Answer to Question #239373 in Macroeconomics for A.v

Question

Discuss the economic effect of covid 19 on employment,output and inflation in south africa

Answer 1

The effect of the Coronavirus shock fluctuates incredibly across different sectors. Work in the tourism and the travel industry sectors began to decrease in Spring. By April 2020, we discover a drop in business levels across all areas. Work in the assembling area has made the greatest effort in outright numbers with job lost. The accommodation and the travel industry area has seen the most articulated effect in relative terms. The most un-affected have been the monetary area just as discount and retail. While we additionally see a decrease in compensation payouts across different areas, it can chiefly be credited to firm-even out changes on the broad wiggle room: firms laying off workers.