Question

what are the actions would you suggest restoring our economy from the slump caused by the ongoing pandemic?

Answer 1

It can be mentioned that in order to come out of the current pandemic reviving the economy is very important for the country's to sustain on the whole and in this regard there are certain methods to tackle based on the experience from the great depression and the great recession that was experienced in the past century

In this regard you have to understand the fact that economic slowdown is caused due to the reduction in growth rate where unemployment is on a huge scale and mostly inward looking nature has to be adopted by the countries on the initial stage So that even if the cost increases the employment levels increase and the domestic industries initially can revive on the whole and after that it should be given importance. For this the government spending level should increase and the stimulus package must continue so that the sectors that have been affected by this especially the airlines and logistic sector would revive initially and come on its feet and increase the unemployment level in a steady manner on the whole.