Your team will consider the macroeconomic environment of the Pakistan and examine the impacts of its economic policies during the COVID-19 pandemic on the performance of business including but not limited to Starbucks. In your report, you also need to include some insights into the implications of the imposed policies by the Pakistan on the future economic conditions in that country. 2 Some Questions to Consider as you Approach Your Research

1. What was the state of the economy of the pakistan during 2020? What was the state of the economy before the pandemic? Collect time series data on nominal GDP, real GDP, per capita real GDP, unemployment rate, inflation rate, bank rates, supply of money, bond yields, exchange rate(s), and any other important macroeconomic data.

2. What kind of output gaps did the Pakistan face during 2020? Was it an inflationary or recessionary gap? How is it important for your analysis?

3. Does the central bank have a target for the inflation rate? If yes, what is the implication of the target for their economic policies?

4. Does the central bank have a target for the exchange rate? If yes, what is the implication of the target for their economic policies?

5. What kind of fiscal policies did the Pakistan follow in 2020? What tools did the government use to impose fiscal policies during 2020? And how was it important for the business? Explain in detail the programs that the government used during 2020 and the implications of the policies for the economic conditions of the time.

6. What kind of monetary policies did the Pakistan follow? What tools did central bank use to impose monetary policies? And how was it important for the business? Explain in detail the programs that the central bank used during 2020 and the implications of the policies for the economic conditions of the time.

7. Did the central bank use asset purchase programs? What is the implication of the programs on government debt?

8. What is the implication of the fiscal and monetary policies for future inflation?