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V O L 5 2020 I S S U E

ECONOMY

The pandemic has brought with itself recession which can grow into the greatest we have ever While there are fears about so many things and negativities around but it won’t lead us to
seen. Although lockdowns are the need of the hour, it remains to be seen how the delicate balance anywhere. As the Covid pandemic intensifies, more things may fall apart and further call on our
is maintained. There have been varied responses of different countries with some going for full, resolve to power through. Now is the time to think about what’s really important for us. There
partial or no lockdown. should be a scientific and analytical approach to the whole situation. Genetic engineering, drug
research, discovery, individual focus treatments should be the way forward as human brain pushes
The long term concern as sighted by noted economists is ‘Reversal of Globalisation’ which could for good, better and the best.
impact economies like India. Focus on domestic market is imperative but export is critical to
growth and export is just price sensitive!! A closed economy can lead us to pre 90’s era where
inflation might skyrocket and liquidity is less.

It remains to be seen how governments around the world focus on stimulation of economy, which
if not controlled in long term can further deter response against this pandemic.

Worry is like a rocking chair:
It gives you something to do

but never gets you anywhere,”

46 - ERMA BOMBECK 47