COVID-19 Economic Response

The COVID-19 economic response includes measures by governments and central banks to support individuals, businesses, and economies affected by the pandemic. These measures often involve financial aid, stimulus payments, unemployment benefits, and loans to maintain cash flow. Additionally, central banks may lower interest rates to encourage borrowing and investment. The goal is to stabilize economies, preserve jobs, and help businesses survive the downturn caused by health restrictions and decreased demand. Overall, these strategies aim to mitigate economic hardship and promote recovery as the pandemic situation improves.