In the Philippines, despite that we are on our way to economic recovery, there are still lots of people getting laid off, furloughed or remain unemployed for a long time. It’s because there are still some industries that are not allowed to open during the pandemic, especially tourism and entertainment side.
I still see some restaurants remain empty at one point. When I entered KFC in a mall, there are no customers so I just ordered a meal before around 3 new people came in just to take out. These businesses like the restaurants are still at a loss because of very few sales along with employee salaries, rent, etc.
And also daily new cases are still within the 4k to 8k range. Despite the National Capital Region’s daily cases are increasing, other provinces in the middle group of islands and southern part of the country are increasing. Herd immunity is still a long way to go as vaccination process is still slow. And of course, I don’t wanna inoculate myself unless if it’s US-made like Moderna, J&J, etc., or if Ivermectin was already approved for public use.
Topic: Covid-19 effect on your country's economy!!! - page 3. (Read 5265 times)
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.
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
When the entire country is suffering out of the covid-19, the government is making projects to construct parliament house and house for the Prime Minister. The entire budget of the project is calculated to be $1.9billion. Is it necessary for the moment, every opposition have requested to stop the project and concentrate on the Pandemic.
The government is requesting donation with the people for the covid-19 fund for vaccination purchase and other necessary needs.
The government is requesting donation with the people for the covid-19 fund for vaccination purchase and other necessary needs.
The usual left-wing fake news. The currently approved projects are for $120 million and not for $2 billion. The work on the remaining section of the Central Vista project remains suspended. And it is not just parliament house and the prime minister residence. More than 90% of the project cost is earmarked for office buildings for various departments that are currently operating from rented buildings. If you really want to oppose, then do that against the move by the Congress governments in Maharashtra and Rajasthan who are building luxury MLA apartments for $150 million each.
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.
Here in my country Im just worried to those people in a city because some of them are almost the same problem about food, And some stores are not back in normal yet and many people are not back in the job they have. And the government working so hard to solve of these kind of problem facing. But in my province we can get some food around in our backyard just like vegetables, fruits and animals we are lucky that we have like these.
World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.
Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
When I comment now, maybe it's been almost 2 years that we have been hit by covid, and covid 19 is still there. The government can only deal with it by providing the existing vaccines to the public for free. It does help a little to reduce the number of people affected by this disease outbreak, but a new problem arises, there are some cases that die after being vaccinated. Obviously Covid affects many sectors, the main one is the economy. There are so many unemployed in our country , including me . But I am grateful that I have known for a long time about bitcoin, so that I can still earn even from home.Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
but it seems it cant really be stopped and it would be needing a while before this pandemic would be over.For sure lots of economy had dropped down
but at least we are seeing some sustain even though its hard but at least we do able to live on it somehow.
How long this pandemic would be over? no one knows thats why its really ideal to save up money and dont waste up.
World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.
Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
When I comment now, maybe it's been almost 2 years that we have been hit by covid, and covid 19 is still there. The government can only deal with it by providing the existing vaccines to the public for free. It does help a little to reduce the number of people affected by this disease outbreak, but a new problem arises, there are some cases that die after being vaccinated. Obviously Covid affects many sectors, the main one is the economy. There are so many unemployed in our country , including me . But I am grateful that I have known for a long time about bitcoin, so that I can still earn even from home. Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
In Italy, we have a strange situation.
Obviously, the pandemic hit really hard, but the government took a paternalistic approach and forbid every firm to fire anyone, providing help.
On the other hand, they provided a Universal Basic Income: as this income is really high compared to the wages which ideally possible to rack up in the labour market, the UBI is actually crowding out the regular job offers.
We are talking about people (both skilled )or not declining job offers not to lose entitlement for UBI.
Obviously, the pandemic hit really hard, but the government took a paternalistic approach and forbid every firm to fire anyone, providing help.
On the other hand, they provided a Universal Basic Income: as this income is really high compared to the wages which ideally possible to rack up in the labour market, the UBI is actually crowding out the regular job offers.
We are talking about people (both skilled )or not declining job offers not to lose entitlement for UBI.
World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.
Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.
In my country suffers about financial , can't afford to buy needs /want and some employee loss their Jobs. Due of covid-19 as I observed the economy was really affected of pandemic .People lean the Government support but day by day we use money to lived so the Government can't promise to give all people needs .
When the entire country is suffering out of the covid-19, the government is making projects to construct parliament house and house for the Prime Minister. The entire budget of the project is calculated to be $1.9billion. Is it necessary for the moment, every opposition have requested to stop the project and concentrate on the Pandemic.
The government is requesting donation with the people for the covid-19 fund for vaccination purchase and other necessary needs.
The government is requesting donation with the people for the covid-19 fund for vaccination purchase and other necessary needs.
Covid 19 really has great effect in our country economically speaking, literary our country is down now with lot of debts, lots of business are closed, school closed, no transportation, hospitals are full of patients more and more health worker are suffering some doctors died, to top of that the politics-corruption in our country is really worst its totally different from the normal life we used to have, but some still good things happened, people are became innovative they were able to find way to make a living out of this pandemic, and they help one another in this time of crisis.
It is very sad that there are politicians that are taking advantage of the situation. They don't care about the welfare and well being of the people as long as they'll get what they want and their main goal is to make their pockets full out of this pandemic. Yeah, there are still those people that have the spirit of helping because this is a crisis that we should deal altogether and beat together. But it's just disappointing to know that it's not only your country that has to deal with such corrupt politicians but for sure there are others too.
And in this pandemic, many of them has saw the huge money that's going outside due to the budgeting that has been put into law and that's why those corrupts are taking advantage of it.
I think the economy of every country is affected by the covid 19 pandemic. This pandemic has a huge impact with the economic status after a couple of months of lockdowns, many people lost their job, some business establishment either forced to closed or lessen their workers and many people were hungry, others died because of covid virus. Fortunately now, there alraedy a covid vaccine that helps to prevent the spreading of covid virus. And our economy now is gradually recovering.
This pandemic really gives a huge impact with the economy, there are so many things happened because of this virus, a lot of people have lose their job and a lot of businesses have forced to be closed to avoid the spreading of this virus, thankfully we have a little improvement and most of the companies and businesses that were closed before are now open and we are now already starting to recover our economy.
It is similar to the situation we had in 2009. Many of the users will be too young to remember that period. Back then also, a lot of people lost their jobs and people like me who clung on to our jobs had no salary increment for a couple of years. Those were hard times. And these incidents reminds us of the importance of having a rainy day fund. You can create one, either with fiat currency or cryptocurrency. The next time when hard times hit you, these funds will become very useful.
Here in Nepal, the situation has become really unimaginable. People are dying inside their homes as the medical facilities are not available in rural areas. And in most cases, it is the earning members of the family who are dying and the children become orphans. Even before the pandemic, the poverty levels in Nepal were quite high. And the pandemic has destroyed whatever wealth that was remaining. The situation is really bleak here. A lot of hardship everywhere and we don't know when it will end.
almost all countries feel the effects in the tourism and culinary sectors, even some hotels and restaurants have to go out of business because they are unable to cover losses for operational costs
That's just a small portion of the economy, the biggest one that is affected is probably the working class because they all either got fired or suspended to either reduce workload to save money for the businesses or the company doesn't want the pandemic to spread further. In my country, the effect of this pandemic is really drastic because a lot of people are suffering and the government doesn't do a thing about it besides calling lockdowns new names. 
The presence of the Covid-19 pandemic has had many impacts on the economy of my country as a whole. With economic activity still low, the pressure on people's purchasing power has decreased, and this realization shows that my country has not been able to get out of the recession. This happens because human movement has not returned to the way it was before the COVID-19 pandemic.
The impact can vary on the economy, for example, unemployment increases and eventually people's income also decreases and this then has an impact on increasing the number of poor people.
The impact can vary on the economy, for example, unemployment increases and eventually people's income also decreases and this then has an impact on increasing the number of poor people.
Covid-19 has dealt a major blow to the country's economy there are also fears that the implementation of large projects will be hampered. Taking advantage of such a crisis a class of people is looting profits traders say the normal chain of industrialization has broken down corruption is having a huge impact on the country's economy Political leaders are all interfering if the government takes the right steps the country's economy can improve rapidly. In addition to reducing corruption the government needs to allocate more to the health sector to get rid of its effects.
Covid 19 really has great effect in our country economically speaking, literary our country is down now with lot of debts, lots of business are closed, school closed, no transportation, hospitals are full of patients more and more health worker are suffering some doctors died, to top of that the politics-corruption in our country is really worst its totally different from the normal life we used to have, but some still good things happened, people are became innovative they were able to find way to make a living out of this pandemic, and they help one another in this time of crisis.
It is very sad that there are politicians that are taking advantage of the situation. They don't care about the welfare and well being of the people as long as they'll get what they want and their main goal is to make their pockets full out of this pandemic. Yeah, there are still those people that have the spirit of helping because this is a crisis that we should deal altogether and beat together. But it's just disappointing to know that it's not only your country that has to deal with such corrupt politicians but for sure there are others too.
In Italy the situation is quite paradoxical: government forbid any firm to fire anyone since the start of the pandemic. We really haven't started seeing anything of the economic disaster of the coronavirus, as we still are entirely protected by the State.
One of the major drawback of lockdown is the loss of job of many people, microbusinesses tends to totally shutdown due to complete law of activity of the communtity, even some private schools are now close since their student transfer to public schools due to financial crisis. This problem worsen since they dont even get any help from the government, so the only solution is to close them to avoid any debt. With this, the economy of our country goes down.
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