ECON201- short Qs.

“The COVID-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”

1- what are the real economic effects of the COVID-19 pandemic on the Saudi Arabian economy?
2- Are the economic effects temporary or persistent?
3- Does it have economic costs (i.e. lose jobs), or do policies that slow the spread of the pandemic also reduce its economic severity?

” Use your own words to answer these questions be sure to support your statements with logic and arguments.”