ranjan

It is well understood that there cannot be a lasting end to the economic crisis without an end to health crisis.   In the light of continuation of pandemic, Governments and emergency services  are focusing on immediate needs - boosting all around capacity in hospitals, addressing hunger and protecting firms and families from eviction and bankruptcy. The choices that governments make to restart their economic engine, including long term social, economic and environmental benefits they look for to achieve though their stimulus investments will be extraordinarily consequential in insuring that they build back better and stronger.   A major issue for the Govt. is the extent to which it has fiscal firepower to protect jobs and economic activity. To get a possible sense of where this might be heading taking into account the second wave of COVID 19 in the later part of 2020 and regional lockdowns in the first half of 2021, a budget deficit of 20% of GDP is predicted -equivalent to Second worl