So far, we have only looked at the monetary policy response and the fiscal policy response towards the COVID-19 pandemic.

So far, these policy responses are merely treating the symptoms of the ailing economy.

It is like the doctor who prescribes paracetamol for your fever and antihistamines for your running nose. The root cause of your illness, the flu virus is still causing you the illness. The medicines will temporarily help relief your symptoms and make you feel a little better.

In order to get better, you will need to abstain from working, rest more and drink plenty of fluids. That is key to help your body recuperate and your immune system to get rid of the virus in your body.

For part 3, let us look at our responses, mainly:

Government responsesOur collective responses as a societyOur investment portfolio Government Responses

A lot of the government responses