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The impact of Covid-19 on each country’s economy is a complex function of numerous factors. Relevant factors include extent of disruption caused by lockdown, financial health of enterprises and pattern of industrialisation. The response of each national government is a function of its financial strength, type of political system and prevailing social conditions. The national response involves a series of balancing acts. For instance, stimulus measures must strike a balance between foregoing tax revenue and aiding enterprises to resume operations.
Treasurer
santosh.pai@linklegal.in
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