 mark to identify the area and 2 marks to describe each of the areas) The 4 areas are: Formulation and implementation of monetary policy- Service...

Since the beginning of 2020, the world is suffering from the pandemic. Due to Covid-19, the...

Since the beginning of 2020, the world is suffering from the pandemic. Due to Covid-19, the demand for surgical masks surges rapidly. Assuming firms that produce surgical masks only need machines that produce surgical masks and workers that operate the machines. What do you think would happen to the equilibrium wage and unemployment, if there is no quarantine in place? And if there is? Assuming we are talking about a small closed economy.

Due to the COVID-19 pandemic, the Federal Government stepped in and legislated in March 2020 to...

Due to the COVID-19 pandemic, the Federal Government stepped in and legislated in March 2020 to temporarily suspend key aspects of insolvent trading law in the Corporations Act 2001 (Cth) for a period of six months. The suspension was recently extended to last until 31 December 2020. In view of these events, do you think that the Federal Government should permanently remove (ie. abolish) Australian insolvent trading law, especially considering that no such equivalent law exists in the United States?...

Problem 1 The economy has suffered decline in output due to Covid-19. To avoid the economy...

Problem 1 The economy has suffered decline in output due to Covid-19. To avoid the economy plunging into a deeper recession, the government introduced a stimulus bill whereby every individual would get cash. i. How can such a stimulus bill be represented in our macroeconomic model? ii. Using just the equilibrium model of output market (this is the graph with aggregate expenditure and the 45 degree line), show what happens to the equilibrium level of output. iii. How is the...

What did the South African government do to assist small businesses financially during the Covid-19 pandemic?...

What did the South African government do to assist small businesses financially during the Covid-19 pandemic? Do you agree with their (the government’s) strategies or not? Explain. Describe what you think a sustainable small business sector in South Africa should look like post-covid-19; include the new types of businesses that you think will emerge during and after the covid-19 pandemic.

The Covid-19 crisis and subsequent 21-day lockdown has been a supply-side shock to the South African...

The Covid-19 crisis and subsequent 21-day lockdown has been a supply-side shock to the South African economy. In response, the Reserve Bank has announced a number of policy interventions to help cushion the blow. Use the AD-AS model, in conjunction with the IS-LM-BP, to explain the supply and demand dynamics of the shock and policy response. Draw the graphs and explain the complete chain reaction

statistical analysis of economy loss in toys industry due to covid 19 in china

Question