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

I don't think so that opening some of the business right now are good to bring back the economy because still some of the country right now are having struggle about this out real and some of them are experiencing the second wave of this COVID like on the Philippines right now they are one of the most leading numbers of infected because previously they resume the business open and most of the establishment that could possibly make a mass gathering of people. It's better to support and fight the COVID first than making a resume to all businesses but like the food, medicine/health, and other survival needed just need to open.

While some governments asking their people to go under quarantine without any financial help so how they can survive without any money governments are supposed to come up with a plan then simply locking and I don't think governments are interested in lockdown anymore they just okay with the number of cases getting increasing because they need revenue which got more priority over the people so they are relaxing restrictions when the number are 100 times increased.

What you are conveying is the reality, then what is the solution in a pandemic condition, an undiscovered vaccine, and social restrictions? Do we just follow the government's advice without doing anything? Maybe for some people who have a lot of savings and income from some business they can calm down and just need to downsize. But for those who have little savings and without additional income, the savings will gradually diminish and run out, then the cycle changes to sell assets, if the assets are up, the cycle changes to look for loans if loans fail to pay will find loans with interest. Like running a marathon without a clear finish line so, the participants are getting fewer and fewer.

We should be able to rely on the government, but in developing countries and poor countries, liquidity is running low and even though the government has a good co-management program, there is no budget. The government for the sake of its political career does not dare to admit to its people the existing problems. So that the people are also not aware and do not prepare.

The economy are now slow maybe because of some problem one of it is the pandemic.pandemic can really drug the economy down because people cannot go to work and the economy is really become affected, and the posible solution is to find a vaccine that can kill the virus, so that the people will be confident to go to work and the economy will recover. The only thing we can do is to obey safety precaution for good.

Almost country their economic is slow and weakness because pandemic kill many industries to stop working, we faced many people lost their job and stay at home more than four months. Right now United State have loss their economic financial more than 30% and they will faced big problem in this year.

We are now in the run mate,looking at market prices 

https://coinmarketcap.com/

There are a small drop overnight today but it is not that big to effect the market prices,while i am sure some are getting out now and enjoying the profit of this great pump yet we can still see there are too much supporter standing still and waiting for the highest pump bitcoin can ever give (like me).

and the slowing of economy is real and indeed.

look what happen to the world for the last 5 months,we are in darkest of our generation  abd because of that ?we are still lucky having this value so instead of doubting?just continue holding.

That is a good point, now that the cracks are showing I hope that people should start to notice that the government that they rely on is faulty one way or another. The problem with medical industry is that most of them in the time of complacency, they are doing a breakthrough not to serve humanity but to serve the corporate bigwigs that wants profit. I hope that when this pandemic is over, I hope we apply the so called lessons that we allegedly learn from this pandemic because we will meet a collapse if we were to go back to the old ways knowing that it is shitty.

The economy in the midst of the pandemic showed its weakness in the face of a precious asset such as health. The rulers of the world will have to improve their health system and support it in its scientific and technological development.

The economic restoration of the countries will be hard because not all of them have the natural resources and monetary capital to alleviate their economies and provide answers to their citizens. It is time to support the least favored countries to get out of their problems.

Banks demonstrated that they need a transformation and must adapt to new changes. We are opening the digital age with our support for Bitcoin and the other digital assets. Our world will be more digital and we must promote that destiny.

We can't really tell if there is an impact made by the pandemic towards the crypto market, I know there is somehow but we can't have any data that will disclose the information bout the relationship of the pandemic and the crypto market.

I agree, we have seen such positive vibe with the market even we are facing a pandemic now, it seems that the weakening of the fiat is the strength of the crypto. People now might be choosing crypto over any asset even gold. this is just an assumption of mine.

Bitcoin now at $11K, ethereum at $340, XRP at 0.28, Green market ahead!

The best and possible solution for the economy to get into the process of full recovery with regards to the existence of this pandemic is to of course have the vaccine first because if there is no vaccine, even the economy have opened up due to the reason that business establishments and work places are now back in operation but with limited capacity to observe social distancing just to avoid the spread of virus, still the economy will get into slow recovery.

To be able to resolve the economic problem because of the pandemic, the discovery of the vaccine is really a must. Although the new normal approach on which working is allowed but with certain restrictions can help for the recovery of the economy, still it would be best and fast to recover if the work force will be put into maximum capacity which can only happen if the vaccine is already available.

With regards to the status of cryptocurrencies, they are not directly affected by the effect of the pandemic so there is no really in need to worry about. It is just on the financial crisis when it comes to fiat that is in need to be resolved to help the economy bounce back but as of now the solution is the new normal which is fine well at least there is an improvement to be done while pandemic is still on.

Such natural disasters occur every 100 years. But financial crises are often glimpsed in some countries. In fact, it is possible for us to overcome everything, but it takes some time. The government has to follow some important notches to survive such a catastrophic dilemma. By following those notches, it may be possible to find an economic solution. Regardless, Bitcoin is also splashing a very productive role in this confrontation. It is going to earn money and it is also going to be a very fast transaction. All in all, the government has to take a very thoughtful step and we have to pursue it thoroughly.

Agreed on the statement. The pandemic has caused the cryptocurrency market to slow down, whereas there is drastic crash with rest of the economy. Recovery isn't aimed, even the go-slow economy won't happen with the world market. One thing I've found out of this scenario, people have started to live with what they have and spending time with family. Few months back none had time to spend with family, now everyone are happy in this regard.

Good to see that there's no major impacts inside crypto market even
the entire economy around the world
are suffering right now


Categorically Yes, The market is still positive even we are experiencing this pandemic.


There's a big growth indeed if this pandemic didn't happened as halving
take place this year.

There are several things we can do to improve our life and our economy. But first of all, the vaccine is really necessary at the moment since people do not want to cooperate with their government. There are countries struggling with their people who just want to continue their work and enjoy their party despite the fact that this pandemic has killed more than 600,000 people. However, some places seem to handle this disease very well. For example: China, Vietnam, Thailand, etc. And their economy is recovering days by days. Western countries need to learn how Eastern countries have controlled everything. It might take a long time for everything back to normal. But I believe that we can defeat this pandemic with any cost

There are several solutions to recovery the economy as follows
- Open quarantine and lockdowns so people can work again and can get income.
- Providing capital assistance for small companies and home industries.
- Continue to provide financial assistance to people who do not have a job.
- Tightening the rules for implementing health protocols, so people are not afraid to activities again.
- Increase job vacancies online, so people can work from home.

It is indeed not easy to recovery this destroyed economy, it certainly takes a long time for the economy to return to normal again.

We have to be logical about this, there was never a period in time that closed down all the economical stuff in the world all together, even during war times companies turned into weapon manufacturers and everything was a hospital but even then the economy was taken a hit but people were still outside and either fighting or working except the places that was in the war. This is not a world war that was some nations, this is the whole world and that means it is everywhere in every single small town in the world.

So, when you want to recover the economy of the world it will take more than just few ideas, it is going to take time, and no matter what you do it will definitely take a long time before we can recover and heal our wounds. So, we should be patient about the situation whatever the solution we come up with.

If the epidemic had not had an effect, Bitcoin would have pumped a lot. In the beginning, the price of Bitcoin went down a lot due to the economic downturn, in which case everyone was disappointed, but now the price of Bitcoin is going up despite the economic downturn. For the economic situation, usually, the then administration of the country has to share the praise or blame. This has led to controversy over exactly when a recession started. If an economic expansion reaches a level where it is no longer possible for it to survive, the result is a downturn in the economic cycle, and the situation is corrected by a brief collapse. So it is not an easy task to distinguish the cause of any particular stage of this cycle.

They don't think about how dangerous the Covid-19 for their health. If they can understand how hard the situations and they can think about their health, they will not break the policy or protocol from the government. Many people suffer because of their losing job, and they can not make money to buy their daily needs. We hope that people realize about being healthy, and don't try to risk their life.

The cases are rising, and this is a huge threat because one has to remain careful in this times. This has impacted the economy as businesses are not operationally fully and due to which its impact will be known in coming time. We should avoid unnecessarily going out for now and take a precautionary measure. Also follow all the safety norms to stay safe and keep others also safe.

Considering the economic collapse of the global market as well as the grown countries, there is no big crash with the cryptocurrency market. With comparison to the cryptocurrency market at the beginning of the year to the present market situation  what has happened is growth. Only thing, the predictions from experts didn't come true. If the pandemic attack hasn't taken place we could've experienced a bigger growth.

It's not that simple. You can't fully control people and you can't restrict moving completely. If everyone would stay at home and don't go anywhere thus not spend money on anything how could that help the economy.
I agree that people should take care and be disciplined but we have to move on with our lives.
I think that is quite obvious there will be no vacine or cure for a while so we need to find the right balance how to live with virus not to expose population too much but to enable economy to go regulary. It's not easy, governments don't have easy task and economic crisis is inevitable.

A lot of people are too stubborn who can't listen to a simple instruction or understand the rules of staying at home to prevent getting infected from the virus, and when they got infected, they will put all the blame to their government. It is the reason why we need to cooperate with our government for us to continue our productivity and to save our economy and people's lives.

unfortunately there are alot citizen  didnt follow their government policy or sugesstion, they still go outside doing unimportant things. entering in crypto market could not do by anyone, only skillfull and educated people. meanwhile for people  that have no internet access they will not able to join in this opportunity.

The worse problem is unemployment. It was already at high levels before the pandemic on most countries and now it will take even more time for countries to recover themselves. And without jobs people don't have money to live decently and without money an organized society doesn't work properly.
So I think money usage should be *optimized*. And we could do this as society by reducing basic living costs: gas, electricity, water and all those taxes we pay over everything.

It's already possible to reduce these costs by adopting alternative sources of energy, and I would highlight solar and biogas energies. But this adoption must come as government policy plan, because if we try doing this by ourselves as individuals the costs are too expensive.
This way you won't have to pay abusive energy taxes anymore (that were going to fill the public employees pockets before), instead you can inject this money on who really works: the entrepreneurs, autonomous businesses, formal and informal workers who can boost and rebuild the economy up!

This case is not a small one, and has to be tackled as much as possible. As for how to boost the economy, that would still require the government to ease lockdown and let people go back to their jobs which will put them at risks of getting infected by the virus.

Right now the government is just looking for ways to support people and Businesses. Where I live the government are giving out loans with 5% per annum to businesses. There are people who are poor and won’t receive these loans, these are the people who I pity the most.

The best possible solution to prevent our economic to colapse is to prevent the spread of covid-19 virus. Then,how it will happen? Simple! Stop being stubborn,listen and follow the government rules for you and your family safety. Stay at home if you have no important business  outside. Then,enter in crypto world to have an alternative source of income in order to provide your daily needs. Do some other strategies to help feed your family but will not put you at risk of Covid19 virus.

We must think anti-mainstream if we want to survive in the economy during the pandemic. Pandemic is indeed a disaster but the pandemic also creates timing and momentum as one of the dominant factors that determine success. Apart from the idea that a pandemic is by design by globalists such as the bird flu virus, sars, HIV, Ebola. Or by nature, as happened in the case of Spanish flu. When many countries focus on the survival of their respective nations so that the intensity of intervention of large countries is reduced in the national economy of the country. Even the IMF and the world bank may have been running out of money. On behalf of the safety of the nation, the government may take extreme measures that are felt necessary.

The state can start printing money for domestic independent industries, especially manufacturing industries that support small and medium industries in the productive sectors of agriculture, shipping, fisheries, health, food strengthening, mineral processing technology, and the upstream industry as well as machinery and technology. Must use momentum to make food security, social security, economic security, and geographic security stronger with strengthening from within the country, by minimizing foreign intervention.

I think for one people need to start listening to science and learning how to social distance as well as wear a mask.  I'm sick of wearing a mask the same as everyone else, but I don't deny science and no one else should either.  We see the effect it's had with states ( basing this off the U.S.) that have followed the scientific guidelines.. this would be a start.

One of the best solution to the problem we are facing today is the prevention of the spreading of the disease. As long as the virus is there we cannot go back to our normal life and our economy will continue to fall.

The virus is becoming more dangerous in the world because there are not enough vaccines Everyone is moving freely because everything is open No one is maintaining social distance. However, I do not think it will be possible to discover a vaccine for this virus. So far no expert has been able to take any action In that case many countries have come under control without vaccines If we continue to be a little more cautious there is a possibility of virus resistance with the economy.

This is indeed my first time experienced over this strange things - Covid19 Pandemic.
But, based on the records, the world went  through several Pandemic in the past which started in Spain and other Country. And this crisis that we are facing is really terrible that millions were infected and thousands of lives were killed, and the cure is still not found. Some countries are really not prepared that this actually happened, and the world's economy began to collapse.
The government in each country are doing their best to revive the economy by lifting the different kinds of community quarantines. They are now giving permission to some industries and businesses to operate...even accepts tourists to visit their country to make the tourism alive and the economy as well.
But this government movement now, are putting the lives of people at risk. They are slowly loosened the restrictions in different ways and the people now already forgot the social distancing policy and even don't care wearing their masks. This is really horrible because they tend to forgot that the virus is still here. And the vaccine is not yet created.

It is true the pandemic did not affect the crypto directly, but it spread have a significant effect on crypto. As along as it persist this significant effect will result to an addition of effect. It could as well mean an opportunity for digital currency but then the negative effect will be felt

Did you say Covid19 is second to some other diseases? I think it is second to none. And the crypto world doesn’t look affected by this pandemic. At least, not directly. So, it’s more of the traditional world.
To bring back the economy, we first have to stop the spread of the virus. This is because if it keeps spreading, there might be more lockdowns. And that would dampen the economy. Healthcare systems should be invested in, deeply. You and I have to take responsibility. The sooner the vaccine comes, the better. Businesses would need support from the government to help cope with the situation. The support could come in the form of incentives, flexible tax payments, etc. This could even help reduce the loss of jobs.

That's their duty and responsibility during this pandemic, that's why even if they try to serve us there are still governments who are not good at handling this pandemic. It is true that most of us are really not that knowledgeable on how our governments deal with the economy and community.

There is no such thing as a perfect government but I'm still hoping that they will focus on this pandemic and not on the other issues in their country.

Having a responsible and not corrupt government is a blessing to its people. Those government who are prioritizing the economy and as well as allocating the proper budget to support its people to survive this pandemic amidst of this quarantine.

Best type of solution is to get the huge companies that has 70k+ workers and 5+ billion in revenue to end up paying a lot more taxes while spending money to people who need it the most. That way you would be having people who are not super poor and homeless and unemployed and single parent with a job that has hard time putting food on the table etc etc.

You would have less poor and the upside wouldn't change too much neither, instead of having a billion dollars in profit, you would just have 700 million in profit, that is not bad at all and you would still have companies making a ton of profit and that would be enough for you as a company anyway. But nooooo, that is not capitalist enough, you need companies making 100 gazillion dollar profit even if means 50 million people live under poverty level.

I just think we should focus more on the healthcare system, and try to discover those that are with the virus and start to contain it as much as possible.

If we can’t stop the spreading, it’s going to take long. Lockdown would have been a good way, but it keeps having negative effect on our economies and is making it to drop. So we still have to ease it and let people go back to their work, that way there will at least be good and people can get the things. Already many around the world has lost their job and it’s going to be difficult for these people to cope with the situation. We should not also wait for the government to do everything alone, those that are able should take responsibility as well.

This is probably the first disease that has had such effects on the world in my lifetime. Others didn't even come close to the damages this pandemic has brought so far. The economic situation would improve if the government somehow manages to push the citizens to spend, pushing the economy to flow right now, as well as supporting domestic production so that they can be self-sufficient, at least until the pandemic is over. They can also push for creating jobs that could help a lot of people right now, especially since a lot are left jobless due to the fact that businesses have closed down due to the effects of the pandemic. One good example is for them to push through industrial projects that would help hire a lot of people, since construction works require a lot of manpower, and not many requirements are even needed.

Strictly speaking, we need the government to not be an ass right now. Not only them but as well as major corporations inside our own countries. Cooperate with each other and stop taking advantage of the workers. Pay what is due needed, especially since a single cent can be quite a help right now.

We already know the bad impact of the pandemic to the economy. It really drives the global crisis on economic and we should stop this. of course, the first way is by stopping the spreading of the pandemic. we must stop them in order to minimize the people that are infected. So, the activities will be back soon to the normal, can work as well, as usual, learn and also do more efforts as usual.

related to the crypto world, what can of impact will you expect? We may not be able to give big impacts because this crypto world includes people around the world. We cannot drive them to make the market following certain rules I order to make the economy going better. however, we may be able to help to spread good work on the crypto world, giving chance to the market grow, and also not to panic whatever the condition of the market. I know that it will be so difficult because so far, crypto market is not regulated and we cannot regulate and also control the price. however, by not being panic at least we can still make better options to sell or buy not only based on the small news offered.

COVID-19 is one from those pandemics that it happens before but I think this is the worse case it happens globally.

https://www.mphonline.org/worst-pandemics-in-history/

Yeah, we feel how devastating is this into global market growth and it causes a lot of market failure and shutdown of many establishments, not only the life of the people. We can only have the solution for the declining market if we open business back to life and that is what the other countries who are of minimal cases did today but we can't deny the risk and can't totally flatten the virus.

we need creative ideas that can be applied. because the economic impact can affect social conditions and public health conditions. with circumstances that are forced to remain silent at home then do all the work at home, if not possible then keep doing the work as usual but use health protocols, such as keeping a distance, using a mask, washing hands so that the wheels of the economy keep turning

Makes sense actually. An extra day's pay every week wouldn't even cover half the losses they've realized from inflation over the past two decades. Central banks keep pumping money into the markets, increasing inflation, but then all the growth gets swallowed up by the financial markets. When you add in phenomenons like the explosion of the gig economy, workers realize they are getting paid less and less and less.

Populations are growing increasingly aware that corporate profits and working wages have massively diverged in recent years. They are getting pissed off watching executives pocket all the growth in the form of stock market pumps, exercised stock options, and corporate buybacks......as their own lives have been getting decidedly worse for decades now on a nonstop trajectory.

We've been living through an era (nearly an entire generation now) where corporate greed and financial excess has reached unimaginable levels. Nobody should be surprised when the tides finally turn and the workers of the world want Jeff Bezos' head on a fucking pike, along with a laundry list of demands for a better life.

Governments and industry ought to pay close attention to the way the winds are blowing. They are just ravaging the middle class. If they keep letting the middle class evaporate, they will be in big trouble in another decade or two as societies destabilize.

all governments carry out the work of handling this pandemic in each country by means of different strategies, there are countries that are not too severe and some are severely affected by covid-19.of course the government has various ways to anticipate this pandemic so that the state cycle is not too severe and not too heavy because of this pandemic....?

There is really nothing you can do in the case of cryptocurrency. Cryptocurrency is being affected because of things that are happening out there and people are afraid to be investing their money at a time like this and they have chosen to be selling their assets instead of holding them. The first thing we have to do is to fix the problem we have outside there and once they are all fixed and things are back in better position, there will be nothing there to stop people from investing their money in whatever they want to invest in. And as for how to fix the economy, it’s all about getting back to work and we are doing that already, it’s just going to take a short time.

Many countries already announced about vaccine for corona which makes me to think about possible end for pandemic within this year hence we can think about rebuilding of our economy in coming days which means no more economic slow down everywhere. Countries who invent vaccine may get early boom but all countries may not get struggle due to pandemic and slow downs.

The only possible way that we can totally set back or recover the loss of our country's economy together the world economy is when the vaccine have already been discover so that the normal lives like the usual thing we have before the pandemic can go back and that is when we can work things out. But since the discovery is still on process due to many laboratory trials to assure that the vaccine will work with no human harm or side effects, what we might just establish is what they do call the "new normal" set up.

On the "new normal" set up, the economy can slowly start up by re-opening the essential establishments that is focused on basic needs and stuffs but with lesser capacity of work force so that basic necessities can still be fulfilled because if we will not do such thing, the country's economy will continue to decline leading to possible bigger debt and lack or shortage of resources. This can somehow help to start up the economy on which we must consider the tight or strict implementation of precautionary measures to be able to prevent the spread of virus while we are working on how the country's economic state is being productive all at the same time. That will be our temporary to permanent set up that is possible while the pandemic is still on so that we can start up each and everyone's economy of each country.

We need wide business support from goverment. Only this could help in current situation

Lockdown to me didn't bring solution, after lockdown what are we seeing in number of affected people, rising right ?
So being strict in policy and by-rules on wearing of face mask, sanitizing etc and proper education to rural dwellers about covid-19 prevention would help.

no not all asian does that but there are people that wont wear mask if they get sick especialy if he came from uneducated families or poorer families  . manners does not depend on the country but depends on the individual  . now most people wear mask when going outside with or without sickness but after this covid , some people will live with thier own ways again  . on your country you are doing bad  because you only think of your selves  , does your governments does not provide help on you and why you still insist to work during these times  .

It's really hard to compare Asia with Western Countries, or Africa because the mentality is so different. In Asia it's normal for wearing a mask. If people feel sick in Asia it is common for a long time that they just wear a mask and keep distance from other people. In the west however, we are forced into the same pattern within the last 6 months.
Also we don't have the same politeness and kindness over here as in Asia. We are not following the corona restrictions because it's limits our free way of living.

With what this pandemic brought to every people's mindset, this types of business needs a strict
rules that will prevent the spread of this virus.


That's true, and it is much better to prevent that to happen and keep all the safety measures to lessen
the chance of another waves.


Indeed. Politicians needs to be compassionates instead of corrupting the funds, they should be more
concern from how they will help and save lives.

There is no way to flattened the infection curve and to restart economy. There will always a side that needs to be sacrificed and it depends on which country we are talking about. Lets talk a look at Singapore for example, they are country with one of the lowest number of death to the pandemic yet their economy are stable on the same time

If we have to compare between Singapore and most of country in Africa then it would be very different. Most country in Africa would sacrifice this health issue to restart things back to normal

Economic boost ranges within societies, for countries that rely so much on tourism/social interaction, they might need to adopt sensitive and strategic process to allow the recovery of the economy. Lives  matter so much and economy will give sustenance to the life, if the second waves bring uncontrollable figure of infection and death, they might enforce the second lockdown. It is a difficult time to put economy ahead of health, also politicking with the pandemic should also be reduced.

The British people were surveyed recently and they support the creation of a four day working week. However they also believe they should be paid exactly the same. Funny that.

The things that needed at present more than anything are foresight and delayed gratification and there hasn't been a great deal of anything.

Governments should realise supporting an industry today for longer than they wish to means the industry survives forever. If they don't then it dies forever.

If Donald had been capable of looking beyond today's news headlines and election prospects he would've formulated a coherent response to the virus that won't bite him on the arse when the bill arrives.

     To be honest, this kind of topic is really hard to talk about specially for the ones greatly affected by this pandemic. The only solution I could think of right now for our country is to raise awareness and make people abide strictly to the needed protocols because as long as this pandemic exists, most of the economical movement that can lead us upwards are all halted. If only our government became more serious before this virus reached our country, or even just acted faster and accordingly to the situation and rise of the cases, then a lot of unnecessary problems and deaths would have been avoided and our country would have never reached this point.

The pandemic has opened a paradox where every country will try to build business within their country rather than outsourcing and that is the changes we will be seeing after this and it might affect other countries that were taking these opportunities to create jobs.

How do you think cryptocurrency will help in economic recovery, it could create jobs if there are projects that could come up with solutions and thereby helping the economy and even then it will be small percentage and when it comes to transactions if you are doing long distance transactions especially across continents then BTCitcoin is the perfect mode of transaction, particularly for export and import business and not for small transactions.
The potential is immense and we will see many developments in the next ten years.

1. So you are suggesting to put economy before life? The government never orders any institution/offices to shutdown. They encouraged people to resume work remotely from home.
2. You won't be surprised how many stupid people are there in this world.
3. The government can't just go running around lowering taxes. This will just mess up the economy in the long run. They can take other  monetary policies in planned ways though.

I didn't consider the past because we're not yet alive during that time but if you say so, yes it's second, and let's agree on it.

But in reality, they will not do this. There's a risk that they are weighing and they can't consider doing this or even broadcast it for some reasons.

I also do think of cryptocurrency playing a great role during this pandemic like we can use it for daily transaction instead of cash since it might contain the virus as money is a handy thing but we are not prepared for crypto yet in my opinion. Most of the people don't even know what bitcoin is and how it works, not even the blockchain itself..

Government in investing with bitcoin? lol why would they put a money in uncertain things? it's like buying a vaccine for an unknown disease in hoping that the time will come for that disease to break out. They don't have to spend a money on it, they could just tell their people to use and people will use it, provide laws that will protect the crypto users against scammers and fraudsters. This is what they should invest, not literally on bitcoin.

For sure all of the countries have economic advisors and they will spend more time doing a strategic approach on how they can recover, they will surely focus on the resources on which country known of and also I believe there are countries will extend their helping hands to help the other countries which suffer to much for economic resurrection. But I don't see any point for now that they will go with cryptocurrency since they didn't look at it even if there's pandemic so for sure they will just ignore it and stick on what they do for over the past years.

There are a lot of possible solutions for this economic crisis, but it is really hard to find which is more effective to do. Especially that cryptocurrency are very complex, the prices of different coins varies depending on the factors that contribute to the changes in its prices. Most of the governments are not that into the use of cryptocurrency in the economy, still there are a lot of country which are not that knowledgeable about cryptocurrency's effect in the economic recovery. Hopefully, government allows the use of cryptocurrency in many transactions because it is less hassle, and faster than other payment tools. Cryptocurrency is full of potential so maybe there's something more about its effect and influence in the economy and community.

Is it possible that the government will invest in such a situation now that the country is more focused on handling even more spending a bigger budget unless the government issues a policy on crypto ownership then I think it can happen, advice like this is indeed difficult to express because basically we will knowing that this takes a long time in normalcy as before.

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.