The COVID pandemic is an instance of a financial crisis turning into an economic shock. Instead, it is an economic shock brought on by a weak public health system that can turn into a financial crisis. The damage has to be mitigated by public spending in the appropriate sector. Comment. 10 marks - Civilsdaily

The COVID pandemic is an instance of a financial crisis turning into an economic shock. Instead, it is an economic shock brought on by a weak public health system that can turn into a financial crisis. The damage has to be mitigated by public spending in the appropriate sector. Comment. 10 marks

Mentor’s comment- https://indianexpress.com/article/opinion/columns/government-cites-lack-of-fiscal-space-for-reluctance-to-provide-adequate-support-to-economy-this-is-odd-7105005/ In the intro, mention how the shock is different from the past economic shocks which originate in … Continue reading The COVID pandemic is an instance of a financial crisis turning into an economic shock. Instead, it is an economic shock brought on by a weak public health system that can turn into a financial crisis. The damage has to be mitigated by public spending in the appropriate sector. Comment. 10 marks