ECON1020: The Great Lockdown: Macroeconomic Impact Report - Economics Assignment Help

Assignment Task:

CONTEXT

The COVID-19 pandemic forced most economies to rigorously pursue social distancing practices, close borders for international travel, and to shut down business venues for public gatherings such as cafés, restaurants, gyms and cinemas. The result is a global recession now known as the Great
Lockdown. As of June 2020, the International Monetary Fund projected in the World Economic Outlook Update a 4.9% contraction of the world economy this year, as compared to 0.1% during the 2009 Global Financial Crisis. Governments and central banks around the world have taken various policy actions to limit the contraction of their economies on the one hand, and to speed up their recovery on the other.

TASK

As the Senior Economist of a credit-rating company, you are required to:
a) assess the macroeconomic impacts of the pandemic on a specific country’s economy; and
b) evaluate the effectiveness of the specific country’s policy responses. In doing so, you will deliver a structured The Great Lockdown: Macroeconomic Impact Report,
which can include the following illustrative features:
? Up to four (4) figures (diagrams, graphs or tables) in total. Here, you can use a mixture of diagrams, graphs and tables provided the total number is no more than 4.
? You can include more than one variable in a graph or table.
? You must produce your own figures, rather than cut and paste from other sources.

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