Topic: Possible solution for economic go-slow - page 4. (Read 685 times)

It is very hard to eliminate fear due to the continuous increasing of Covid-19 cases in our country. Especially those people who are working and a frontliner, you can eliminate fear from them as they are going outside and communicating with other people. They are risking their lives just to have a budget for this pandemic because they had no choice but to do it.

It is not that easy to flattened the curve as we are really not that responsible and discipline enough to follow the government's rules and regulations during this pandemic. But opening of some businesses are good and effective to the economic recovery but still people are the main problem why we can't flattened the curve.

The exact reason is hard to say but I think crypto can play a lot of role in improving the economy. If the government of every country invests in bitcoin in support of crypto then the economy of the country will improve and the demand for crypto will increase a lot.

Yes this is the worst in our generation, but in the past the world  has been hit with more  deadly pandemic like Black Death. Claiming over 200milion people across the Europe, Asia and the part of North Africa

I think the most right things to do in economical sense are
- Open gates and most of the jobs
- mask off are not allowed to go anywhere
- lower taxes for some categories of citizen

Firstly, Government has a very vital role to play in rebuilding the economy considering most domains of every countries economy has been inactive for a while. The first step towards recovery is to ensure that all businesses, firms and companies resume operations. There should should also newly improved policies policies:

– that would support small to medium scale businesses
– individuals who have been idle for a while.
– More job opportunities should be made available for people who have lost their jobs.
–other suggestions made by other users in this thread.

People won't invest or trade if they don't have jobs or there's no head way in  the economy. It won't be a straightforward  process but with time, we should begin to see some "normal" again.

If we are able to find the vaccine for covid-19 that is where we are going to start to recover from our losses through this disease, that is when we are going to improve. It just seems like vague for now because of fail clinical trials towards the vaccine, but there is a non-stop trials happening and I guess we are nearing into that days. World needs a tunnel vision for this one.
Just follow your goverment and you all will be alright, things are unpredictable and uncertain just like the crypto market.
The best that I can suggest is to invest with bitcoin, bitcoin has the highest potential in the market for a huge growth in price.

There is not any specific way to improve the condition.
We just have to be patient and things will go back to normal. It is like a cycle that will turn after a long time.
Do some savings for this period of time and everything is going to be good.

The financial condition of many countries is currently in an unhealthy state of cash flow. National business is also not going well because of the effects of social distancing. Exports and imports have deteriorated due to the effect of the COVID-19 protocols in each country being different so that trade volumes have fallen, there has been de-globalization or the domestic market is only in a recession.

One strategy to rise from adversity is to develop the economy by building "supply" or developing the production & industrial sectors. This is where the role of state officials is expected. Don't be too pessimistic about learning from America from the Great Depression to become the winner of the Second World War. Learn from Germany which in 15 years can change its status as a looser in World War 1 and must pay the cost of war, until Germany controls Europe with the largest war machine. Learn also from Japan, which was flattened in 1945 but within 16 years was able to develop a developed country and have a strong economy and succeed in holding the most advanced Olympics. Learn also from China as a poor country that now challenges US hegemony.

The four countries conduct economic at war and they print money for the purpose of creating demand so that the supply sector can move quickly. Germany and US print money to create war machines. Japan and China print money to create industrial machines.

Food security is the main key to maintaining the stability of a country in times of crisis. Do not be too late to anticipate food security because hunger will create anarchism. Without a full stomach, the supply sector cannot be boosted.

The most possible thing for individuals to move the economy back is through equity crowdfunding.

Second? in my whole life this is the biggest disease outbreak that I have ever experienced. The other outbreaks that I have with my entire life were more of epidemics and it didn't take time to be solved by the medical professionals. But this pandemic, it's been several months since this outbreak started and until now, there's still no vaccine for it although I know that it takes time for this new kind of coronavirus to have a cure. In crypto world, it wasn't really frozen at all unlike most economies have in the world so it's just going like normal. While for the world and each country's economic status, they are starting to recover through reopening of businesses.

Cryptocurrency is a decentralized industry and there is no agency to regulate it and implement policies to improve the market. It's also not affected directly as it's digital, but rather as an aftermath of the global crisis which has caused reduced spending.

On a global scale, there are policies that can be implemented to limit the economic crash and stimulate a recovery, and this varies across different nations and markets.
Current global issues include;
• Halt in infrastructure growth
• Loss of jobs
• Reduction of money in circulation (due to the loss of jobs)
All this is caused by the restriction to movement and interactions which virtually affects every sector.
• Global trade has also taken a major hit as production and transport have slowed down.

Possible solutions:
• Eliminate fear: greed and fear are two psychological factors that influence the economy. Efforts need to be intensified to slow down the spread of the virus as flattening the curve is essential in improving the economic situation and also the sentiment of the public.

• Fiscal policies: these are the policies the government's would make to support SMEs as well as major businesses. This has to be handled cautiously, especially by EMDEs (emerging markets and developing economies). Pumping money into an economy without a commensurate growth to support it will likely create other problems such as loan defaults and inflation.

• Infrastructure growth: this would help to boost employment and also enable people to work from home. In my home country, electricity is not very steady and this can limit how much work can be done remotely (also limiting online learning)

The ultimate goal of these measures is to boost spending and creating an enabling environment.

The current pandemic (Covid19) is second to some other disease out break that had caused lives and properptise, both negatively in the economy of the affected country and the world market. Our beloved Cryptocurrency market also is affected greatly.

Drop suggestions how this set back in economy can be improved both in your country and the crypto world.