Topic: Covid-19 effect on your country's economy!!! - page 12. (Read 5290 times)

That is just the worst right now.

The economy is crumbling down because of the works being shut down. People can't really do anything about it since it is also for their safety. Some can provide for themselves, most can't. That is why the government stepped up for that but still, it is not enough. Right now, economies are slowly healing but still, the cases are still increasing. If we will not be risking ourselves to go to work, we can't provide for our family so we really need to gamble for it. It is also a way to help the country so its two birds in one stone.

Not in many countries but all of the countries are heavily affected by this pandemic especially US, Brazil, Russia and some European Countries. I don't consider it a curse though

Our economy so far is slowly recovering. Establishments are slowly opening with some guidelines that are being imposed. Fastfoods are limited to one person per table and they are observing social distancing. Same with the offices in the company. Some of them are just working 3x a week just to maintain the social distancing.

Those who doesn't have funds pre pandemic and the micro, small and medium enterprise owners are the ones who are heavily affected by this pandemic as they don't have any funds or anything that they can use to survive. Its good that our government is giving aids and loans to these people. Some transportation owners are back to work right now but still there are some drivers who can't continue to their business.

The cases here in our country is increasing and it has doubled when the lockdown has been loosen a bit. They are not that strict right now that is why the cases went up that much.

The situation has been really bad and those people that are living in poverty are the ones that are mostly being affected by the pandemic. And with the looming recession? Damn, there’s going to be an increase in the poverty rate in so many countries, especially in developing countries, because they’re the ones that are being hit hard by the pandemic. And like that is not enough, health care is a high cost, that’s one of the reasons the poor are going to hardly survive this situation.

Some of them will not afford to go to the hospital for a proper check-up, only the rich can afford that. So if the rich that can afford proper health care are still dying, then how will the poor that can’t afford it be able to survive?

It has been almost two weeks since the economy in my country reopened even though the number of sufferers is still high at around 1,300 people per day. Offices have also begun to reopen, July is a new school year. According to my wife, many parents of students who find it difficult to pay the re-registration fee, many are victims of layoffs even the most affected are the middle and upper-middle class. Salary deductions make them have to adjust budged expenses, especially if the largest amount has to be posted to pay installments on a house or vehicle.

One of the medium banks in my country has reportedly experienced liquidity problems because customers are required to inform two days before withdrawing funds above USD 750. If in 34 months the pandemic can shake up small banks, there are fears that the pandemic and lockdown will continue a long time it will spread to other banks and are systemic.

What is clear is that businesses that weaken and die are small and medium businesses that are conventional in nature and do not use technology as a buffer for their business. The small and medium business sector integrated with technology has increased its profits. I had time to think about whether people really experience economic problems if they can still buy tertiary needs. Or many people who only rely on savings or they are really experiencing stress with lockdown so looking for diversion by shopping.

I feel sorry to hear that. The government needs to do something to urge people to stay at home instead of wandering around cause it can make more people infected. My country is doing really great with the lockdown since people put their fate on the government and they do listen to what the gov says. The result is we successfully push this pandemic out of our country. The next wave of the disease might come in the next few months but my country has had experienced from the previous fight and I believe that we wont lose

Every country has their own ways to say that their government are making wring decisions right and there. Here in our country, a school predicted that the victims might increase at 40K at the start of July, and right now they proven it wrong and they are so happy like the pandemic ended looking at it as a challenge while cases are still increasing everyday.

The thing here is that we are fine with what happened. The prediction didn't happened but the fact that they took that prediction seriously while cases are still increasing and might hit 40k this month is just infuriating.

My country India , has now became  country with 4th biggest covid outbreak. According to IMF Indian Economy is shrinked tp 4.5% after lockdown started.
Earlier the Growth rate was 4.2% in 2019 and now it has become -6.4% less than IMF prediction of April.
Till date more than 19000 cases are increasing everyday in india and more than 54% private businesses have been shut downed.
Things are gettingh worst day by day !

I talk for my own country.
. This current disease outbreak affect the country in all sector, both economic and otherwise.
- inflation is not exception
- the non functioning of transport system as a result brought allot down fall in the market sector
- corruption as well set as many try to survive
-* the school tend to be more at a disrupted state, no little improvement on that and no way forward for the moment.
- Government on their path trying very hard to make end meet for the masses.
- Masses getting into violence against each other in competition for survival

While true this can have devastating effects on the economy, as you say most services that have to deal with purchases online are going through a boom and while this is good for them many brick and mortar business are suffering and it is precisely on those businesses where most of the jobs are generated, this means that if this does not change we are bound to see mass unemployment during the next years and this could create social instability which is never good for a country.

As far as I am concerned, and have already witnessed this past months of the covid-19 pandemic, there is really a great impact on the economic state of the country which I do belong and what I can say is that the effect is negative into which there is a certain declination on the economic state of my country for the fact that we have undergone a community quarantine which brings people to just stay at their homes so business establishments are close and works have been postponed which results to the stopping of the goods and services production.

This pandemic makes the poor become poorer that is really awful but still a big thanks for the government for doing actions to help those people out to survive even at this pandemic. But still I cannot deny the fact that this pandemic brings out the negativities even more because of its strong impact on my country's economic state.

the existence of the covid 19 pandemic is indeed very disturbing, because obviously the first country did not understand what covid 19 was and was shocked because of its rapid impact of transmission from the sick to the healthy. even what is feared is that sick people without symptoms that clearly can cause new outbreaks, because they do not feel sick and indulge as usual and in fact it transmits to most other people.

because a pandemic is contagious very quickly, the first thing to prepare is for the hospital to accommodate the sick. not yet with medical devices must be prepared because of changes in the handling of sick people who need quite a lot of medical devices that suddenly go up without being able to be regulated by the state and have an impact on expensive costs.
not yet with the impact of rules must stay at home for a while for those who have no connection with public activities, resulting in many new unemployed who cannot meet the needs of daily life and must be helped.

The state must spend funds for these needs and forced foreign exchange reserves need to be issued and it is clear that this will interfere with what has been budgeted to change in order to be able to finance the handling of covid 19.
with a period of three months from the first time there was covid 19, not a few funds were spent, if it continues to be prolonged it is certain that the state will be forced to issue bonds so that the government can continue to run normally.

I am living a third world country and here everything is costly to us still. We are facing a serious problem. But who cares? We must need to cope up with the system we made. So we are trying in this pandemic also.

The sector that is collapsing is the health sector, many hospitals are operating at maximum capacity, few doctors have time to rest and they all work under stress.
The government does not care for these doctors, nor does it allow them to take extra breaks and force them to continue working.
The rules imposed on the movement make the affected tourism sector number two and re-open the economy.

The aviation sector, tourism and entertainment, it is the sectors that have suffered due to the pandemic, many people have lost their jobs and many still need help.
Hotels and restaurants have lost many of the pioneers, and most of them work with very low energy, and everyone is afraid of returning to life and gatherings that may lead to the lives of millions soon.
The situation is intolerable and all options may lead to a lot of losses. I do not know how we will control the situation.

Here in India also the situation is the same. Two weeks back, we were having on average 6,000-7,000 infections per day. But yesterday there were more than 20,000 cases. One positive is that almost 80% of the cases are concentrated in 4-5 major cities. Outside these cities, the number of cases are low. But even in the remaining areas, we are now witnessing a rise in the number of new infections.

Economy is in deathbed now. Indian population comprises of a large section of daily-wage earners. These people are without job now, and they are surviving solely on savings. There will be a lot of suffering, if it continues for another 2-3 months.

We all know the problem but I don't think investing in bitcoin would be the best solution.

What would save people from suffering financially is for them to receive a regular income like a salary or having a business, investing in bitcoin does not provide the aforementioned, and in fact it's so risky that investors could also lose their money, let's go back in 2017 where there's a FOMO, some people made money while some people also lose money, so the solution is not investing in bitcoin.Maybe finding a job online would help but the competition is also higher as this problem is felt world wide, unemployment is increasing hence the demand for jobs are big while unfortunately there are only few job offerings.

Let's bear with the government as they are finding solution, find ways to survive and most importantly learn how to save as we never know when this pandemic will end.

The number of infections and deaths is increasing every day Many cities have been damaged But this time we don't have to think negatively Bitcoin will help us in many ways to overcome this problem. If we all start investing in bitcoin and advise others to use it they will be able to overcome the epidemic like Covid-19 very easily You have to work with faith before every work.

Could some one give prediction when covid 19 is over because my country got new victim everyday more than one thousand people above, I think my government look no serious how care with covid 19 virus and very disappointed when other country have success stop covid 19 but my country keep continue going with announcement new victim every day.

Covid-19 badly effects economies of country including developed countries like China and America. Here in my country covid-19 effects all type of businesses and due to lockdown business community faced a big loss.

For the first time in 68 years, Pakistan’s economy is set to contract in the outgoing fiscal year with a negative 0.38 per cent due to the adverse impact of the coronavirus pandemic coupled with the already weak financial situation before the pandemic hit the country, according to the economic survey unveiled on Thursday.

https://www.google.com/amp/s/www.livemint.com/news/world/covid-19-impact-pakistan-s-economy-contracts-for-first-time-in-68-years/amp-11591901729713.html

I like to remember the fact that in a crisis money doesn't disappear, it's not burned (most of the time).
but the cards get scrambled again and redistributed.
money changes hands.

here in Brazil we're seeing a big increase on ecommerce sales and infoproducts.

I don't have the data regarding local commerces but for sure restaurants took a hit and are selling less and only delivery/take away.

general unemployment rates are also raising, of course.