Topic: The Corona Pandemic economic guessing game - page 2. (Read 1167 times)

Note that even the so called Developed country are suffering the effect of this virus like US who is now calling for help from around the world and is only after the pandemic we will know the economy that is strong enough to recover quickly as one cannot tell now what will happen in future after this Pandemic.
I have issue with the lockdown measure to cub spread of the virus for am of the opinion that the lockdown measure should be base affected community by community and not just to short down the whole economy of the country as some countries are busy copy other countries lockdown measure which doesn't work.

The fact is that on the network people are viewing a lot of scenarios for the further development of events, especially those that indicate the causes of the coronavirus pandemic.  Of course, this is only an assumption, but for some reason it is very alarming that the spread of the virus may be an opportunity to establish a new world order, or even worse, a reduction in the world's population, because there are too many people and nature, as well as resource balances  in the near future for all of humanity.  It is this issue that the World Secret Government can deal with and the current state of the world economy is nothing compared to the future of mankind.

It would certainly be so if there were no government support of small businesses. Yes, small companies can't survive without bringing in money, and they can't earn money while being closed, but if the government gives them the money they lack, they survive. The money given by government to them will not be enough for them to prosper, but it will be enough to survive. And I think this is what going to happen in the developed countries. But I'm not sure about underdeveloped ones.

As this virus gone wild and infect humans, it has always been a very serious threat to those who don't have enough facilities and equipments. But I dont know how USA got hit very bad.

They are equally having the same contact with the developed countries simply because the world is a global village and that permits all kinds of relationship from physical trade to digital. The contagious rate therefore is same. But I can agree that the poor countries might not have so much casualties because of early prevention and help from countries that have already gone through it.

Poorest countries will not be affected by COVID-19 due to the fact that they do not have a lot of interaction with big economies and nations such as China. US of Europe.
They will not have a lot of infections and as a result their economy is going to continue working normally.

If the pandemic just disappeared a few months ago then I think the country can still survive and will not go bankrupt in the economy, at a glance we must know that some European countries are experiencing a very great co-19 where the death rate has risen dramatically per day it means the country can survive with the economy which is still ongoing but many say that covid-19 is just the beginning of a conspiracy of the trade war.

The problem is more complex than that. A robust economy requires more than just a willing labor force. It needs employers.

A friend remarked to me a few weeks ago, something like "anyone who thinks a business can just close for two months and then reopen like nothing happened has never run a business before." And I think it's true. Half of US small businesses don't have enough cash to survive one month without incoming revenue: https://www.businessinsider.com/how-long-companies-can-survive-without-bringing-in-money-2020-3

Then there is this to consider:


It's probably safe to say we'll see a lot of permanent business closures as a result of these shutdowns. It will take years to recover those jobs.

I predict that a poor country will be worst affected by the corona virus. Possible countries from Africa or Asia are likely can go bankrupt.
Even though the United States and Europe are on the top rank of the corona virus spread, but because of the country America and Europe
have a strong economy. Then it will be fast to be able to recover from the effects of the corona virus.

Idk, mate, I think it's the easiest part. People are so tired of sitting at home now that I'm sure they will start working effectively as never before when quarantine is lifted. And imo there's no need in restoring the passion of consumption, because, in fact, it hasn't gone anywhere. We'll see huge waves of movie and concert goers, shoppers etc. when the whole thing is over. I actually predict a huge economic growth, something akin to the post–World War II economic expansion.

Seems that this is wrong mate because the most infected and problematic now are USA and European countries and sure they will suffer more after this pandemic.
All countries must be stricter because if they don't then the virus will never stop spreading.
Hospitals are being extended now because there are hotels and other buildings that has been used to facilitate victims now.

Depending on how the country's leaders respond to every challenge and threat that comes. Supposing F1 racing in control is the driver to be able to overtake the corner. Recession after the pandemic effect ends is certain because in the name of another budged humanity diverted for the allocation of pandemic mitigation.

Recession will not continue to depression because of the decline and slowdown in the real economy due to individual movements as economic agents are limited. Isolation and quarantine caused many small scale industrial companies to be forced to stop, as a result, there was no income, a reduction in labor that affected consumption figures. So the government must provide direct cash assistance for living benefits for many people affected by corona.

It all depends on the country's leaders in resolving this pandemic. Considering corona as an ordinary virus or seeing a pandemic corona as a national threat. This rationale will bring a different frame of mind in overcoming corona.

Coronavirus is a national threat due to the fact that there are three types of coronaviruses that affect the world, mild type A circulating in the United States and Australia and the UK, Type B circulating in Wuhan and Type C circulating in Europe and Singapore.
https://www.dailymail.co.uk/sciencetech/article-8204255/There-THREE-separate-types-coronavirus.html

In the period of stopping the pandemic, the government can simultaneously formulate or carry out a virtual simulation, the steps taken after the pandemic is based on the timeframe of outbreak handling. The smart leader can overtake the corner by utilizing the moment of supply shortages after the pandemic ends because only 50% of manufacturing and industry are working.

Concern after the pandemic ends is how to turn back the wheel of the economy so that a lot of labor is absorbed and restore the passion of consumption. Employment creation projects that absorb large numbers of workers must be guarded by the government, given permits and capital facilities with strict supervision. For the capital required, the government can make money as long as it is verified from the upstream and downstream industries and the money is actually played in the real sector.

I do agree that these poor nations are probably either hiding their numbers or more simply they are just not doing tests as much as other nations which is why we do not see too many numbers in the underdeveloped nations.

However there is also another possibility that these poor nations are poor for a reason and maybe the touristic poor places like south east Asia or something could be still having a big pandemic spread going on that they are not aware, but looking at Latin American countries and African countries I can't stop myself from thinking maybe not a lot of Chinese people went there during pandemic and after that maybe not a lot of Europeans neither? These are places that not many people fly to so maybe no corona people ever went there and they never had any sick people because of it?

Poor and marginalized countries will surely be devastated. Most especially those which has a large number of its population but is at a low level in terms of its strength in the medical field. You cannot base bankrupcy by just their size because we see Malaysia sorting out the problem well. Those countries which have a disorganized government, dishonest officials, and hard headed people, are the ones which contribute to the coming of a worse case scenario for that country.

I think all countries will definitely go bankrupt with covid-19 chaos. but in terms of economic progress, those who are able to stand up earlier than those who will win, those who will suffer the greatest losses are developing countries, with the average population still earning the least and day laborers.
 Hopefully this problem covid-19

Can't tell which country but definitely the poor countries will suffer more. That's why it's necessary that the measures poor countries will implement will be very strict as they can't afford to facilitate a huge number of people in their hospital as they lack facilities and doctors.

People will be disappointed with pandemic effect on some poorer countries. Most of them dont have the means of taking data and information from those countries may not be reliable. Countries densely populated with no proper city plan can affect the spread, also health infrastructure put in place and proactive measure by the government; testing process, treatment and disposal of the dead. Vaccines are likely to be available before it hit the poorer countries   

At first i'd expected it to be China as they recorded a rate of infected and manage to have number of people contracting the disease more 80,000 but i was wrong it seems the most likely to go down first is The USA. As they have no prevention in the virus and underestimated it, just like in Spain and Italy. Upon researching on how much time needed for a vaccine to be created i found its 2 years max.

So probably those 3 countries namely US, Spain and Italy wouldn't survive.

That's very relevant actually. It's the whole point of the topic, BUT, it's also a guessing game. Hahaha.

Plus the Crude Oil market has crashed, Russia and other oil-producing countries, not under rich Arab-rule, could default too.

No, I mean the Great Depression kind of crisis, which many doomsayers predict these days. Of course I understand that some negative impact on the economy will be experienced by every country, but I think no country, rich or poor, will be affected greatly, meaning, will be affected to the degree so that one could see it just by looking on the streets. That's what many people are afraid of currently, and that's what is not going to happen, in my opinion.