During the year 2020, the world faced two major challenges that disrupted economies and businessplans all over the world. The challenges came in the form of an unprecedented Covid19 pandemicand the consequences of climatic change which brought onto economies, losses and recoveryissues. As countries struggled in the face of these challenges, economists busily tried to figure outhow to recover and place business activity back on track.The World Economic Forum undertook a research to determine how these challenges affectedcountries all over the world and investigated how governments are projecting output and GDPfigures for the coming year.The following is a severed projection data sheet that was published by the World Economic Forum.Real GDP, Annual % changeWorld OutputAdvanced EconomiesEmerging and Developing Economies2019202020212.8-4.45.21.7-5.83.93.7-3.36.0QUESTIONIn the light of the scenario above discuss the monetary and fiscal incentives that worldwidegovernments need to adopt to achieve the 2021 projections. Your discussion should also includehow these incentives will benefit the insurance industry that needs to risk manage its operationswhile preserving its resources and retain competitiveness both locally and internationally.

Macroeconomic policy: This describes the actions taken by central banks and governments to control…

In the light of the scenario above discuss the monetary and fiscal incentives that worldwide governments need to adopt to achieve the 2021 projections. Your discussion should also include how these incentives will benefit the insurance industry that needs to risk manage its operations while preserving its resources and retain competitiveness both locally and internationally.

In the light of the scenario above discuss the monetary and fiscal incentives that worldwide governments need to adopt to achieve the 2021 projections. Your discussion should also include how these incentives will benefit the insurance industry that needs to risk manage its operations while preserving its resources and retain competitiveness both locally and internationally.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 6SCQ: Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram...

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