As the pandemic led to the downfall of various economies, the International Monetary Fund (IMF) sees this effect in a different way. Change in fiscal policy and government spending would help in keeping markets afloat during these tough times. However, there have been massive deaths due to coronavirus, but strong measures towards healthcare will increase the confidence among people and diminish this effect. Although demand and supply have been disturbed, an increase in employment rates will increase the growth. Low-interest rates and grants acted as a helping hand and maintain cash flow in the economy. However, some commodities too expensive, and others had a significant drop in prices.
In conclusion, I would say that different economies are following various strategic approaches according to the situation, economy, population, etc. The vaccine is very crucial as it will solve the major problem and bring back macroeconomy to normal. Many unemployed people are getting paychecks and stimulus payments in addition to that. One a[approach is to support small and medium businesses that do not have enough cash reserves so they can sustain in the market.