Question

in this current situation (covid-19) global emergence, If you are a business person or a government official, what do you need to do for the economy to start rolling after the vaccine is found?

Answer 1

Answer) I current challenging times,the idea is to ensure minimal loss and quickly find a vaccine and in between try to get through this period,Economy has suffered with unemployment numbers showing a glimpse of it,with stimulus packages,Governments around the world are trying to fight this situation,task after finding vaccine will be to look after economy and mitigate the damage,as a government official/business person following will be my suggestions for the same

1. Something is always better than nothing-A lot of businesses will be hit but more so will be small businesses,if a business closes it will be difficult for it to reopen but if Government supports it,it may be able recoup its losses in coming months and save the future hit,some governments like US government has already established a fund of $30 billion and 3 lending facilities to protect these businesses,so this has to be done quickly once vaccine is ready.
2. Identifying vulnerable industries-There will be industries which will be back on their feet in some time but industries like tourism,industries like entertainment,will people travel immediately after vaccine is found,will people go to cinema immediately after vaccine is found,these industries are most vulnerable and governments need to assure people that after vaccine is found there is no scope for fear.
3. International community needs to step up-Leaders across world would need to see how they can help economy,how they can increase spending,this step could be a potential decider of how great challenge would be.
4. Catching up plan-If you would have followed any league,there are cases made as to cover up the lost ground,it could be by playing more aggressively and that would be required which would mean more policies which are expansionary in nature,a plan in place which estimates the timeline by which losses can be recovered from.

These are some of the first repsonses one can take to help economy once vaccine is found.

Answer is complete.Thank you!