Topic: COVID-19 vs Economy situation - page 3. (Read 605 times)

That is my prayers as well because nobody is paying a listening ear to the economic situation again. Everyone is now on their own, the government has failed us woefully. No adequate economic plans, everything seems to be getting worst day by day and the cost of earning a living is almost killing the living. I just pray that they don't shut everywhere down again totally as they did during the COVID period otherwise they should be prepared to do mass burials as they did during the COVID time because what is killing the less privileged now is hunger and poverty, except you have a well-paid job that you won't feel the impact much but yet the state of the economy is affecting every Tom, Dick and Harry.

Recovery did really take up some time on which it is really that indeed devastative into all countries but what had been affected the most on just like on what you have said that 3rd world countries did really took that huge damage in terms of economic aspect. Recovery was that more slower in compared into those first tiers on which recovery is really that fast. In speaking about on the current condition after that pandemic then
we do eventually see that everything goes back to normal. There might be some businesses out there didnt make it through or had totally gone down but there are ones who do able to survive and able to make
up even more with the current situation that we are into. There's no other way to go into but to survive and having that progress on which we might be able to experience the worst but doesnt mean that it
would be over or there's something that we shouldnt be doing into.

Problems do come and pass and just like on what i have said that there's no other way other than on moving on and trying out to survive on whatever challenges that we do able to encounter or would really be able to meet up specially into these pandemic times on which no one had thought that Covid did make out that huge impact in terms of economic problems. Tons had died, tons of businesses were down
but look at on where we are now on which we had survived and continue to live.

Hopefully this pandemic will not come back again even though we will never know if there will be another pandemic in the future. And this pandemic has made everything chaotic especially the economy and also many people have lost their lives and so on, that's what we felt at that time, and we have no choice but to accept it because it is the same as a natural disaster that can happen at any time even though there is still human intervention but if God wills it will definitely happen. And if it happens again, the most important role is that the government must act very quickly so that the virus or what happened does not spread widely which will harm many people, because if it is slow it will make everything chaotic and troublesome for many parties that cannot be controlled quickly because of the delay in acting.

Price hike was normalised already, I can witness that purchasing power reduced drastically and price of goods and service is keep on rising while the money making opportunities being stagnant that forced the people to survive instead of living and COVID lockdowns doesn't really caused this, the government printed the paper money is causing this problem a little later and there won't be any solution for this, we as individual can save us from these endless loop by moving to decentralised monetary system.

Covid-19 pandemic has had a heartfelt impact on the world’s economy today, which has led to major changes across various sectors. Many countries suffered major setbacks in their gross domestic products as businesses closed down because consumer spending also fell. The imposed lock-downs and restrictions also added to the fall. Nigeria was not so good before the pandemic, if we never had a pandemic, and experienced the pandemic now with our current economic situation, we will still suffer as much as before. If on another hand, there is a recurrence of the pandemic, considering the current situation of my countries economy, and how we have not recovered or even progressed far from where the last pandemic kept us, if there is another pandemic right now, it will be devastating, people will defy government orders for lock down, and that will make it even harder for the government to control the pandemic.

The ebola virus was a child's play compared to the pandemic #covid-19 during the ebola virus there was no lock down and I believe it was a thing of some weeks in my country I don't know if it lasted for a month or so in other countries. But we are all hoping and praying that in this time nothing of such should happen else millions will die not of the virus but of hunger especially if lockdown is imposed again.

The combination of the pandemic and a struggling economy could have led to unprecedented global challenges: skyrocketing inflation, widespread unemployment, and food insecurity. In such a scenario, the strain on healthcare systems, social welfare, and public order would likely have been catastrophic, with vulnerable populations taking the brunt of the impact.

you know, we cant tell when pandemic will hit and it doesn't wait for you to be prepared for it economically before it comes. are you trying to say that at the time covid 19 came or during the Ebola virus, the economy was stable and had only that to combat with? absolutely not. at the time there were a lot of local and global unrest and people had to find a way of dealing with all of them at the same time and if you survived you survive and if you don't then that's probably your fate.

if covid or any pandemic comes now, those that will survive will survive and others that will die will die. sometimes its not even about an economy, there are people that couldn't survive the covid even though they had a better economy and some of them were even rich. others had a very bad economy but the pandemic didn't affect them that much. pandemic cripples an economy but at the end, survival is what really matters, every other thing can always be fixed in the future.

Wouldn't hypothesizing on the worst-case scenario be a basis for making future regulations? I don't think they're necessarily the opposite. For example, if the government doesn't foresee the worst-case scenario with inflation it would be difficult to make a plan B/C to prevent/fight those situations when they materialize. It's really hard to see if things are going to change in the short-term though, considering how many different people are on the chains and they have different goals. Bureaucracy is such a bottleneck for making quick decisions. CMIIW.

My country was in really bad condition when the Covid happened, but today's economic is not much better either, we have current global economic challenges including inflation and geopolitical conflict, they are very different to COVID-19 pandemic which mainly affect supply chains and health crisis. However https://www.spglobal.com/marketintelligence/en/mi/research-analysis/global-economic-outlook-november-2024.html shows that in countries with better economic, inflation begin to ease, and even though some political conflict in several region hasn't been resolve it's still somewhat contained, and not escalating. And as far as I know many governments and their central banks has learned something and adjusted on how to react to crisis from what we have experienced in COVID era.

Moreover in my opinion instead of hypothesizing on worst-case scenarios, we should focus on how to be resilience against future crises. Economic diversification, strengthening health system, and better multi-national cooperation would be the solution for a better management on global crisis, those should be the keys priorities.

It will take a certain period of time for the economy to recover.
Many industries and supply chains were locked down for a few years and countries and their citizens are still paying the price.
Some countries only live on tourism and they had even more difficulty during that period. There was no transportation, everything was closed and those in the tourism business were eliminated during that period.

It will be tough. That pandemic was truly difficult, most economies and industries were closed. Many were laid off from their jobs, shops closed, and the entirety almost closed except those that needed to keep up with the economy. So whether it happens as of now or at the same time, the same results I guess will happen. There is no need to think of any what-ifs about that because it was dark times. But I recognize the people that were fortunate at that time, mostly didn't affected by it because of the industry that they belong.

Not only some countries but the whole world has not yet fully recovered from the damage caused by the covid 19 pandemic. Even though the world's two largest economies, the United States and China, are still struggling with high inflation and have not fully recovered, we should not be too disappointed that the rest of the world's economies have not recovered.


If this is a pandemic caused by a new virus, no amount of preparation can prepare us for it. Because before covid, the world faced many pandemics but the human and economic damage was still huge. The problem is not that the government is not well prepared for such situations, but that we do not have enough human resources to deal with such new problems. If we were to face another pandemic at this time, things would certainly be worse than what covid has caused.

Some countries have not recovered fully from the COVID-19 pandemic. Countries that depend on tourism for most of their income are just beginning to open up to tourists and regaining their sources of income. In my country, the government is still blaming COVID-19 for some challenges we are facing.

With the discovery of vaccines and some drugs that can combat the virus, I don't think there will be massive lockdowns like we saw last time. Nations are better prepared on how to handle the virus. But a new strain that defies medication or vaccination might bring untold hardship to the global economy. It will lead to economic recession in many countries.

They did have a choice. We had a choice. There always is a choice, no matter the subject. In this case the policies were awfully wrong and I feel sorry for all those people that suffered or worse, even more so in retrospective. Prime case example: Sweden.

It’s not like they had the choice.

It’s either they impose the lockdown or they gamble with people’s lives and health. Even if they didn’t do the lockdown, the hospitals and medical staff would have suffered due to the amount of sick people entering and requiring their facilities and services. Maybe medical practitioners would have been affected which would cause a decline. Either way this plays out, I don’t think it would be good for the economy.

Sure, some governments could have handled it better but at the moment a lockdown was absolutely necessary.

What about the current economy? Things are going quite well, no? We can hope those idiots in charge won't lock things down again because that indeed was greatly damaging. Especially to third world countries and small businesses.

Currently many countries are witnessing the dark side of their Economy. And nobody is really happy when things are not going well with their countries Economy cause it affects everyone. The country may experience hike in the prices of goods and this is the major fear of every individual in times like this.

So during the COVID-19 lock down, things were very tense, people died,there was massive hunger and restriction of movement and many economies and business merchants witnessed set back.

My question now is what if the pandemic came the same time with the current situation of your countries Economy.