and with The ongoing pandemic of the economic consequences so serious that an immediate and strong policy action is called for. The situation is unique, with devastating effects, both in the region and globally: the stock markets are falling, unemployment is on the rise of global value chains are torn apart, and to increase the level of uncertainty. The international monetary fund (imf compare with the downturn in the industry, with the economic crisis of 2008, while in the case of the service sector is much larger. The crisis can be developed to the utmost that the world has experienced since the 1930s.
in Order to be able to get out of this economic meltdown will take the necessary actions in both the short-and long-term. Even if the effect of the current is concentrated to the sectors that are directly affected by the social aloofness of the transport, hotels and restaurants), over to the to the other sectors of the economy. That is why it is exemplary that a number of countries have adopted measures to sustain demand, as lower interest rates, and the willingness to take fiscal measures. However, such measures are insufficient to deal with the situation immediately, it can be described as a efterfrågekollaps. The announced rescue packages will not solve the problem.
These are, in many respects, the backbone of the american economy in 2015, there were more than 450,000 active enterprises with at least one member of staff. Of these, over its 280,000 self-employed persons, and more than 100,000 businesses with 1-5 employees. Together, they said, for less than the 600,000 employees, of whom almost 70 percent are to be found in the simple services and about 20 per cent, can be linked to a more knowledge-intensive activities.
these Measures are not sufficient to deal with the situation immediately, it can be described as a efterfrågekollaps. The announced rescue packages will not solve the problem.
In Sweden, the actions taken so far have been general, while the – as was recently recognised by the OECD in other countries to a much greater extent, directed their efforts toward smaller firms and certain industries. The house on Friday pledged a 125 billion, it is a step in the right direction, but primarily refers to export credit guarantees, and increase the business opportunities for the Global funds (eur 3 billion).
in the Short-term liquidity is a necessary condition, many of the smaller companies ' buffer is limited to only one or a couple of months of the year. The measures that the Riksbank and the Swedish financial supervisory authority has taken – extension of credit facilities to the banks at a total of approximately 1,400 billion dollars – is a good thing, but it is highly uncertain to what extent they will be young and small businesses. Similarly, few small businesses take advantage of the increased export. The government has also allowed for deferred taxes, and the taxes can be returned. This, however, is related to the time-consuming procedure, and a very high rate of interest. Added to this is the permitteringslöner, where the central government is responsible for about half the price.
to "earmark" the money is targeted at small businesses that, together with some of the industries are likely to suffer particularly hard-hit.
as Announced, the rescue package will not solve this problem.
the first is the central government's share of the permitteringsIönerna is considerably higher in, for example, in Norway, Denmark, and France. In some cases, the lönegarantier put in place (for example, Japan and Switzerland).
second, financial aid is more beneficial. In a number of countries, interest rates have been set to zero (often through government financial institutions), and the central banks have assigned the funds to be directed towards small businesses. A Moratorium on repayments of principal and payments of interest are occurring, but also to a temporary reduction in taxes and social security contributions, as well as to be completely exempt companies from income tax for a period of time. Similarly, government subsidies to enterprises have been used.
All of the measures will have fiscal implications but it also follows by the closure of businesses and rising unemployment. According to The cover, the support for the korttidspermitteringar, not the hundreds of thousands of self-employed workers who hire out themselves, they are, in other words, the system.
the State's share of the permitteringslöner will increase to at least 75 per cent.
• the interest Rate of an increase in short-term borrowings by small-and medium-sized businesses are set to zero.
for A moratorium to be placed on the principal payments, and interest rates in the 9 to 12 months of the year.
• a Temporary reduction in income taxes and social security contributions is made, the share of the employer contributions that are not tied to any social security funds can be taken away.
• the aid is given to the conduct of the business of, as far as possible, can be digitized.
To the Almis of the mandate will also include the investment in young and small companies, and not only to increased access to credit.
• the process of obtaining a loan/assistance to be shortened considerably, and are linked to corporate performance over the past few months, and that the funds be ring-fenced for small businesses.
the government of snabbutreder the possibility of social insurance for the employed with or without employees.
• the Fiscal stimulus in order to stimulate a broad-based upturn in demand should be co-ordinated within the EUROPEAN union. Such a policy does not contribute to any significant extent, in addition to the provision of liquidity.
• it should provide the possibility of long-term debt 10 to 30 years, which is government guaranteed, and have an interest, just above the rate of interest the government is paying, who can redeem the short-term, and more expensive, krislån. Other countries, such as germany, France, Italy, Israel, Japan and Switzerland are significantly more likely to issue a state guarantee. This would mean that the costs incurred during the period of the crisis can be turned into a limited cost and risk over the long term.
In the long-term funding should the initiative be able to play a role is that Swedish companies will enjoy the benefit of the Eu's support mechanisms.
But in a forward-looking work needs to be put in a time that the american economy is going to recover. Of 12-24 months, the budget is once again balanced, and to return to a normal state. An additional long-term measures, that is, as soon as the need is for the following reasons:
to Start a path of reform, which is similar to the Lindbeck commission, or of the globalisation council, conducted in the mid-1990's, respectively, finansmarknadskriserna.
• improve the conditions for innovative, entrepreneurial, and growing businesses.
With our proposals for economic policy measures to help companies in the short term and strengthen their prospects in the long term, as well as the limits of both the financial problems of significant social and economic costs.
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