Managing the monetary and fiscal efforts to alleviate the turbulence from the COVID-19 crisis in the world and in our country

Gogova Samonikov, Marija and Veselinova, Elena (2021) Managing the monetary and fiscal efforts to alleviate the turbulence from the COVID-19 crisis in the world and in our country. Vol. 6 (2021): Journal of Economics-Special Issue, 6. pp. 30-44.

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Abstract

Data says that nearly 128 million people have been infected with COVID-19 and more
than 2.5 million people have died worldwide. This has been further compounded by an
economic crisis caused by the disease's disruption to the world economy, resulting in
millions of people losing their livelihoods, exacerbating global poverty and inequality.
The International Monetary Fund (IMF) estimates that the world economy, as
measured by real gross domestic product (GDP), shrank by as much as 3.5% in 2020.
The MSCI All Country World Index (ACWI), which tracks large- and mid-cap companies
in 50 developed and emerging countries around the world, fell into a bear market
during March 2020, and didn't pass its pre-COVID-19 high until late August.
In response to this crisis, governments and central banks worldwide have enacted
sweeping and sizable stimulus measures to counteract the disruption caused by the
coronavirus and provide relief to those suffering from the pandemic.
Did these measures work? What is the right way out of the crisis? How long will this
turbulence last? How long will the consequences last? Some of these questions are
subject to variable answers, and some of these questions have yet to be answered.
The purpose of this paper is to compare the measures implemented by countries and
identify the best way to manage them to achieve faster economic recovery. Methods
of analysis, comparisons and statistical calculations were used to show the real
picture of the current situation.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Marija Gogova
Date Deposited:	29 Dec 2021 08:23
Last Modified:	24 Jan 2023 09:43
URI:	https://eprints.ugd.edu.mk/id/eprint/28986

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