This essay focuses on promoting productivity-enhancing policies. Access the latest research and data on productivity trends and institutions
19 Pandemic has spread rapidly across countries in the world. It has disrupted the lives and livelihoods of all communities and is causing major challenges to vulnerable people. It also has a far reaching and negative impact on the economy and the well-being of the population”Pro-competition
for goods and services can help boost living standards, can raise output per capita by increasing investment and employment, and can encourage firms to be more innovative and efficient, thereby lifting productivity.fosters international co-operation between public bodies promoting productivity-enhancing policies. Access the latest research and data on productivity trends and institutions, and follow upcoming events. To measure countries’ regulatory stance and to track reform progress over time, since 1998 the OECD has been producing a set of indicators of product market regulation (PMR). This set included an economy-wide indicator and a group of indicators that measures regulation at the sector level.
1- Firstly, what are the real economic effects of the COVID-19 pandemic on the Saudi Arabian economy?
2-Secondly, Are the economic effects temporary or persistent?
3- Thirdly, Does it have economic costs (i.e. lose jobs), or do policies that slow the spread of the pandemic also reduce its economic severity?
4. Further, passion
Use your own words to answer these questions be sure to support your statements with logic and arguments