COVID-19: Global Diagnosis and Future Policy Perspective

The COVID-19 crisis is a dual crisis - public health crisis and a macroeconomic crisis. The policy responses to this crisis have been a ‘life versus livelihood’ sequencing and the findings are such that global cooperation, and domestic macroeconomic policies complementing with exit strategy to solve the economic disruptions in supply chains can be helpful. The macroeconomic uncertainty creates by covid pandemic is hard to measure. The post covid economic revival to V- shaped or U-shaped depends on the exit strategy. Globally, countries have resorted to macroeconomic policy packages for revival.