Page 13 - ECO120 Group Presentation latest

• Safeguarding employment and livelihoods. Other measures mainly include supporting the welfare

of the people through income and support. This will allow individuals and businesses to

temporarily stop work without adversely affecting their ability to continue to dissolve.

• Excessive economic activity. Further, once the pandemic has reached its peak and movement

control is lifted, by adding an expansion component with the primary aim of helping businesses

and individuals bounce back.

• High political demands will be required. Some policy responses may require falsification or

changes of certain laws through special or emergency parliamentary sessions

• Active labor market policies play an important role in helping the workforce to adapt to changing

labor market demand in various sectors of the economy.

• Cooperation and coordination are key. At the multilateral and regional levels, collaboration will be

important not only to exchange information on COVID-19 and prevent cross-border transmission

but also on broader issues such as debt management, technological innovation and transfer, and

crisis preparedness.