Shaheer Rizwan- Australia vs USA- Coronavirus Response

LINK: https://riz0004.wixsite.com/stockmarket-covid

PURPOSE:

The purpose of this article is to analyse, understand and compare, exactly how the Australian and US economy responded to the coronavirus, this is in terms of its economy, as well as look at the performance of its sharemarket throughout this period and the current situation they are in now. The main purpose of this is to clearly show the effects that a major pandemic has on the economy. The US is the country with the biggest economy in the world and also the most coronavirus cases, so it will be interesting to further see how different strategies were implemented by Trump’s USA in order to support businesses and individuals, as well as the effect on their sharemarket, and how this differs to the economy of Australia, one which is relatively smaller to the US and has not as many cases, and how we have implemented strategies to support businesses and indivduals throughout this tough time.

WHY IS THIS IMPORTANT TO KNOW:

As this is all related to a pandemic, it is very interesting to be able to basically see for ourselves how the economy performs in the such situations. It is also important and interesting to know how different countries around the world responded to the economic crisis and negative economic effects opposed by this outbreak. This allows a further look into macroeconomics with topics such as govenrment intervention and trading in play, and allows for a better understanding with a current example.

WHAT I HOPED TO ACHIEVE FROM THIS:

I mainly just hoped to learn for myselves while also creating a piece to inform others about the USA Coronavirus Pandemic response in contrast to the reponse from the Australian Government.

HOW THE PROCESS WENT / HOW IM FEELING ABOUT THE OUTCOME:

Overall, the process was fine, I spent the first week gathering alot of my research together and getting a proper understanding of the topic so I could write it, however, I did procrastinate a bit and ended up writing most of it on Tuesday, Wednesday and Thursday. In terms of the outcome, I feel like I could’ve included more graphs and visual aid to make it more simplistic to read for the user, as well as strucutring it differently, so conducting a thorough anaylsis on what a pandemic does the economy, what parts of the economy did coronavirus hurt, and then breaking that down in respect to the US’s reponse and Australia’s response and making a thorough comparision except of just comparing numbers with numbers basically.