Topic: Covid-19 effect on your country's economy!!! - page 17. (Read 5265 times)

Coronavirus is a dangerous virus that has already spread its harmful effects all over the world. Due to this, our country is in an economic crisis. There are many obstacles to fix the economic system of the country. In order to completely fix this economic crisis, the whole world must stand by the troubled country.

I came from the same country and there is no doubt that we are fucked up in here. The shadiness from financial is extreme, we have a debt over trillion peso, 200+ billion funds for the pandemic yet I still don't get the government cash assistance I signed up last March. They are reopening the economy, at least half of it, they opened the jobs for people but they did not let the public transportation do their job to fetch this workers, so what they are going to do? walk a 20 kilometer highway ? lol

But the president seems to be doubtful also of his own government, imagine he released the funds to LGU yet we receive less, soooooo frustrating 

I can only say that I am from a country that is mostly oriented towards tourism and which is therefore very hard hit by this pandemic. I do not mean only hotels and private renters of accommodation, but also all those who participate in tourism with the production of food, beverages and various other services. Although the situation in my country is very good (less than 10 infected), and tourists have started coming, it is estimated that about 30% of income will be realized compared to last year.

All this will result in the inevitable increase in prices in a few months when the debts start to come due and the state treasury is half empty. Although some may think that the worst is over, we are in a situation where we can expect a tsunami after a major earthquake, because everything will eventually break over the backs of ordinary people.

I just hope that Bitcoin will help me to endure this crisis until some better days, and I hope that this will be the case with all those who have been investing in Bitcoin in one way or another for years. People are extremely resilient and resourceful when it's hardest, I have no doubt it will be the same this time.

Our government's trying the best to help all of the affected areas in our country. Our economy has been down, businesses were closed for how many months, budget was distributed to help those who were in need. Frankly, I can see how president is exerting effort to help our country in this times of pandemic.
 
 We currently slowly returning to the usual, merchandises are opening up but with regulations for the control of the spread of this virus. Hope this will end soon so we can totally go back to normal and our economy will recover too

no single country arent excluded on this but even the smallest one do still have a positive case  . we must not worry bout the celebrities life because they already saved alot before the covid happens but you must concern more of the poor families   . these are the ones that dont have savings and now thier jobs were affected , how can now they find money to buy food  ? we all experience a same effect but here on our place , people that have something are helping the poorest among poor   . its nice to see this kind humanity , hope this also exist on other places

In my country, the Govt was busy patting its own back for having put a lockdown in very early days. Our demagogue of a leader was having a gala time addressing the nation in this momentous time and he used every occasion to "cement" his place in history by giving all sort of advice to people in the name of getting together.

Step 1:He told us to light earthen lamps and bulbs. The govt sympathizers circulated that it is our great man's plan to kill Corona by raising the temperature. Apparently, it did not work.

Step 2: Then he said we all should come out of our balconies and make noises using cymbals and plates and drums. The propaganda machinery said that the corona virus cannot survive the sound of the holy conches used in our temples. So on that fateful morning, a lot of my fellow countrymen blew their conches with the full capacity of their lungs. A lot of fuckers thought that taking processions in the street and dancing would be fine too. I guess y'all know we Indians love a good mixture of sound and dance. So yeah, we celebrated. Later on we found that corona does not die by these holy sounds.

Step 3: We were all told to install an app. This was the grand plan. Apparently, the marker on this Govt app will always show you "safe", no matter where you are. Its a great psychological boost.

After all this, around 40 days had passed. The cases were still rising. Everyone was talking corona, corona, corona. District administration came b arguing with ambulances and vehicles if even one suspect was found. Videos were circulated. It was all a few days of great energy. Suddenly, all the poor industrial workers who had lost jobs had no more money and they did not want to survive on govt meals everyday. So, They did what the poor people of my country do best. Took their destiny in their own hands and started walking. And boy, did they walk. There are cases where people walked 100s of kilometers to reach their villages in the hinterlands. Lot of people lost lives. Media was not interested because it looks bad for our Pied Piper of a leader. This was called India's Migrant crisis and many compare it with the "Migrant Mother" scenario of US in the 30s after the Dust bowl incident and great depression. Many a heartbreaking stories remain to come out.

Economically, we have suffered a lot. People have lost jobs. Our governments have always been like this. Leaving people to die. Yet, we are a fucking hardy lot. and there is bloody 1.3 billion of us. Lot of scope for corona. By some miracle of one amongst our millions of gods, somehow the death numbers are still low. The predictions say that we will peak in August. (some say November). People have now started coming out in the streets. We no longer hug or get close. We all wear masks and try to keep our distance while praying that nobody brings corona around our locality. In the most weird of ways, we are surviving as another new front opens up. This time, Its the fucking Chinese with their cold, calculated move to lighten up the borders at a time when their is so much uncertainty. There have been no shots fired but just today, multiple casualties out of violent physical clashes. Yet, this is not 1962 and India is much better prepared. China is too strong economically and militarily but India has never been one to back off from war.

So yeah, that is that. Its all wide open.

Sorry, if this post talked little about economy. We have a public pandemic and a potential war at hands. Pakistan is sitting on the western border probably hoping for another of its hyena attacks now that the tiger is distracted by the dragon. Yet, I can say that this is all good news for the economy. We shall overcome.

Of course COVID19 affected my country's economy, many companies fired their employees. Even celebrities are affected. their savings
are running out. Some rich people also sell their assets, because they have debts to banks. Poor people struggle get food, because they
can't make money. Many medical personnel have died, because they are on the front lines. What a big disaster, which has made many
people die. I hope the vaccine will be found soon, so this COVID19 pandemic can end.

There's a big effect, especially on the entertainment sector like movie industry and sports since they are not allowed to resume its operation yet.
As of now, sectors  allowed to resume fully are those who provide essential services to the people and that would mean other sector will suffer.
Transportation sector now are also struggling due to social distancing and they can't get their usual number of passengers, hence it will result to smaller profit or even a loss in operation. I don't know when this pandemic will be over and since no vaccine yet, I'm hoping our country will find a way to as a protocol to lower the risk of virus spread while the economy will continue to recover.

I disagree with the words that I shaded above.
First, that isn't our government fault that we are owing to debt, nobody's like this situation and this is a global problem that might they are also experienced from the inflation recession. That there are small merchants on business sectors that now resume again and hoping they will generate profit amid the covid19 pandemic situation.

Yes, it is very risky that the transmission of the virus will rapidly increase. But when we're continuing the businesses to operate?
Waiting for the vaccines when it is released? What if it takes years before it will discover, how can we survive from the comic crisis?

Transmission of the virus might be under control by following new guidelines and new normal policies.

All of us are affected by this pandemic, this Covid-19 really bring recession because of the businesses that are not allowed to operate due to the risk of getting the disease. We all know that if people can't go to work, they will have no budget to survive this quarantine. Huge taxes are waiting for the people to be paid by them, it is the government's fault if we have a huge debt on the World Bank. This GCQ somehow help our country's economy because it allows some small and huge businesses to operate even though there is a risk of Covid-19 outside. By this, we can somehow recover from economic crisis but the transmission of virus probably increase. So, this GCQ is not the best option to do to recover economically.

This pandemic is the baddest crisis we ever had in our generation,affecting 98% of the world with Virus that ha no vaccine.
there are many countries that drops more than half of their economy because of no readiness in this kind of infection and we can't blame them.

i hope that one day everything will come to normal and world will be healed and the people will not suffer with this same case.

Business sector maybe?

In my own community 30% of the former business are now remains close as the owner lose capital during the almost 3 months of quarantine,because many of them are just borrowed from the banks and loan sharks.

Corruption, widespread unemployment and lack of solid plans to jumpstart the economy. The government's debt rose to $175 billion dollars and not much of that money ever came into good use aside from the inconsistent and rather shady financial assistance. Online sellers of the smallest scale are also being considered to be taxed just to get some funds going on, but many people surely hate that idea. The government is also trying funky ways to get some.money, but the citizens are having none of it.

Greetings from the Philippines. A country of fucked-up politicians and clowns.

Frankly, it was intentional, IMO. The executive department had ordered it as urgent. Hence, putting the bigger issues aside. Am not sure why the president came up with that idea, 'cause from what is obvious, there were countless of expression of dissents happening around in social media, and numerous protest in some places. But there's nothing much happening about terrorism right now, for him to order the bill as urgent.

Anyway, much has been said by this guy. And from what I see, looks like we're still going to suffer from various instances our government decide to put an action on; to economic recession as mentioned (well, there's no exception, either way)up to risk on health matters. Quite lucky somehow, that there were LGUs from several cities who perform very well on fighting against the pandemic, for not being additonal burden our country currently facing.

The small businesses all over are suffering from the effect. Many owners of such small businesses have relieved workers of engagement and yet owing them salary that was worked for. They are giving excuses of no sales from production made already even before lockdown. The government has a role to play on helping people in their community.

Well, my country was never really doing great so it didn't suddenly became a bad country, we were economically screwed to begin with and it just became even worse but at the same time the companies that were at the blink of bankruptcy and didn't paid their workers the right amount and abused worker laws etc etc all went under and bought by other people who were richer so there was a silver lining in the end.

If you are a company that ran away from paying taxes by showing excessive costs and no profits, government usually didn't do anything about it because there was tax coming in, with this pandemic government asked everyone to pay up and they had to pay not only the taxes but also the penalty for trying to screw the government for it as well. So there were some good things while the economy is going down the drain.

Our country is highly affected by COVID-19. Thousands of people have already affected and death rate are increasing increasingly. The economy of our country has badly affected. Thousands of people have lost their jobs. Banks are decreasing the salary. After all the country is in the face of a great challenge.

Everywhere in the world are effected with this disease and no economy has a chance to escape from it. The result have shown that many businesses have to shut down their jobs and many people have been pushed to unemployed. It has been a nightmare to everyone. My country is also suffered a huge loss

However, as the quarantine was annouced, many places have push away this pandemic and return to their job. Everything is not the same but we can look foward for a btter future. Telecompanies are the first one who suceed in maintaining thier job not for their own employees but also other parts of the world. They have connected people from places to places and bring more chances for other to work together during this pandemic

The world may not be the same. But as we are human, i do believe we will figure out ways to deal with this corruption. After every recession, the world always become a better place, right ?

This Pandemic really brings fall in almost all side of each countries specially in Financial status of our country but i know that it will never take long before recovery.

It is the Job sector because the Manpower now are getting losing ,imagine that almost all of the biggest company are either shutting down or kicking their employees to cover the operating expenses?

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But our country are now starting to Make it up,since the community is now under General Community Quarantine so the chance of finding their own source of living are indeed going on.

Sad to say all countries are suffering right now due to covid19 especially to our country wherein we only a third world country that struggling and our economy is deeply down. With so many companies closes down and many people got out of jobs due to business closure that really made it worst. Our government really trying hard to help the people by providing support to each families like foods and cash assictanse as much possible until this pandemic is over.

All the countries that were hit by the pandemic experienced the economic recession for a few months of implementing either the lockdown or what they call enhanced community quarantine brought severe damage to the economy and to the citizens.

Currently in my country including the others have started to open their economy again for it is the only way for the government to recover from such damage caused by the pandemic it may not be yet time for the covid19 has no cure yet but if a certain country regardless of first or third world country will not take the risk it may even cause death for their economy which we all hope not to happen to our respective country.

For now, the best thing we can do is to work and pay all the necessary taxes that we need to in order for our country to cope up with the severe damage that we have gained from this crisis.