Answer to Question #216424 in Macroeconomics for lindo

Question

b. Indicate how the overall Covid19 Fiscal Policy intervention impacted SA Businesses. Provide a detailed motivation for your response.

Answer 1

South Africa's government has enacted policies that will need to be adjusted in response to changing health and economic challenges. Containment measures may only be lifted gradually, resulting in uneven recovery. Where the recovery is sluggish, budgetary action can help. Multilateral cooperation will be critical to the global economy's recovery and resilience to future shocks.