Topic: The Corona Pandemic economic guessing game - page 4. (Read 1167 times)

Corona actually has nothing to do with developed countries, developing countries or poor countries. What's different is how the government's response in dealing with corona. We can take the example of China, the Netherlands, Taiwan, the United States.

China is a total lockdown of Wuhan city because it has already fallen in corona. The Netherlands with failed herd immunity. The United States, which was initially confident of being able to conquer Corona, finally bites a finger. And finally, the successful Taiwan provided an umbrella before it rained to overcome the corona.

In Taiwan when the corona outbreak was still in Wuhan, those safe times were used to prepare for the arrival of the virus. Since SARS attacked, Taiwan already has a formal institution that monitors and handles outbreaks. So when the plague in Wuhan became uncontrollable. Taiwan has produced more masks and provided counseling, so there is no increase in the price of masks in Taiwan around USD 1.7 for 9 pieces of surgical masked. Purchase with quota & show health identity card, without a card you can not order. The maximum order is only for 14 days, order through the government website and can be taken at retail stores. Taiwan has also prepared thousands of isolation rooms in all hospitals equipped with negative pressure rooms.

Has it actually lost its purpose? https://europa.eu/european-union/about-eu/eu-in-brief_en

This isn't my area of expertise, but I thought the EU was primarily about monetary and economic policy. I wasn't aware it implied rich countries were supposed to unconditionally bail out poor countries in any crisis.

We might see a global blood bath we have not seen in a long time and much bigger than the 2008 crisis and the situation in third world countries will be really pathetic, right now we have no idea when the pandemic is going down and how long the government can force everyone to sit at home and do nothing.

You are dreaming, do you have any idea about debt they are having if they keep on printing money how they are going to control the inflation. Printing money will not save any country and it will give the opposite result.

Bitcoin is pointing to 5k by May.
However, a reversal is possible, due to a stable line coming from the start of 2017.

If people realize that holding fiat is losing money, they will invest. The more governments prints it, the more it will lose value on long-term.

The US is safe, of course, except for a large number of victims of the virus. But this is a country with a huge number of citizens, so in percentage terms, this should not be different from other countries.
Even if the US prints huge amounts of dollars, the country will not suffer, precisely because the US has dollars.
After Trump's last announcement of printing 2 billion, the price instead of going down went up, so even if it announces the printing of another 2 billion, nothing bad will probably happen.
I think that the United Kingdom will have much more problems, because the exit from the European Union associated with the virus epidemic can become a very big economic problem for them.

That's what I was thinking, too, although I don't think they're going to go bankrupt.

I'm kind of worried about the future of the US, especially since the government cranked up the money printing and is sending pretty much every citizen or family a check for something like $1200.  I'm not sure how we intend to pay for all that, and my guess is that it's not going to be a gift from Trump but a loan that we're going to be paying off with higher taxes and such after everything settles.  The US isn't going to go bankrupt in the immediate future, but that's where we're headed.

And yeah, I think the poorest countries are going to get slaughtered economically.  But who knows.  We'll see where we are in a year or so.

It is really suspicious on China's part, just think about it, the virus was discovered in Wuhan, China yet the connecting cities to it like Beijing and Shanghai seems to be unaffected by it however other countries like Italy and USA which is farther away from them gets the virus and severely damaged economically. I really tried not to think that China did not do it, but as day passes and I read facts on the internet it makes me think of the dots that may be connected to each other. The recovery rate in China is high which makes me more suspicious about them.

Many people today think that the china is really hits the pandemic crisis because most of the time it is the other country at the first place even in the china starts the virus they have the most cured people and after that it is spreading the really hits hard is the United States and after that is the Korea and the Europe and still there is no active anti virus or vaccine but still we are hoping they are now immediately make a cure because it is really hits hard the market and many people getting affected and also the stock market does not make a good trading to mske more earnings.

Indeed. The country who will be affected the most by the corona virus is the U.S. because they have the highest number of virus cases all over the world that they already passed the number of cases in China and Italy, that is why they are having a hard time dealing and handling this virus that their economy is rapidly going down. I also think that every country is really having a hard time fighting this virus because it really takes a lot of time for an infected person to recover from the virus.

For me it is the US who will suffer more in this pandemic, news are reporting about how the US handle this virus and they said that they are really having a hard time to fight this virus. Although US is a first world country, and a large country with a good state of economy, their stock market is really affected by this virus. According to the news, the New York city is having a hard time to assist its patients so that they will recover from this virus. They said that they are lacking of equipment and manpower as doctors are also getting the virus while taking care of patients. The stock market is down and the people are still panic buying just to survive the quarantine. Until now, we have no idea when this virus will end and it is hard to accept that there are lives that have been loss.

In my opinion all countries with high populated cities will suffer from this long term.
All developed nations will be forced to use their tax money to save lives, take credits from thier children. Those countries who were barely surviving with low income population and corrupted governments can turn into chaos.
So stock on some toilet paper, and hope that the vaccine will be found soon.

Then in this crisis, it showed, that the European has lost it's purpose, or not needed anymore, and it needs to break-up as soon as possible in my opinion. What's left? Nothing, unless you have the advantage like Germany.

We don't need to blame the government here, really. If they will be lifting the Enhanced Community Quarantine without clearing or containing the carriers, then that would mean more damage to the people and obviously to the economy of our country. It is hard but we need to hold on for the sake of our people and also of our country.

Wealthy travelers are more likely to be super spreaders, but it doesn't take many cases for the virus to take hold in any given locality. In almost every African country, it's now spreading at the community level. Cases are doubling every few days now. We've seen how quickly these things turn exponential. https://www.bbc.com/news/world-africa-52230991

Africa and Russia are poised to be the next epicenters of the pandemic over the next few weeks. https://www.nytimes.com/2020/04/10/world/europe/coronavirus-russia-moscow-putin.html

I am hoping the same, the poor countries will be heavily affected because they are not ready for this virus.
If the cases in the US which already rich to 500,000 will happen in poor country, I don't know what will happen but God have mercy, hopefully we will not see that happening.

If these poor countries had the same number of cases as in the rich ones, they would suffer the most, no doubt about that. But the thing is that rich countries are more affected by the virus because they have more people per capita who can afford travelling, and it's the travelers who spread the virus.

Hopefully, an effective treatment will be found before the virus reaches those poor regions.

Looking at the chart now it seems that USA and more on European countries are the Most affected now

US=420k infected 14k deaths

Spain=140k infected 14k deaths

Italy=130k infected 17k deaths.

If this continues then on those 3 countries will be the Answer among the rest though it is sad to see that there will be a country that may become Bankrupt after this Pandemic.

Those that are going to suffer the most, which I know that they are already suffering, are the poorest countries. First countries that are going to go bankrupt: the first one I’m going to start with is Niger. Niger is the poorest country in the world due to several reasons and they are probably going to the be the first to start going bankrupt, if they have not gone bankrupt already.

The next country that will quickly follow the lead is Central African Republic, and the rest are South Sudan, Chad, Burundi, Sierra Leone, Burkina Faso and Mali. These countries I have listed are in extreme poverty and are really suffering, and they are the ones that are going to be affected.

Well I guess what ever your country is, first world or third world, every nation is in dilemma. Just look at USA now, they become the epicenter after hitting the highest covid cases with over 450,000 now and is seriously having hard time to cure the virus, it's been 5 months yet we haven't found the vaccine but I think we are near in seeing the vaccine as we have a high rate of recovered patients.

Don't expect that the number of days of quarantine will just be it especially with health problems like this coz unlike the other problems it is hard to sustain so don't blame your government for extending it, that is just for every one to be safe. As for economic status of one's nation, I guess there will be a massive pull down from every country especially on those hardly destructed.

Our country belongs to a third world country and it's now in dilemma. Our government has extended the enhanced community quarantine and one of the problems that we have to face is our economic situation right now. The government can't sustain our necessities and our funds are not enough to fulfill the country's needs while we're quarantined. Our economic situation has been dropping down. I just wish that things will get better for us before we lose everything.