“The COVID-19 Pandemic has spread rapidly across countries in the world. It has disrupted the lives and livelihoods of all communities and is causing major challenges to vulnerable people. It also has a far reaching and negative impact on the economy and the well-being of the population”

1- What are the real economic effects of the COVID-19 pandemic on the Saudi Arabian economy?
2- Are the economic effects temporary or persistent?
3- Does it have economic costs (i.e. lose jobs), or do policies that slow the spread of the pandemic also reduce its economic severity?
Use your own words to answer these questions be sure to support your statements with logic and arguments.

Please all answers must be well explained  and to be focused specifically on Saudi Arabia economy

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