The effects of covid-19 on the global economy

Abstract EN

Due to Covid 19 pandemic, policymakers need to consider long-term measures, and sustained fiscal and monetary policies to ensure economic recovery.

Thus, several central banks introduced sizably expanded asset purchase programs besides conventional interest rate cuts.

This paper analyses the new economic sitation in reaction to the pandemic consequences, the study concludes that policymakers have acted quickly to put in place economic measures to support economies.

Consequently, all over the world, monetary and fiscal measures have been engaged.

Meanwhile, we observe that monetary policy alone is less effective.

It requires besides a complementary fiscal policy to curb the recession.