Topic: How do you estimate resilience of economy in your country? - page 3. (Read 700 times)

Figures from 2019 can not be achieved because the pre-season was completely absent, but some countries are recording quite good results even in such conditions. Take for example Croatia where some regions have up to 60% capacity utilization, and the average is around 40% - and on the other side Greece is only at 7% compared to last year. Of course, the main reason for these results is the proximity of the Croatian coast to Western Europe, but also a large number of car camps where accommodation is quite cheap and people feel quite safe.

CNTB: More than 600,000 tourists in Croatia

The economies of every country in the world have gone down a lot attempts are usually made to prevent the virus through the lockdown however, no country has yet taken any steps to improve the economy. But China is far ahead i think we need to spend more on the health sector to overcome the crisis this will make it much easier to deal with the virus.

Well, till now I have the feeling Europe went pretty well though nearly 2 months of total lockdown, a -6% decrease in GDP compared to the gloom and doom scenarios that were circulating back in April and May are pretty good, especially since this not caused by failure but by a stop imposed.

As for my country and pretty much all the other small countries in central Europe I think we're doing pretty good even compared to the western ones, we've been hit far less in terms on infections and deaths, the rise in new cases which was obviously going to happen is not alarming yet, pretty much almost all the industry is at full power, and the construction and auto sector is almost unfazed, same for agriculture, the numbers show that draught was taking a bigger toll than the epidemic.

Tourism, that might be a problem, it's not rebounding and it will probably never hit the last year numbers till the end of the year, right now occupancy levels are around 25-40% of what they were according to the news but the best percentages are in the capital not in resorts, so even those low numbers might be misleading.
But overall I'm feeling more optimistic by the day, the only negative thing is what the fallout from the US might bring, no matter how far away and with little trade and interaction we have directly when the US sneezes we always end up with a fever.

If I will base it on the number of the cases right now to the total population of our country right now, I can say that the government did it well although there are some corrupted politicians who didn't give the aid to some poor families which is quite unfortunate and disgusting in my part. In terms of economy and business support, they already gave an aid to some of it already but still some business are forced to close. With regards of giving some assistance to the vulnerable citizens, I can say that most of them received it but not all of them can receive it since the funds of the government are very limited.

Some of the lockdown measures are being lifted already and some of the businesses are re-opening here. Sadly there are still some transportation vehicles who can't be use right now for some reasons like jeepneys.

North Korea for sure .

I don't agree with you, personally I think that virus isn't that deadly and I guess it will be better to look deeply into statistics (age, their health conditions and etc). I am a healthy person, workout, have a normal diet. Personally I can't breath in face masks and to be fair it's hard or almost impossible to get fresh, new mask for every new needs of usage. I this those face masks must be optional, personally for me, pros outweigh cons and prefer to move without mask and already stated the reason.

On another hand, to be fair I can't see that anyone has problem of money in my country, no, it looks like people say they are poor but in reality have good supply of money cause everywhere I go, especially in supermarkets, there are queues and queues + people buy tons of products in hypermarkets like in past, so... There are a lot of traffics and there were even traffics when public transport and metro wasn't working, my conclusion is that people aren't as poor as they call themselves.

And countries, well, governments aren't gonna spend money on your well-being and on your business, especially in small countries where corruption is high. They get help and funds and these funds goes into their pockets.

That can be partially explained by China's authoritarian culture and government compared to America, and also the American penchant for rebellion against authority. There is also the fact that Asian countries like China, Taiwan, and Singapore dealt with the SARS outbreak. The last time I traveled to China was in 2003. Everyone was wearing masks in the streets, driving and riding mopeds with masks, etc at that time. In fact, that practice never really ended. When this pandemic hit, those countries didn't have the same kind of cultural resistance seen in the west and particularly in the US.

As for the length of lockdowns and willingness to implement them, it's not just about powerful companies. There is a consensus that keeping the economy shut down will more or less bring a depression, which could in turn kill more people than an epidemic. That's the crux of the debate.

Well, actually it's not easy to say this. In my own country it might be more difficult to overcome the post-pandemic economy. Not only because of the very large population and also the broad reach of the territory in our country. Here, the economic capacity of the population is very diverse. there are still many people who are capable of a lower middle-class economy. And they are most victims of a pandemic. During this time our government has worked hard to help the lives of its inhabitants who are not capable and become unemployed during the pandemic. but this is only enough for food, not for other premier needs, especially tertiary.

I know this will be hard to overcome by our country because the conditions are so complicated. However, what is certain is that as citizens, we must also help each other to overcome and improve the economy. It's easy to do that by helping as much as possible, buying products made in the country, and promoting MSMEs.

It seems like I tell too much about the conditions in my country. From some of the news that I heard, the country that is the easiest to restore post-pandemic economic conditions might be China and Singapore. They are country that has also been affected by COVID-19 with many casualties. But they can build faster, both economically and healthily.

I think the countries that will survive the economic hardship more is those who don't depend on importation but exports product. If you exporting, you get more foreign exchange and that can also add to foreign reserve of the country. If a country is exporting, more jobs will be opened for citizens and people living there too. China and united states are few countries that are better in situation .

They have their way, but the worst part is they use situation like this for their own political advantage. They show they are taking steps to improve everything and that everything is "fine", but are they actually?
Like you are saying your country's economy isn't as bad as other countries, but are you sure about that? Or did you hear about this in some media (which is also controlled by the government).

I can’t speak for other countries, because I don’t know how they are handling their own cases... But China seems to be handling the case better than other country.

At the start they have offered to assist other countries in handling the cases of Covid-19 outbreak, but it is never the same for others. And lots of businesses there were making huge profit when the this Pandemic started, a lot of countries were ordering face masks, tests and a lot of healthcare materials from companies in China and that would have helped to improve their economy. In my country it is not the same, though one thing that makes me happy is that lots of people that got the virus majority of them recovered.

The country hasn't done anything specific in order to control the economic downfall.
They just made a lockdown that impacted negatively the economy.
It is more to choose Public Health over Economic Upturn...

As for me, it will be hard for our economy to recover from this pandemic. We're in a deep debt and it will take years for us to get paid. Lots of citizens have been suffering here not because of the pandemic but the corruption of the government. Instead of focusing on ways of how to fight the pandemic, they're focusing on different issues not knowing that the economic situation is getting worse. Lots of people are getting inffected here even huge companies' employees which made them stop their operations. I just hope that our economy could still survive not just from the virus but from the corrupt government.

Every country has its own way of maintaining or strategy, so that our country's economy remains stable, after the corona pandemic is nested globally at this time.

There are several strategies that our government undertakes to safeguard "Economic Resilience".
The most important thing to do is: steps to maintain purchasing power & encourage high production, local.

My country's economic growth greatly influences 'consumption' by reducing the quarterly impetus, state expenditure, I think the country's economy says not as bad as other countries, still in control.

In my country, the number of covid sufferers touched 88,000. The economy in my country has also declined dramatically and many of my colleagues have been laid off. Issues regarding several banks stumbling on liquidity problems also emerged.

The government took the policy to reopen the economy with a series of standard covid procedures in everyday life. Foreign debt increased and the economic policy adopted was recording the budget. So that the economy more devastated. Technocrats and politicians disagree over the solution to economic recovery.

I am pessimistic that the economy will improve in the next one year because the more days, it looks increasingly sluggish.

The Phillipines showed a lack of action in fighting the pandemic. In fact, even with the growing number of cases with over 70,000 confirmed cases, the government is busy with other political issues than focusing on this virus. There's a lot of ongoing issues in my country that you would think that they don't give attention to the pandemic. There's even a rally which is really frightening since it can contribute to more positive cases. That's why I really envy those countries will low confirmed cases and those who manage to flatten the curve like Korea, HongKong, and Thailand, and more.

We are now in the phase of recovering the economy by opening businesses and going back to work yet the threat is much greater compared when we are still in lockdown. Now they are pushing to resume classes in August without assurance that it will be safe for students to go out (online classes is not accessible for everyone). Everything is becoming political, even this pandemic. So I really don't know what will happen in the next few months without the vaccine since our government isn't competent at all.

In my country the economy is not doing so well but it was before the pandemic started, it wasn't something new, in fact we were a lot worse before the pandemic and somehow doing a bit better right now for some reason.

I am not sure why it is like that, I am not really wise when it comes to financial affairs, but when I check the situation here not just from economical numbers that governments and so forth give because that could be wrong, but I also check my own finances and to be honest with you I am doing much better compared to last summer for example which doesn't make sense at all. At the end of the day there were a lot of people affected because they were fired, and I feel like they got the short end of the stick and everyone else just carried on like nothing happened.

My country have done a great war against COVID-19. Lockdown was immediately promulgated when there were about 100 cases. Our people understand the danger of the situation so that they choose to listen to the government and stay home. We spent about a month with the lockdown and everyone was wearing a mask during that time. Even now although the disease has been contained, most of the people still put the mask on their faces. They aware the pandemic has the capability to return and destroy us again. Thus, we have to protect ourselves first in order to defeat it once and for all

I have a strong fate that vaccines will soon be found. There is news reporting that some scientists have invented the cure which can fight back the virus. We really need those cures so as to bring the international economy back to normal. Our world can not develop appropriately if there are still countries infected with the virus. Especially the US, the strongest country in the world

The economy is going through a lot of bad situations because of the COVID epidemic. During this time, the government can help businesses to deal with it successfully and save the economy. If the government opens everything up again, it will be much easier to deal with the economy. But China and the United States are fighting the economic crisis best. They are far ahead of other countries

Even before the Covid19 thing, my country needed rescue  Now,  It just worse. It all looks like all is going well but when you take a deep look, you would notice that things ain't what they seem. Heavy dependence on oil has caused us a lot. But then, my country's economy might not be as resilient as it should be but the people are very much resilient. It's all our own doing.

I think the government has done everything possible to save the economy, especially in businesses that are now heavily supported so that these industries will grow even more and revive an economy that has been in decline for several months, the Covid-19 case has declined but the budget will continue to drain because there is still much that is needed to deal with this so the government will continue to be in the form of small traders or raise up employees so that they can work again that is the best thing if it is done on time.