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Policy Note Prioritising Village Fund Utilisation: Cash-for-Work to Prevent Covid-19
The Covid-19 pandemic has impacted on many sectors, from health to social and the economy, including employment. In the short term, one of the key indicators of its impact on health is the mortality rate of victims that had reached 8.9 per cent. In terms of the economy, the pandemic has caused a slump in domestic economic activity–posing the risk of a fall in society’s welfare. In the medium-term, it is projected that the economic growth rate will be in the range of -0.4 per cent to 2.3 per cent. This is a significant decrease compared with the growth rate in 2019 (5 per cent). The virus has taken its toll on many business sectors, causing employment terminations and falling employment recruitment. In the long term, this will widen the gap among income groups, increase disparity among regions and between cities and villages, and raise the unemployment rate.
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