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Managing the monetary and fiscal efforts to alleviate the turbulence from the COVID-19 crisis in the world and in our country
2021
Journal of Economics
Data says that nearly 128 million people have been infected with COVID-19 and more than 2.5 million people have died worldwide. This has been further compounded by an economic crisis caused by the disease's disruption to the world economy, resulting in millions of people losing their livelihoods, exacerbating global poverty and inequality. The International Monetary Fund (IMF) estimates that the world economy, as measured by real gross domestic product (GDP), shrank by as much as 3.5% in 2020.
doi:10.46763/joe2160030gs
fatcat:kzeccds63jeexeqdjqaxhxlhsm