Answer to Question #240419 in Macroeconomics for Cupid

Question

Analyze the macroeconomic variable to provide an assessment on the impact of the pandemic in your selected economy. You need to provide a pre-Covid assessment and current-Covid analysis in order to illuminate on the difference due to the health crisis. It is required that you use data, analyze the data, use and apply macroeconomic theory in your discussion. You must illustrate your skills in macroeconomic analysis (use of data, description of variable and its importance, analysis of data, use of tables, graphs, charts, theory, tools, models, report writing, clarity in writing to bring out the impact).

Country: Fiji
Macroeconomic Indicator: Inflation

Answer 1

COVID-19 has made most of the economy decline into inflation. Fiji has experienced decline in generating revenue as the GDP has decreased. Most of the business operations shut down due to COVID-19. Most citizens lost their jobs during the pandemic. The growth rate declined at a large margin due to the state. The pandemic similarly discouraged foreign investors from coming to Fiji, leading to a decline in the imports. Similarly it was hard to export products out of the country since most of the borders were closed.