The world economy was recently affected by the outbreak of the COVID-19 (Corona virus) pandemic. Governments in most countries were forced to come up with appropriate support measures for industry in general, in order to minimize the impact of the resulting recession.

Analyse some of the major economic policy measures adopted by the government and the central bank in Mauritius, and discuss whether government should intervene to support private industry in such circumstances.

answer in bullet points [ 15 marks[