Grim situation of the world due to COVID19: economic perspective
aggregate demand, aggregate supply shock, COVID-19, Informal Economy, joint analysis of fiscal and monetary policy, Unemployment
Besides human death economic catastrophe, which has already been started around the world due to COVID19, a question arises how to tackle the devastating nature of this pandemic. The study is basically done based on secondary sources. Time period of the study was up to April 6, 2020. The study tried to get a conceptual view for time demanding collaborative effort among the global arena so that this pandemic cannot make long-lasting devastating impact on global economy. The study also did a small opinion poll survey by email/cell phone, land phone, and personally asking by maintaining social distance among 108 respondents considering three segments of the income strata of the people in Bangladesh. Based on the respondents replies, Figure 2 was drawn, which is shown in Appendix.