Topic: Is the economy situation in your country that bad? - page 39. (Read 39626 times)
Last year my country's economy went to a recession and inflation.... Not just that but my country's unemployment rate is also high.. I think now is the time to save some money for future purposes and this would be bitcoin
In our country, the economic situation is very bad, because the state does not care about its citizens at all and the budget money is used not for its intended purpose. Well that there is the Internet and digital currencies that help to earn.
It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
Is the economy situation in your country that dismal? Or this is just some fear mongering?
The economic situation in my country is very bad when the rate of university employment is very low. The unemployment rate is very high, almost all the people who go to university do not work in the industry they are trained. In my country, bitcoin is a foreign word for them, coughs have no access to it, the country only has a Bitcoin machine. Simply my country has not accepted Bitcoin, I hope they will accept, perhaps Bitcoin is the wings that will help my country rise in difficult times today.
For the past years, yes the economy of my country is bad but when there was a new elected president it is not that bad anymore because he is a good leader for us and he is trying his best to improve the country and also try to maintain the good things that we have here in my country. I think for the next years the economy of my country will improve a lot way better than the economy of the former president a few years ago because the corruption rate here is just small now.
My country's economic situation is very good, the worrying is the political situation, quite seriously because many people differ in politics and they are insulting each other. I hope this political situation will not be bad for the economy
Well, my country is same like you. Economic here is not that bad, but the politician here is really sucks. So many people who work at government corrupt and it's really hard to solve this problem. What i'm afraid is our country is so many religion here and most of them is moeslem. Most of that politician is using religion to get choosen by citizen.
It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
In India,demonitisation of high value notes have made GDP rate to fall from 7% to 6.1%.More youth have become unemployed.Some people even suffer to meet their daily needs.Some even suffered to get medical treatments.The government tried to turn people to use digital transactions but it totally failed to do so. Is the economy situation in your country that dismal? Or this is just some fear mongering?
The economy situation in my country is very bad and our government have given it name recession telling us they are fighting corruption in the system so as to grant us a better future.
It take time and you are lucky to have a president who are willing to fight for the corruption, that root cause should be eliminated so country will progress. However, like what I said it's a hard job and will take time especially when the corruption has already rooted for many years.
The economy situation in my country is very bad and our government have given it name recession telling us they are fighting corruption in the system so as to grant us a better future.
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It's really hard for me to judge ITALY'S situation now as an interested observer (and long-time tourist here), but IMO it looks pretty bad. Two Italian banks failed Friday, the government (ie the people) are on the hook for between 6 bn - 17 bn euros (depending on whose figures wind up becoming true).
Monte Paschi is Italy's third largest back and has been in trouble for years. If that one fails, look out!
I see LOTS of idle young people (who like tattoos and piercings even more than American young do) , and more street-begging than any other time I have been here.
It's really hard for me to judge ITALY'S situation now as an interested observer (and long-time tourist here), but IMO it looks pretty bad. Two Italian banks failed Friday, the government (ie the people) are on the hook for between 6 bn - 17 bn euros (depending on whose figures wind up becoming true).
Monte Paschi is Italy's third largest back and has been in trouble for years. If that one fails, look out!
I see LOTS of idle young people (who like tattoos and piercings even more than American young do) , and more street-begging than any other time I have been here.
GDP rate has fallen from 7 to 6.1.Due to demonitization,more people have lost their jobs,production has gone down in industries.People even struggle to get their daily wages.Government said that it would destroy black money by demonitizing high value notes,but it failed to deliver the expected results.Instead,it has made country's economy to fall down.
Sure the demonetization did not bring the desired results and it was expected that it wont get those desired result,but one thing they did was they started monitoring all the accounts that got insane amount of money during the demonetization period and expect income tax raids in the following years,what they did to the entire county which consist majority of common people who earn a moderate wage is that to catch a few high rollers who are invading tax they brought a change that no country would do.Reforms are good but they have to take into consideration the common man's problems first. 
I am not aware of the entire economic situation of the country but one thing i know is that it is pretty hard to land a good job and it really sucks if you are looking for a higher pay,it is becoming hard to land a dream position now a days and the competition is really high.
our country India is facing the worst economic situations now.GDP rate has fallen from 7 to 6.1.Due to demonitization,more people have lost their jobs,production has gone down in industries.People even struggle to get their daily wages.Government said that it would destroy black money by demonitizing high value notes,but it failed to deliver the expected results.Instead,it has made country's economy to fall down.
Unfortunately in our country everything is bad, because there are a lot of corrupt officials. The entire budget of the country goes off-track. It's good that there is an opportunity to create a small income on the Internet.
Corruption is a big hurdle towards economic progress. This is the reason why people should start to change their paradigm on the government and start to demand real actions and accountability so that budgets can really go for good projects and services for the citizens. Change for the better is not always easy as there would be a continuing tug of war between those who want the status quo and those who are looking for the silver lining in the darkness they are in.
There are no shortcuts sometimes with this problem not unless there would be fast and lightning change of guards of those in power. When corruption would soon to political instability then that is when things can get so problematic as political instability can also lead to economic slowdown which can results into joblessness, crime and chaos.
Sadly this is a situation where many countries are still are even if we are already in modern and internet-connected world.
It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.
Is the economy situation in your country that dismal? Or this is just some fear mongering?
Is the economy situation in your country that dismal? Or this is just some fear mongering?
Our country's economy is in an upward trend. Though some may say that this is a fake inflation rate due to some investments by higher and bigger companies most economists predict that this is not sustainable. With the war on drugs and some other issues persisting such as corruption, as this is a major concern for some investors. Also with the tax rate in the company some investors are having second thoughts. Employment rate is also thing that comes to mind which drive some entrepreneurs to bitcoin and new horizons.
Situation is pretty bad looking in my country, especially on south. But I think that politicians are doing their job very bad. When you find yourself wanting to leave because of lack of any perspective, than you know that everything gone apart. With crypto currency I do get an add cash and it helps me a lot. Without that I would be devastated.
From your statement what I understand is, if you go for spreading bitcoin awareness in your country there could be more chances for people will be adopting it as per your country situation. When people are not having faith with their local currency, the chances of adopting bitcoin will be more. It is already happening in many country, you may try with your people.
Despite the situation I managed to convince just one of all the people that I talked about to enter a crypto currency world. And big reason for that one is casinos with their good offers because he is a passionate gambler. All the others I don't know why do not give a chance to bitcoin and other coins, don't know if they really know that to but at the end it's their loose.
Situation is pretty bad looking in my country, especially on south. But I think that politicians are doing their job very bad. When you find yourself wanting to leave because of lack of any perspective, than you know that everything gone apart. With crypto currency I do get an add cash and it helps me a lot. Without that I would be devastated.
Cryptos are helping me too and I think there are many people like you and me around the world. That's what is good about the cryptos, no matter how bad the economy situation in your country is, cryptos are helping you to survive.
Situation is pretty bad looking in my country, especially on south. But I think that politicians are doing their job very bad. When you find yourself wanting to leave because of lack of any perspective, than you know that everything gone apart. With crypto currency I do get an add cash and it helps me a lot. Without that I would be devastated.
From your statement what I understand is, if you go for spreading bitcoin awareness in your country there could be more chances for people will be adopting it as per your country situation. When people are not having faith with their local currency, the chances of adopting bitcoin will be more. It is already happening in many country, you may try with your people.
My country's economic situation is very good, the worrying is the political situation, quite seriously because many people differ in politics and they are insulting each other. I hope this political situation will not be bad for the economy
Good for you dude, our country is rich in terms of minerals and supplies but it is run by corrupt leaders so I would say our economy is bad, high unemployment rate which would result to a higher poverty rate. I am lucky I discover the crypto world, I am not fully affected by my countries situation and all I worry is the security and I hope the government can maintain the peace and order.
Situation is pretty bad looking in my country, especially on south. But I think that politicians are doing their job very bad. When you find yourself wanting to leave because of lack of any perspective, than you know that everything gone apart. With crypto currency I do get an add cash and it helps me a lot. Without that I would be devastated.
Some might say that the economy situation in my country, Ukraine, is bad: corrupt politicians, high taxes, high utility charges and so on. But from my perspective it is still much better than it was before when I was a child. I can see that there are a lot of small restaurants around and they are all packed in the evening so people have money to sit there, right? Also you can easily exchange BTC for our local currency and I don't mean the LocalBitcoins, there are sites which exchange with better rates and transfer money directly to your CC charging nothing for that.
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