Most economy during this pandemic have been struggling hard to recover. Some economies have had different obstacles like red tape that threaten growth. Because of this pandemic different Government in different nation implement new regulations. With new regulations comes bigger bureaucracies. If these regulations get out of control then the economies suffer.
Since this pandemic started many unemployment has been hitting at a high rate. Different government regulations on this problems has a great impact. Different regulations may hinder the solution to this. It would cause more harm than good affecting mostly the economy. The lockdowns has also impacted the economy. Regulations on easing the lockdowns are also taken to consider. These is a burdens on the economy particularly on businesses. It create barriers to job growth and further hampers many fragile economies. If we want to overcome this crisis the Government should get serious on their response toward the virus and pandemic. They should review and polish different regulations being imposed. They should weigh the advantages and disadvantages. They should strengthen oversight and tackle different obstacles seriously.