Covid-19 effect on your country's economy!!!

Mauser

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Quote from: Woodie on July 01, 2021, 03:07:47 PM

Here the pandemic has really slowed things down, Politically the politicians in power are feeling the pressure as solutions are expected to come through from them, economically this part is slow to stagnant and technologically things to be improving in this area has this is the only space that has seen some positives.

But honestly I would really appreciate if this whole covid thing comes to an end because it has left a trail of destruction world over.

I am hoping also that this is the last year with covid, but the little realist in me knows that we will have to deal in 2022 again with corona. I read this week that the elderly generations already need to get a new corona vaccine this autumn because the immunity is short lived. This is very scary, because the economy is already hurting a lot through this last year. In my city, many small stores had to close down. Also the restaurants where hit pretty hard last year. In my city 3 decent restaurants I really liked all closed down, and instead we have now 3 new kebab shops. It feels like everything is about money now and who offers the cheapest things.

Woodie

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Here the pandemic has really slowed things down, Politically the politicians in power are feeling the pressure as solutions are expected to come through from them, economically this part is slow to stagnant and technologically things to be improving in this area has this is the only space that has seen some positives.

But honestly I would really appreciate if this whole covid thing comes to an end because it has left a trail of destruction world over.

Hamphser

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Quote from: bryant.coleman on July 01, 2021, 02:28:18 PM

Quote from: btc78 on June 22, 2021, 11:54:14 PM

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.

For those people who had been affected then its really sad to hear out but there are indeed people who do save up even more with this pandemic situation and they hadnt really affected much despite of the situation
because not all are really working physically into those traditional businesses or companies that we do saw and since we are on digital age where most people who had been working online or from home
wont really get affected much on the situation.

It would rather vary though on what industry they are belong on of said company because there are companies which are essentials or much really needed on this time and some wouldnt really care as long the operation would continue despite of the situation.

Economy had surely been affected with this pandemic situation but we are coping on it somehow for most countries in the world which is already considered great.

bryant.coleman

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Quote from: btc78 on June 22, 2021, 11:54:14 PM

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.

SacriFries11

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thousands have lost their jobs. Agriculture is very much affected especially the farmers and fishermen., businesses have been closed. the government borrowed money from different countries to be able to survive. the tourism sector is also affected due to closing of borders and travel requirements. but the government is doing its best to be able to survive and help its people to rise and hope that this pandemic will end soon. Hopefully.

btc78

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Quote from: Vishnu.Reang on June 22, 2021, 07:46:01 AM

Quote from: Iphomme on June 22, 2021, 06:38:50 AM

Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

Unfortunately there are a lot of people in this situation. I consider myself fortunate, because I am working in the IT sector and I am receiving regular salary every month although I am working from home. But I have heard about stories of hardship from those who are in the blue collar sector, such as factory workers. But the worst hit group are those who are employed in the unorganized sector, such as roadside vendors. These people are mostly without any work since 2020. And by now the savings have also vanished.

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Sithara007

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Quote from: S4VV4S on June 22, 2021, 01:52:20 PM

Yes, especially if it is a garment company that produces clothes and raw materials from China. I'm sure they're going through a loss phase. That's why some employees are laid off to maintain the continuity of the company. This is indeed a difficult situation, covid has taught how important it is to have savings.

Staff employed at factories and other manufacturing units can't work from home. And especially in the textile sector, many of the factories operate with such thin margins, and any slump in revenues will push them to loss. So it makes sense to lay off a portion of the work force. The choice is between closing down the factory altogether and laying off a part of the employees. Such manufacturing units may struggle to get any sort of relief funds or compensation from the governments, because at the time of the pandemic the governments in third world nations are mostly focusing on individuals rather than the businesses.

S4VV4S

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Quote from: judaspriest on June 22, 2021, 11:50:10 AM

Quote from: barabarian1 on June 22, 2021, 11:06:19 AM

Quote from: jossiel on June 21, 2021, 05:35:28 PM

Quote from: barabarian1 on June 21, 2021, 05:33:19 PM

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

I agree with you and I'm sure the boss must have considered carefully and had reasons before reducing some employees,
especially in the current conditions almost all entrepreneurs are trying to make their business survive,
Of course it's not easy to get past that

Yes, especially if it is a garment company that produces clothes and raw materials from China. I'm sure they're going through a loss phase. That's why some employees are laid off to maintain the continuity of the company. This is indeed a difficult situation, covid has taught how important it is to have savings.

judaspriest

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Quote from: barabarian1 on June 22, 2021, 11:06:19 AM

Quote from: jossiel on June 21, 2021, 05:35:28 PM

Quote from: barabarian1 on June 21, 2021, 05:33:19 PM

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

I agree with you and I'm sure the boss must have considered carefully and had reasons before reducing some employees,
especially in the current conditions almost all entrepreneurs are trying to make their business survive,
Of course it's not easy to get past that

flyer88

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Quote from: barabarian1 on June 22, 2021, 11:06:19 AM

Quote from: jossiel on June 21, 2021, 05:35:28 PM

Quote from: barabarian1 on June 21, 2021, 05:33:19 PM

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

Well I agree with you. Not all bosses just play as they please, because even large companies are also regulated by the labor service where there is already a law that regulates it. Many of them are still employing their employees. Only limit the number with the difference in working hours. If the work can be done at home, it must be done at home, those who have to go to their office must have prepared a room with a bordered wall.

barabarian1

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Quote from: jossiel on June 21, 2021, 05:35:28 PM

Quote from: barabarian1 on June 21, 2021, 05:33:19 PM

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

Vishnu.Reang

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Quote from: Iphomme on June 22, 2021, 06:38:50 AM

Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

Unfortunately there are a lot of people in this situation. I consider myself fortunate, because I am working in the IT sector and I am receiving regular salary every month although I am working from home. But I have heard about stories of hardship from those who are in the blue collar sector, such as factory workers. But the worst hit group are those who are employed in the unorganized sector, such as roadside vendors. These people are mostly without any work since 2020. And by now the savings have also vanished.

Iphomme

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Quote from: killerfrost on June 11, 2021, 10:36:35 PM

Until now, judging from the whole, I think the economic sector is not fully normal.
of course it can't be separated from this pandemic and we don't know when this will end,
but for now I feel better than at the beginning of the pandemic
[/quote]

Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

jossiel

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Quote from: barabarian1 on June 21, 2021, 05:33:19 PM

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

barabarian1

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Activity: 938

Merit: 250

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

Botnake

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Quote from: flyer88 on June 21, 2021, 05:04:23 PM

Quote from: conected on June 12, 2021, 12:14:20 PM

Quote from: killerfrost on June 11, 2021, 10:36:35 PM

I'm feeling the effects it's having on my life very well, all businesses have been down for almost a year now, and I still haven't seen the positive things that can change everything. But anyway, I still feel very fortunate to live in a country with a very high sense of disease prevention.

- Right now, Covid is steadily increasing more than the value of bitcoin every day, I don't feel too much safety around densely populated areas when contacting or stepping out of the house, sometimes there is not too much mood for business when customers keep canceling contracts, cooperative companies begin to dissolve. Being positive in business is no longer in my mind, society is the first thing that needs positive things, they create assets, without them, business would not be better

the same i feel like you. It's never comfortable being outside with a lot of people. Covid has spread everywhere, even more tragically, there are still many people who don't believe it and don't adhere to health protocols properly. Especially in my country, small communities are greatly affected. If the government has the right solution , I think the small traders who require them to keep working will be compliant if this solution is right for their survival . Unfortunately so far they have been forced to stay outside because the government solution does not exist for them.

Get vaccinated and your family so you'll be able to roam outside without thinking about the danger to your health. The solution of the government is the vaccine, if you are not going to take it, then you'll continue to be part of the problem. In small countries, the release of vaccines is not that fast compared to the big countries, but at least there's a vaccine, slowly but surely, everyone can have theirs.

flyer88

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Quote from: conected on June 12, 2021, 12:14:20 PM

Quote from: killerfrost on June 11, 2021, 10:36:35 PM

I'm feeling the effects it's having on my life very well, all businesses have been down for almost a year now, and I still haven't seen the positive things that can change everything. But anyway, I still feel very fortunate to live in a country with a very high sense of disease prevention.

- Right now, Covid is steadily increasing more than the value of bitcoin every day, I don't feel too much safety around densely populated areas when contacting or stepping out of the house, sometimes there is not too much mood for business when customers keep canceling contracts, cooperative companies begin to dissolve. Being positive in business is no longer in my mind, society is the first thing that needs positive things, they create assets, without them, business would not be better

the same i feel like you. It's never comfortable being outside with a lot of people. Covid has spread everywhere, even more tragically, there are still many people who don't believe it and don't adhere to health protocols properly. Especially in my country, small communities are greatly affected. If the government has the right solution , I think the small traders who require them to keep working will be compliant if this solution is right for their survival . Unfortunately so far they have been forced to stay outside because the government solution does not exist for them.

bakasabo

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Speaking about employees. There is a tricky situation. A friend of mine is having a clothes shop. He is about to open his shop again, but he can not find anyone to work in it. He is even ready to increase salary. But nobody wants to work. Usually people that came from other cities and rent flats work in such area. But now, due to covid and closed shops, they went back to their town (because they cant pay rent) and dont want to return. They prefer to stay home and receive allowance, (which is if I'm not mistaken 65% or they average 6 months salary) instead of returning, finding a place to rent and earn...

bryant.coleman

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Quote from: bakasabo on June 18, 2021, 02:55:08 AM

Our employees are offered all the safety measures at the office, but they prefer moderate and calm work from home, over the work from office. They had sales plans, to make, they did not do them completely, they were warned about it, yet still they prefer to work from home, because "they thought that still few customers will visit the office". Btw, their salary depends from number of sales. They prefer to earn less, but work from home, over working from the office and earn more. Strange people.

My cousin works in IT. He works from home, but desires to get back to office. Because while working from he doesnt have standardized working day. His work does not end at 18:00. And he does earn hourly, but in county we have fixed monthly salaries.

It is never 100% safe, no matter whatever safety measures are being put in place. Even those who have received two doses of the vaccines are not 100% safe from the virus, especially with so many new strains emerging. And regarding the argument that employees prefer to earn less, while working from home, it is perfectly understandable. After all, you can earn only if you are alive. And the argument from the part of employees is true as well. Economy hasn't yet recovered completely. So even if you go to the office, there will be less number of sales.

bakasabo

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Quote from: Sithara007 on June 17, 2021, 11:52:11 PM

Obviously for sectors such as sales, working from home is not practical. In such cases, I am not going to oppose the employees going to their work locations, in case it is deemed to be safe. However, for the IT employees, I don't think that going to the office should be made mandatory anytime soon. And now coming to your concern of employees misusing the provision, it is up to the management to take the necessary steps. If the work is not completed in time, then eventually these employees will be fired, or at least given a warning. But that should not be used to tarnish other employees, who are really working hard in these difficult times.

Our employees are offered all the safety measures at the office, but they prefer moderate and calm work from home, over the work from office. They had sales plans, to make, they did not do them completely, they were warned about it, yet still they prefer to work from home, because "they thought that still few customers will visit the office". Btw, their salary depends from number of sales. They prefer to earn less, but work from home, over working from the office and earn more. Strange people.

My cousin works in IT. He works from home, but desires to get back to office. Because while working from he doesnt have standardized working day. His work does not end at 18:00. And he does earn hourly, but in county we have fixed monthly salaries.

Topic: Covid-19 effect on your country's economy!!! (Read 5265 times)