Topic: The Corona Pandemic economic guessing game - page 3. (Read 1167 times)

the poor country with low health care and high population , the pandemic will grow fast there and kill every aspect  rapidly

Do you mean the definition of bankruptcy such as Argentina, Greece, and Zimbabwe? Maybe developing and poor countries can face the situation after the pandemic effect ends.

In one blow, the COVID-19 pandemic contributed to the impoverishment of a large sector of the world's population. And guess who is the savior in overcoming this crisis, the IMF and the World Bank. The IMF will lend money to a country and with the money that the IMF lends to a country, that country will repay the IMF. The neoliberal solution implemented at the global level does not, in fact, restore the economy but rather impoverish it. The drama of the start of the new debt process was played and in the end, contributed to the increase of the debt by many countries in the world.

Lockdown as the only recommended method for WHO to counter COVID 19 brings a restructuring of the global economy and the consequences are conditioning the concentration of massive wealth, destabilizing small and medium enterprises in all key areas of economic activity including service economy, agriculture, and manufacturing, undermining rights workers, disrupting the labor market, depressing wages in high-income developed countries as well as in poor developing countries. In turn, all this has led to mass unemployment, bankruptcy of small and medium-sized companies, destruction of people's purchasing power, widespread poverty and hunger in many countries.

https://www.imf.org/en/News/Articles/2020/04/03/tr040320-transcript-kristalina-georgieva-participation-world-health-organization-press-briefing

Poor countries, definitely. Better said, countries with huge organizational issues.

The latter introduces the US to the list, I think the US is going to see worse numbers than the likes of Italy and not just referring to the greater size of its population, but percentually it'll be greater.

There are at least the top three countries that are very worrying because besides the United States there are two countries underneath which are Spain and Italy. But anyway, when this pandemic continues to be severe in the sense that it cannot be resolved quickly and on the contrary more and more people are infected, then of course every country has the same concern. Hopefully this pandemic ends soon

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.

After China maybe united state become most terrible country with many people got corona virus, how ever after corona cases many country stop for new comer and never give allowing for every one enter in their country. Become bad moment when corona never could stop and keep going terrible until this finish.

The US has 700k+ cases currently, but we shouldn't count out the population of the country, around 330 million, and the fact that the US has done more coronavirus tests than anybody else, 3.5 million+. I mean, some other countries can have the same amount of cases per capita, they just don't know about it. But that is not to say that the economic impact of the virus can be more devastating in the end in those countries. IMO no country will go bankrupt because of the COVID-19 pandemic.

In my opinion, all affected countries will have an equal possibility to enjoy a slowdown even to financial failure. How a lot do they need to pay and no longer to say the numerous victims who died due to this pandemic.

Many countries actually consider such decision even in the US trump urge to reopen after going so much struggle, by simple logic we can assume that all the countries more specifically the developing and fragile ones will really have a hard time. This time is time of uncertainty it's like there's no good decision only bad and the worst.

That is the biggest trouble, these third world nations that are economically not good anyway, will have hard time even harder after this ends, probably during this period as well. Think about it, you are at home, you just got fired, your nations economy is horrible, everything is insanely expensive while you are not making enough to even survive, yet you got fired so you are even more trouble, so with all of that in mind everyone tells you to stay at home and you can't go out and look for a new job, you can barely go outside, when you do all you can think of how you can find a food to eat and how to keep your shelter.

The amount of danger waiting for the poor people of the poor nations are very very big, we are talking about DEATH level of threat right now, sure we are not at that level and we are only scared of our economy and finances but these people are fighting for their LIFE right now.

What governments understand that, when you are in charge (in politics) you are given an insane power, you can literally get away with murder if you are careful enough, you can steal, bribe and destroy your way into being even more powerful, you can basically be as close to untouchable as it gets, nobody else could have that type of power. S,o what does politicians use that for? Of course to their own benefit, yet they do realize that when the powers shift and when they lose that power, they might be found guilty for what they have done during the period they had the power.

So, they would rather never give up their power at all, at least that is how they are trying to protect themselves. If the financial system collapses and everyone is hungry and people have zero money, they will blame the government for not doing enough so they will vote for someone else. Which is why governments will probably try to avoid a big crisis as much as they can.

Yeah, that is how a businessman thinks.
There will never be a freebie for that guy. I wish he did.
But he already won the presidency so I think he is not in a position to give anymore. He got what he want.

I really thought at start it would be Italy who will be the top candidate but then USA took over the 1st place.
Last week I read like 300k but now they are at 641,919. Recovered is not even touching the 10 percent yet.

This seems relevant: Coronavirus could cause more countries to default on their debt, economist says

He's bearish on Greece and Italy, that's easy enough. But he's also betting the pandemic will lead to crises for South Africa, Brazil, and Argentina:


The IMF is predicting the worst recession since the 30s. Accurate or not, you have to think there are going to be some big defaults, if only from countries who are already teetering on the edge.

Bankruptcy is kinda deep to talk about as most of the countries even if they are very poor will likely to create a counter measure in order to avoid this kind of happening as it is the worst. A country that is bankrupt is almost dead but the poorest country will likely to be hit hard if in case they will be affected that much by the virus and they can't contain it.

So it's a matter on how they are going to deal with the virus, other are imposing lockdown to lessen the affected person therefore all will depend on how the government will take a counter measure to this pandemic until the vaccine will be available. Even the wealthiest country are not exempted to this especially if they mismanaged this situation like what happened to USA where the infected persons are keep on growing. So in the end, I will not try to guess if who is the first country to become bankrupt as I don't like the idea and if possible I don't want any countries to suffer a bankruptcy.

I can feel you mate,and you are perfectly correct that the government hits harder about this Pandemic and at some point even the Health workers are aiming to surrender because of underlying situation now.
and this will only ruining the curing mate,imagine while most of the world are under lockdown to prevent the spread and here Iran comes back to normal as if there are no more dying now?

That sounds terrible.

Many countries like my own were barely holding, and now that this crisis just started it becomes really hard for the world economy to keep existing as existed before.

The third world country will be the one that will be hit hard, I am part of a third world country and the government cannot keep up, with dole and to sustain people who are out of work because of COVID, right now our government is thinking of selling their properties and the world bank already lend us, if this continue the third world country will have a recession and will go bankrupt.

You're right! That actually makes their "EU-bond", which is currently dominated by Germany, less-binding. PLUS, the EU has to bail out countries that can't pay their debts now, or they leave.

Relatively recently, I expressed the opinion that there will not be such countries, but yesterday I read an article that almost all enterprises in Iran resumed work, despite the incompleteness due to the pandemic. They assume that the country simply has practically no reserves left and they are forced to return to work in order to avoid default.

This is the same preparation Kerala a state in India took when the outbreak in China is reported because the state had a prior experience with the Nipah virus outbreak and they were able to control it in record time during 2018 and this time when the outbreak was spreading the government took precaution by forming necessary teams to counter the situation well before a positive case was confirmed and so is the reason it is the only state that could flatten the curve, the rest of the countries who were late in identifying the situation are suffereing.