Do you want to improve your writing? Try our new evaluation service and get detailed feedback.
Check Your Text it's free

Economic impact of covid 19 The other side of the coin

Economic impact of covid 19 The other side of the coin 3agNw
We, the normal people, always think about one side of the coin; though there is always a back side of the coin. We all, now, meet the severe effect of Corona-virus-19 on our daily life. Everything is halted and most importantly our economy is dwindling. There, in this situation, may be a recession coming. This is one side of the coin what we are thinking now but there is, as I mentioned earlier, always a back side of the coin which I would call “Economic Mismatch”, my main concern of that article. Let’s examine the nuances between upcoming recession and Economic Mismatch. A recession is a situation where inflation-adjusted GDP declines and downturn of the economy is backed up by the weakness in industrial production, trade, capital flows, oil consumption and unemployment. And all of these macroeconomic indicators are influenced by economic shocks. The economic shocks may happen by the effect of Corona-virus-19. Because of Corona-virus-19, people are quarantined in their house and keep up “social distancing”. Social distancing affects economic activity such as tourism, retail trade, restaurants, office work etc. which involves physical interactions among people. As an evidence WTO said, “The dollar value of world merchandise exports fell by 3% to $18. 89 trillion”. Also there is a presage that the aggregate supply will precipitate, as the global supply chain is severely affected, consumption, backed by income will fall, hence aggregate demand(AD) will decrease, which further induces unemployment. In a nutshell, the economy will be foundered into a great recession. But what’s happening on the back side of the coin. As I have mentioned earlier, those economic activities are affected which involves physical interactions and those are unaffected which doesn’t require physical interactions. That is why the business of Netflix, Amazon, which doesn’t require physical involvements, is booming and that of restaurants, hotels, retailers and tourism are slumping. And this inequality causes “Economic mismatch”. An Economic mismatch occurs when one side of the economy is booming and the other side is slumping. Here the problem induced by Corona-virus-19 is not a general drop in Aggregate demand, rather It is a problem with Economic mismatch. Let’s see, for example, how market valuation of Netflix increases within March. As the evidence shows, there was a nadir in December 2018 with a market valuation of $107 billion, though in September 2019 It’s $115 billion, and surprisingly within March 2020 It went up to $162 billion. The fact illustrated above is backed up by “Social distancing”. The more people are quarantined, the higher the rate of time they spend on online. Hence, the revenue of these economic agents increased at a higher rate with Corona-virus-19 But the scenario, depicted above, is not plausible in our country, Bangladesh. The reason behind it is the users of these online economic agents. We, from the graph above, see that most of the users of Netflix are from Australia, UK, Brasil, Canada, Germany, France, Spain, Japan, Netherlands, Mexico and USA(which is not shown in graph). That means Netflix is often being used by the citizens of developed countries, where the effect of Economic mismatch is severe. As the users in Bangladesh are apparently low, the Economic mismatch may happen or may not happen. In a nutshell, we, in spite of apparent paradox, can say that the effect of Corona-virus-19 will cause a severe recession with Economic mismatch; which I mentioned as the back side of the coin. So what measures should a government take to encounter the Economic mismatch? Governments in many countries have taken fiscal measures to palliate the pandemic's economic impact. For example, the government in our country has already pledged to provide $90 million-6. 9% for apparel manufacturers. But such initiatives will not help address the problem of Economic mismatch. Indeed, the government, in order to take on the underlying problem and find a solution, should devise a schism of economic activity in two sides; one side which involves physical interactions and the other side which doesn’t involve physical interactions. After the schism, the government should finance the adjustments needed to get over the Economic mismatch and provide appropriate goods and services to support the people who involve in the physical interactions’s work, such as restaurants, hotel, tourism, retailers etc.
We, the normal
You use this word too often, consider replacing it with
people
, always
This phrase/word (depending on the context) can be potentially replaced with :
think
about one side of the coin; though there is always a
You use this word too often, consider replacing it with
back
side of the coin. We all,
This phrase/word (depending on the context) can be potentially replaced with :
now
,
This phrase/word (depending on the context) can be potentially replaced with :
meet
the severe
You use this word too often, consider replacing it with
effect
of Corona-virus-19 on our daily life. Everything
is halted
and most
importantly
our
You use this word too often, consider replacing it with
economy
is dwindling. There, in this situation, may be a
You use this word too often, consider replacing it with
recession
coming. This is one side of the coin what we are thinking
This phrase/word (depending on the context) can be potentially replaced with :
now
This phrase/word is too simple and can be replaced with:
but
there is, as I mentioned earlier, always a
You use this word too often, consider replacing it with
back
side of the coin which I would call
You use this word too often, consider replacing it with
“Economic
You use this word too often, consider replacing it with
Mismatch”
, my main concern of that article.
This phrase/word (depending on the context) can be potentially replaced with :
Let
’s examine the nuances between upcoming
You use this word too often, consider replacing it with
recession
and
You use this word too often, consider replacing it with
Economic
Mismatch.

A
You use this word too often, consider replacing it with
recession
is a situation where inflation-adjusted GDP declines and downturn of the
You use this word too often, consider replacing it with
economy
is backed
up by the weakness in industrial production, trade, capital flows, oil consumption and unemployment. And all of these macroeconomic indicators
are influenced
by
You use this word too often, consider replacing it with
economic
shocks.

The
You use this word too often, consider replacing it with
economic
shocks may happen by the
You use this word too often, consider replacing it with
effect
of Corona-virus-19.
This phrase/word is too simple and can be replaced with:
Because
of Corona-virus-19,
You use this word too often, consider replacing it with
people
are quarantined
in their
This phrase/word (depending on the context) can be potentially replaced with :
house
and
This phrase/word (depending on the context) can be potentially replaced with :
keep
up “social distancing”. Social distancing affects
You use this word too often, consider replacing it with
economic
activity such as tourism, retail trade, restaurants, office work etc. which
You use this word too often, consider replacing it with
involves
You use this word too often, consider replacing it with
physical
You use this word too often, consider replacing it with
interactions
among
You use this word too often, consider replacing it with
people
. As an evidence WTO said, “The dollar value of world merchandise exports fell by 3% to $18. 89 trillion”.
Did you forget a comma after a conjunctive/linking adverb?
Also
there is a presage that the aggregate supply will precipitate, as the global supply chain is
severely
This phrase/word (depending on the context) can be potentially replaced with :
affected
, consumption, backed by income will fall,
hence
aggregate demand(AD) will decrease, which
further
induces unemployment. In a nutshell, the
You use this word too often, consider replacing it with
economy
will
be foundered
into a great
You use this word too often, consider replacing it with
recession
.
This phrase/word is too simple and can be replaced with:
But
what’s happening on the
You use this word too often, consider replacing it with
back
side of the coin.

As I have mentioned earlier, those
You use this word too often, consider replacing it with
economic
activities are
This phrase/word (depending on the context) can be potentially replaced with :
affected
which
You use this word too often, consider replacing it with
involves
You use this word too often, consider replacing it with
physical
You use this word too often, consider replacing it with
interactions
and those
are unaffected
which doesn’t require
You use this word too often, consider replacing it with
physical
You use this word too often, consider replacing it with
interactions
.
That is
why the business of Netflix, Amazon, which doesn’t require
You use this word too often, consider replacing it with
physical
involvements, is booming and that of restaurants, hotels, retailers and tourism are slumping. And this inequality causes
You use this word too often, consider replacing it with
“Economic
You use this word too often, consider replacing it with
mismatch”
. An
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
occurs when one side of the
You use this word too often, consider replacing it with
economy
is booming and the other side is slumping. Here the
You use this word too often, consider replacing it with
problem
induced by Corona-virus-19 is not a general drop in Aggregate demand,
rather
It is a
You use this word too often, consider replacing it with
problem
with
You use this word too often, consider replacing it with
Economic
mismatch.

This phrase/word (depending on the context) can be potentially replaced with :
Let
’s
This phrase/word (depending on the context) can be potentially replaced with :
see
,
for example
, how market valuation of Netflix increases within March.

As the evidence
This phrase/word (depending on the context) can be potentially replaced with :
shows
, there was a nadir in December 2018 with a market valuation of $107 billion, though in September 2019 It’s $115 billion, and
surprisingly
within March 2020 It went up to $162 billion. The fact illustrated above
is backed
up by “Social distancing”. The more
You use this word too often, consider replacing it with
people
are quarantined
, the higher the rate of time they spend on online.
Hence
, the revenue of these
You use this word too often, consider replacing it with
economic
agents increased at a higher rate with Corona-virus-19
This phrase/word is too simple and can be replaced with:
But
the scenario, depicted above, is not plausible in our
You use this word too often, consider replacing it with
country
, Bangladesh. The reason behind it is the users of these online
You use this word too often, consider replacing it with
economic
agents.

We, from the graph above,
This phrase/word (depending on the context) can be potentially replaced with :
see
that most of the users of Netflix are from Australia, UK,
Possible spelling mistake found.
Brasil
, Canada, Germany, France, Spain, Japan, Netherlands, Mexico and USA(which is not shown in graph). That means Netflix is
This phrase/word is too simple and can be replaced with:
often
being
This phrase/word (depending on the context) can be potentially replaced with :
used
by the citizens of developed
You use this word too often, consider replacing it with
countries
, where the
You use this word too often, consider replacing it with
effect
of
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
is severe. As the users in Bangladesh are
apparently
low, the
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
may happen or may not happen.

In a nutshell, we,
This phrase/word is too simple and can be replaced with:
in spite of
apparent paradox, can say that the
You use this word too often, consider replacing it with
effect
of Corona-virus-19 will cause a severe
You use this word too often, consider replacing it with
recession
with
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
; which I mentioned as the
You use this word too often, consider replacing it with
back
side of the coin.

This phrase/word is too simple and can be replaced with:
So
what measures should a
You use this word too often, consider replacing it with
government
take to encounter the
You use this word too often, consider replacing it with
Economic
mismatch?

This phrase/word (depending on the context) can be potentially replaced with :
Governments
in
This phrase/word is too simple and can be replaced with:
many
You use this word too often, consider replacing it with
countries
have taken fiscal measures to palliate the pandemic's
You use this word too often, consider replacing it with
economic
impact.
For example
, the
You use this word too often, consider replacing it with
government
in our
You use this word too often, consider replacing it with
country
has already pledged to provide $90 million-6. 9% for apparel manufacturers.
This phrase/word is too simple and can be replaced with:
But
such initiatives will not
This phrase/word (depending on the context) can be potentially replaced with :
help
address the
You use this word too often, consider replacing it with
problem
of
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
.
Indeed
, the
You use this word too often, consider replacing it with
government
, in order to take on the underlying
You use this word too often, consider replacing it with
problem
and find a solution, should devise a schism of
You use this word too often, consider replacing it with
economic
activity in two
You use this word too often, consider replacing it with
sides
; one side which
You use this word too often, consider replacing it with
involves
You use this word too often, consider replacing it with
physical
You use this word too often, consider replacing it with
interactions
and the other side which doesn’t
You use this word too often, consider replacing it with
involve
You use this word too often, consider replacing it with
physical
You use this word too often, consider replacing it with
interactions
. After the schism, the
You use this word too often, consider replacing it with
government
should finance the adjustments needed to
This phrase/word (depending on the context) can be potentially replaced with :
get
over the
You use this word too often, consider replacing it with
Economic
You use this word too often, consider replacing it with
mismatch
and provide appropriate
This phrase/word (depending on the context) can be potentially replaced with :
goods
and services to support the
You use this word too often, consider replacing it with
people
who
You use this word too often, consider replacing it with
involve
in the
You use this word too often, consider replacing it with
physical
Did you mean "interaction’s" or "interactions’"?
interactions’s
work, such as restaurants, hotel, tourism, retailers etc.
What do you think?
  • This is funny writingFunny
  • I love this writingLove
  • This writing has blown my mindWow
  • It made me angryAngry
  • It made me sadSad

IELTS academic Economic impact of covid 19 The other side of the coin

Academic
  American English
10 paragraphs
707 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • ?
    Include an introduction and conclusion
  • ?
    Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • ?
    Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • ?
    Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
Recent posts





Get more results for topic:
  • Economic impact of covid 19 The other side of the coin