Topic: Covid-19 effect on your country's economy!!! - page 13. (Read 5265 times)

Almost all countries that introduced quarantine and were isolated from each other today have very bad consequences, which have badly damaged the economy. In my opinion, a large business does not have so many problems than a medium-sized business and a small entrepreneur, who was not able to repay debts for loans, pay rent and fulfill other conditions of his business, because there was a strict quarantine and no one worked. There is nothing to talk about ordinary people, because there are no words at all to express their discontent, because people are mired in debt, have no finances for basic things, and even for food, because the government introduced incorrect quarantine conditions.

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Instead, if people actually focus on using the forum as a honest place where you can learn, present your ideas, find someone to collaborate, offer your skills etc. then it can help you gain something. But keep in mind that it is first and foremost a place of interaction and learning. The potential income is temporary and one should not bank on it. Instead, learn and apply those things elsewhere. Good luck to you your fellas.

Brazil I heard has also been a disaster with another one of dump political heads trying to laugh off the virus and then exposing their people to all sort of problems.

Even with the differences that each country may have I think we are bound to see similar effects all over the world even if the magnitude of those effects is not the same, the most affected sector by far is the service sector of the economy, the tourism sector , restaurants, bars and other similar businesses are suffering the most as people have less money on hand and they are not as willing to spend it as before, however other sectors that are fundamental to the economy and our well being kept running even during the lockdown and they suffered less and are already recovering because the economy could not function without them.

Obviously that the world are experiencing a down in terms of their market and their country's economy and because of this their economic growth are kind of going down so fast due to that the business can't operate for some couple of months and that will be a huge impact to the economy of the one's country.

Yes the virus is making public life worse No one is doing anything to maintain social distance which is doubling the number of deaths and injuries There is no way to cure this virus unless we take precautions. The epidemic has hit the country's economy hard.

You are right. What I am afraid now is when the new normal still be like this which every people don't use social distance and don't clean their hands after touching something, that can lead to the new cases of Covid-19. I am seeing many people do that, and even some people don't wear a mask in the public area. That makes me worry about seeing what will happen later if they still do that because we don't want to see the increase of the Covid-19 patient.

Undoubtedly, the global economy is currently collapsing amid a pandemic. I think that some sectors of the economy will not be able to recover. For example, small private production. During the virus, entrepreneurs suffered heavy losses. No raw materials, no buyers, no workers. Many industries have closed and will not be able to recover. Traffic in the transport sector decreased, air traffic between countries was closed. Transport workers are forced to be out of work. The government provides subsidies for such purposes, but so far the main problem has not been resolved, the economy is in decline.

I live in a developing and populous country. A large portion of our country's population lives below the poverty line and the epidemic is out of control due to poor health care in the country. An important economic sector of our country is the readymade garment industry which has been severely damaged due to the coronavirus. One of the main sources of our overseas income is remittances, which have been greatly reduced due to the epidemic. Although the government of our country has now relaxed the restrictions to keep the economic wheel in motion, in most cases due to the decline in production and demand, people have become massively unemployed and small businesses are on the verge of collapse. I think the impact of the coronavirus will stay on our economy for years and it will be difficult to get out of it and achieve economic growth.

Not only that, COVID-19 pandemic also reveals thos corrupt politicians in the government right now. Some countries are very lucky that they recovered really fast and have only few cases right now. But in our country, day by day, confirmed cases is increasing and our government is very incompetent and keep blaming the people.

Hmmm I don’t think there is any difference. The same thing you’re going through in your country is likely what we are experiencing right now in my country. In every country there are people losing jobs, there are companies going out of business or losing money because of the pandemic, there are people who are hungry, and the economy is falling. It just goes on and it’s the same for every country, there is really no difference. And as for sectors that are being affected? That’s what I can’t tell.

But, if I should guess, maybe food industry is one of them, I think there might be some things lacking, since there are no means for importation. Other than keeping faith on God for possible betterment in coming days by having vaccines for corona, I guess we do not have any other option right now.

Covid-19 pandemic is a huge blow to our economy. All of us from different countries are affected, nothing exempted. In my own country the big effect of this pandemic is unemployment, some of other establishments are closed until now public utility vehicle are still not returning to their trip. Most of the drivers were hungry they even begging for alms on the street.The case continues to increase,but still people need to find income to survive that's why they need to go outside of their house to find money for their families.

IMO, this pandemic would have been avoided to enter in our country if travel ban were immediately carried out the moment the spread of pandemic arises, but of course the government will not do that because of tourism and whatever reason they have that will bring growth to our country, which in fact did the opposite.

Now, the government although doing or offering foods and assistance to poor and middle class families during the previous months, it is not enough for the whole month of consumption. Although some people are back to work, there are still many who can't go back to their works and don't have any other way to make a living. Hospitals seems to be a dangerous place for some people who needs medical assistance for other health problems and not because of the virus. There's still no fixed decision for this coming school year and yes, it is a big problem for some people most especially to those who don't have gadgets and internet access for the online classes they are proposing.

The economy is getting worse because of this pandemic but hopefully it will take longer. I just hope vaccine will be discover sooner so we can all go back to our normal life and for our economy to hopefully recover.

For some countries they are really flattening the curve, the thing is fighting the virus takes such a long time, you will need to go through couple of waves before really flattening it, so yeah i think its a slow pace but we are winning.
Economy of every country really are hit by the virus, specially the airline transportation, every airlines surely have lost millions of their money because of this pandemic and it will take some time before this sector opens.

I think that the transportation, trade and many other sectors are very affected by this pandemic and even when many people lose their jobs, it is also a sector that is severely affected because the difficulties continue to increase and maybe almost all sectors are affected and it cannot be inevitable. Concerns about the spread of the coronavirus outbreak will continue to increase every day if they are not aware of the importance of implementing life in the new normal era like this.

My country is really suffering on the effect of covid 19 people are dying ang the economy are slowly going down it has really a big effect not only in economy but also in a ways of living, people ways of living are now limited and we really need to obey for good.

It seems that there is no country that has not been disrupted by the economy due to the impact of the corona pandemic, but how prepared the country can handle the corona pandemic. such as developed countries, renewable technology might be able to handle it well like Japan, the state helps finance for its citizens to be able to buy necessities because of lockdown treatment that makes work activities looking for money not working.

in my country activities are reduced but do not do a lockdown. but limiting for those who are active is usually 5 days a week, then it can only be reduced by 2 days and alternating and remaining days from home Physical distancing protocols are very much implemented and transportation restrictions that can have only half the capacity can be used. for red scale pandemic areas all may only work from home only those related to public facilities may work, and assistance from the state is applied to those directly affected. but clearly the economy is disrupted and that is clearly inevitable.

the economy will run normally if there is a cure and a vaccine has been found and we don't know when it could be available. then you can imagine if people didn't work as long as this pandemic still existed. then the country will use foreign exchange reserves to help those affected and how much reserves can survive.

This covid19 has a huge impact on our country many people have lost their jobs and the rate of affected by this virus is increasing. People are suffering from a crisis that no one food to eat, even there is help from the government it is selected for those who can receive. Mostly actually lost even their business so hope this crisis will end and will be back to normal.

Entertainment industries are the most affected since public gathering is still prohibited, and a chain reaction results with many people getting lay off with their jobs and with this people unemployed, they will be dependent on the relief operations of the government. With relief operations, government spending will skyrocket and corrupt officials are going to be swarming this chaos trying to exploit what they can like flies in a dog shit. Businesses such as IT industry, delivery and courier services will be the most prosperous because they provide solutions to the most simple problems that we face during the pandemic.

In a democratic state where individuals liberties aren't easily subject to state control there is a constant battle of control on different levels. There is the battle between People and the Government. In a country like India or USA, an individual can go and file a petition against a government move in the highest courts of the land. There is a free media which has camps owing loyalty to different set of demographics. In two party systems like USA and UK, this can lead to severe divisions yet, the balance of power has the potential to be shifted. This keeps the politicians on their toes not too appear too dictatorial OR too weak. The constant ups and downs of politics thus serves to ensure that no matter what data-analysis and monitoring skills a govt deploys, the Individual will always have the power to bring a change.

On the other hand, in one-party dictatorships like China, there is no power struggle between people or between parties. The party is supreme and its authority over people is unquestioned. No free media means people can whimper and protest all they want but their voices will always be suppressed. When such a state has the kind of data on its citizens that China has, you are looking at a dystopia of consistent, state-controlled opinions, no outlet for dissent and an absolute choking of human's free-spirit.

The problem that we have now is that China now has the technological (stolen or bought from the west) and the financial muscle to extend this experiment to democratic state. They have already been doing it for a while but democracies are waking up to the threat. That is why, the recent marking of several Chinese organisation as diplomatic entities by US is a welcome step.

There is no aspect that is not affected in my country since the emergence of this pandemic. The school is in total lockdown and has grossly affected the educational sector. Transport restriction for both airlines and on the road has made a lot of people jobless. Eateries and cinemas, hotels, and hospitality centers are still counting their losses. The negative effect is extremely high