In: Economics
Write an article explaining the potential impacts of COVID19 on incomes, health and welfare of people of the Pacific. Justify how the policies and initiatives against the pandemic have functioned in meeting their targeted objectives. Use some empirical measures to show the impact of COVID19 on the broader Fijian economy. use Empirical summary with data , context analysis , and macro implications summary .
Covid-19 is a socio economic crisis and unprecedented crisis. the covid-19 pandemic has its effect on the different countries of the Pacific region. South Korea and Vietnam emerged as being exemplary models for containment of the pandemic. Where is other countries in this region had lots of struggle in checking the pandemic. This panda make head concurrent disasters on the federal government. Impacts were heavy on the small and medium enterprises. impacts included on growth and jobs which was a very major victim of the covid-19. Also the youth adaptation to change and the nature role of the people in response to covid-19. Covid-19 pandemic had an impact on the investment in Asia. Myanmar had reduced the covid-19 impact on the communities. In Indonesia pandemic had an effect on the women and work also. Economies of the Pacific area islands where did heavily dependent on the tourism which grammatical collapsed during the covid-19 pandemic. There was severe disruption in the international trade and remittance was reduced. The covid-19 pandemic had its impact on the Fiji tourism industry and its associated sectors. the value addition from the spending of the healthcare resulting from the dramatic campaigns of the health checks all over the lockdown period and also the increase in the information and communication sector activity. Decline in 75% of the fiji's tourism industry. This has gave birth to huge unemployment as the hotels and the resorts business which are associated have scaled back or the shutdown operation. reserve Bank off is declared the weak global economic environment.