The Covid-19 pandemic poses the biggest risk to domestic growth in most parts of the world. Several countries suffered worse economic crises. For example, Myanmar experienced a 60 percent currency dropped within four weeks as the economy tanks since early of this year. This is due to the country facing a military coup since February 2021, which has led to political instability and the second wave of coronavirus infections in the country. The World Bank predicted the economy would slump 18 percent, which lead to the employment contraction and an increase in the number of poor.

As an economist, analyze the fiscal and monetary policy tools that can be implemented to overcome the recession in Myanmar.