The worst part of coronavirus outbreak was the stagnating effect it had on the world economy. Everything came to a halt as production lines stopped and factories shut down.
This huge problem was something that affected people worldwide in a negative way in the sense that people lost their jobs and supply chains stopped functioning. After these long months, the country’s economy is slowly turning back.
A report published in this daily showed that due to export earnings, remittance inflow and unbending efforts by businesspeople, the country’s economy is showing signs of a bounceback from the coronavirus or COVID-19-related disruptions.
It is imperative that this speed of recovery is kept on
so that the economy can get to a better position
than it was in pre-Covid situation
This is definitely credited to the businessmen and the unrelenting efforts of the government. We laud the effectiveness of the countermeasures taken by the people concerned because of which the economy could bounce back so quickly.
This can be said to be an effort spearheaded by the Prime Minister as it was her directive to open business establishments and factories which resulted in this quick comeback. It is imperative that this speed of recovery is kept on so that the economy can get to a better position than it was in pre-Covid situation very soon.
The report also explicated that the incentive package by the government was the core driving force behind this swift recovery. Experts opine that the stimulus packages were a key part but we have to hand it to the small and medium business owners.
On the other hand, we have to give a pat on the shoulders of the export-oriented businesses as orders are flooding in from all around the world and they are earning a lot of revenue for the country. Above all, we should keep this upward trend so that the economy gets to a better position soon.
