Topic: Covid-19 effect on your country's economy!!! - page 16. (Read 5290 times)

The effect of covid-19 on Nigeria economy is so bad that millions of her citizens has lost hope in the present government, due to the level of insecurities, unemployment rate, hunger and corruption.
Some part of the country ''East region'' are agitating for their freedom, to have their own country called Biafra. Nigeria is a failed state, only God in heaven can save us from the debt that the present government has accumulated in the fight of covid-19 pandemic.

Please tell me that this is some sarcastic post and that you're just mocking what the government has taken as measures and they haven't actually done this!
The moment I read the first part with the heating I didn't know if it's a joke and a pretty good one or I should really start crying about what's happening there.
So again, please tell me it's not real!!!


I think we're in the same boat but things might not be that bad for our countries.
I might be wrong about yours (slim chances) but it also mostly rely on weekend tourists for city breaks and trips to the seaside with 90% of the visitors coming from within the EU, so you will not suffer that much as the countries that rely on total foreigners, like Thailand or Peru and might even grab some of those who are too scared to fly outside the continent.

I'm getting more and more optimistic by the day as around here things have really started to move again, although I'm not all that happy with it.
Again spending time in traffic, construction works on one side of the city are again rising dust till the city center on windy days, parks are full, and gone are the days when I could simply sleep with the windows open and not a car sound would disturb me, Plus, and this it's not something I enjoy saying, a lot of garbage on the streets after the weekends, really piling up in the city center and in parks.

It will all come down to what Germany will be doing.
We are so interconnected with them that we're going to share the fate as the 17th Bundesland.

In news government officials talk how my country is in very good shape, how they did all they could to help us all, and they will manage to get out from all this with money for everyone. They will help companies and people, they will do a lot of things. I think they will do a lot but for one reason, to stay where they are, to continue ruling!
On other side I read some bad things from independent medias, how the situation is totally opposite from what government officials are saying. Whom to trust?! I have luck that my job didn't suffer, I worked during pandemic, and I always have crypto on a side! I try to question everything I read and see, it's hard to read between the lines and to find what is the truth and what is a lie, we are constantly bombarded with so a good deal of different news, perspectives, observations. I would say it's a mess, and can't tell who is drinking and who is paying.

My currently rely mostly on crude oil. They sell crude oil to other developing countries. Since the beginning of this pandemic, there has been a fall in the price of crude oil in the world market and that has led to serious problem because the government here could not make money on crude oil like before. This has makes them to be imposing unnecessary tax on many commodities in order to complement the planned annual budget. The coronavirus has also affected importation into the countries making imported materials to be scarce and very expensive

The enemy of your enemy is your friend. But Pakistan's position in the dispute between India and China will benefit Pakistan by dividing India's concentration and slowing infrastructure development carried out by the Indian government around the conflict area. Why is this road considered a game-changer, because with the road infrastructure India will be increasingly able to mobilize its troops into conflict areas.

The tension between China and India is feared by Pakistan to attract Americans to get involved in it. The closeness between America and India is a loss for Pakistan. America has indeed begun to forge strategic relations with India for a long time to counter the strength of China in the future.

As a citizen of PH, I also feel that way. Our country is now in so much debt just to provide help to those who need it.

But acting Director-General Karl Kendrick Chua of National Economic Development Authority (NEDA) assures us, his fellow Filipino citizens, that the pandemic we are facing is just a temporary setback. Though it caused our GDP growth rate to shrank - 0.2% (also because of the Taal eruption, and the lockdown on some areas), he believes that  "our situation is better than others and we are more prepared to recover more quickly."

I'd like to believe him even though it's not what I really see and feel. Guess I just want to see the positive side on things despite all the negative that is happening.

Let's just hope that this will be over soon.

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https://business.inquirer.net/296899/neda-covid-19-crisis-a-temporary-setback-ph-economy-to-bounce-back/amp

A little addition and update.

Our Govt did not rake up its debt with direct cash transfers. Instead it has provided an option for interest-free, collateral-free, one year loans to small businesses. It is mostly a game of self-management and self-reliance for our people. For the poorest of the poor, they have simply went back to villages with the hopes of subsisting on their land and the village economy. We are yet to see any major unrest or clear affect of these job losses. Alternatively, the Govt has assured that a national job-guarantee program for the poor will continue to provide minimum 100 day wages to poor households.

On the war front, the Chinese bogey has made people forget their political bickering and unite in the face of an imperialistic China. The govt is taking measures to stop giving business to chinese companies while the people are trying to stop their reliance on chinese goods. Let us see how that pans out.

This epidemic is putting us in a very bad situation Everything has been off here for about four months now People are going through a lot of crises Poor people are suffering the most. They are not able to procure food for their families due to a lack of work Along with the country's economy the people of our country are living in a very bad way.

Here in the Philippines, the economy gets worse everyday due to this pandemic. In the span of 3 months, Philippines acquired a debt of 8.6 trillion pesos. A lot of people lost their jobs. Some local government units failed to address the issue and was not able to fulfill the needs of its citizens. So yea, the economy just gets worse everyday. Bad governance is also a factor for this.

Our lock down is also going to be some soft but its not good as peoples are not going with new rules about this Virus and we are touching very bad figures which are going to hurt very badly in near future even right now hospitals are full and not able have more patience but its worst situation just poor management and political pressure working for this all which is not good we need to be more stick with this all but peoples are not feeling good and suffering with this all.

Right now, most of the countries are already facing general community quarantine and this new normal allows people now to go back to their jobs and earn an income because the government itself cannot sustain anymore the basic needs of their people. But even if this new normal is already out, people should still take precautionary measures not to be infected by the virus.

Unfortunately, the pandemic process has affected my country economically very negatively. While the unemployment rate is increasing day by day, it continues to be affected economically in many businesses. The decreasing business volume, the contributions our government has not made and the credit debt imposed on the private sector will cause major economic problems in the coming years. I also think that some companies will go bankrupt in the coming years or until the end of this year, as many businesses suffer a lot in this pandemic process. It was very bad for our state and businesses to be caught unprepared. I believe that if a second wave occurs, our state will be caught unprepared and cannot contribute to businesses. I hope that all businesses can continue on their way with the least damage during this process.

So far it isn't that bad, or at least we still don't feel the crisis in full ranfege, but it will get worse
My country will feel all the bad consequences in the fall because our economy depends great deal on tourism and the season is going to be very bad.
At the moment government is trying to compesate losses to most affected businesses but they don't have unlimited funds either and many are expecting help.
As individuals we can't do much except try to take care on ourselves, try not to lose job and save as much as we can. Including in cryptocurrencies.

this is certainly a dilemma that occurs in developing countries, on the one hand the need to make ends meet as a necessity of life must be met. if it does not work, of course there will be no wages that will be used to buy necessities of life. but if it continues to work there will be a risk of transmission of the pandemic. which is feared in developing countries if they do a "lockdown" but the government is not sufficient with assistance. a new pandemic will emerge, which is hunger, but if it develops into riots it is more dangerous.

my country was greatly affected by the corona outbreak...
the hotel and tourism business was the most affected in my country, even my husband was temporarily stopped by the hotel where he worked to a limit that has not been determined by the hotel. this plague really caused big difficulties.

In my country all sectors are affected by this covid19 pandemic. Many people have no work because almost all companies either closed or lessen their employee. It's a very heartbreaking situation specially those belong to the poorest of the poor. There are lack of everything specially foods and other necessities. Government tried a lot to help the community but i think it will not last until the end of this virus because they can't sustain all the needs of the people everyday. That's why the government decide to open the market and other stablishment and limited transportation so that few people can go to work to supply their needs while pandemic continue spreading. It's really a difficult situation that we all need to survive no matter what will happen.

The authorities of my country told everyone to stay at home, but they did not support them financially. People either die of hunger or go to work, so everyone in the country works, find loopholes to justify going to work. This is sad because many continue to get sick.

Our health sector is really bad. Right from time the government wasn’t giving much attention to the health sector, the little attention they are giving to it now is because of the Coronavirus. I think it’s high time they get serious with this and build the health sector to a better standard.

Another sector that is really down is agriculture, and I’m hoping that they look into it. Why I am not happy about this one is because there are lots of things that we could have just produced on our own, but our government would choose to import them lol. I think the government should look into agriculture and as well support farmers. It will go a long way to help the country.

Seems like there is no solid plans and the economy are going down that even small online seller has to be taxed for the government to have funds. This pandemic gave negative impact on the economic status, we are now all suffering from the late actions to avoid the spread of virus. Hope that real vaccine for the virus come up and stop mass killing.

Covid19 pandemic caused a huge damage to the economic status of every affected country. In our country everything is too much affected,the tourism,agriculture,fisheries,and all business establishment.Almost all people lost their job and now is unemployed that brings their family living worst. And because of quarantine and lockdown there is no transportation,it's very difficult for every one to live on this kind of situation. I pray and hope that there will be a cure for this covid virus sooner. Hoping that all medicine experts collaborate it's other to find or create a medicine so that the pandemic will end and our lives will go back to normal.