Topic: The Corona Pandemic economic guessing game - page 5. (Read 1167 times)

The USA has a very difficult situation with a large number of people infected with Covid19 and the number of deaths. Recovery will be longer for the country, in addition to that, we still do not have a cure for the virus.
As long as Covid19 is not controlled it will be threatening global health and the result of an economic recession.

This is a problem not only for the entire state or government, but in particular for each person.  The most important thing is that each person should realize his responsibility for himself, his family and for those around him.  The only and most important thing that every person should remember is that viruses do not have their own personal transport for transporting infection to other people, because we are this transport, it is people who transfer the virus to each other.

That is the local government must be able to make extra stronger in dealing with a pandemic like this and indeed every country must have the same problem, but for Italy, the burden is really heavy so this problem is almost shocking the world.
This virus originated from China but China is able to cope well even there are rumors they will open their cities again to their activities as usual and therefore I hope other countries will experience the same thing by continuing to fight the corona virus is able to handle its way out.

Italy had been hit hard on this pandemic. Their mortaility rate is high and it gets higher as day goes by. Even medical professionals are starting to give up on this fight. What made this difficult is there is no other country who can lend a hand since everyone has their own battle to fight. Let's hope that their front liners will stay strong along with their leaders.

I completely agree that the United States is the richest country in the world, which has the greatest potential to fight the virus, because it has enough resources and funding.  I believe that the United States always ranks first in terms of capabilities, compared to other countries in the world.  Nevertheless, to date, according to official statements by the authorities in the United States, there are almost 300,000 infected people and already about 8,000 dead.  I believe that such a large degree of spread of the virus was achieved due to the fact that certain measures were not introduced in time to prevent the spread of the virus in the country.

    Italy has the most numbers of infected and i think this may be one of the first to become bankrupt.Although it's difficult to predict if which country will be the first to go bankrupt but i think except for the country with many infected,I also think those country with very low economies,because this pandemic problem has a huge impact to our economy.

this is sometimes a dilemma. on one hand they have to do economic security, on the other hand they have to save their citizens. a different story if the outbreak was found its source, so that it can be quarantined in the region. but if it is comprehensive in one country, it will become a serious problem

Regardless of whether it is strong or weak due to this virus, many states have been damaged and will continue to see it. It is not easy to create or cause the collapse of a country, even if it is the states of the country in question, but the current administrations may lose their authority because they are exposed to this virus. Maybe there will be an optimistic guess, but I think that no country will come to the brink of bankruptcy in this process because the central banks of many countries have started to issue money as a temporary solution and aid packages have been received from institutions such as the IMF. Yes, the IMF may not be a good choice, but it should be kept in mind that it is a saving option for many countries. For this reason, 82 countries applied to this institution and also benefited from the support package for this process. Therefore, it is not very logical to wait for the collapse of a state, especially in the short term, in such an environment with so many options and possibilities, but if you want to comment on the long-term process, everything will change. I think that the whole world will pay a heavy economic price in the long-term period if all the countries are printing money, they are making serious borrowings due to this virus and the costs created by this virus.

Now, 9 days later, we can see that you were right about the number of cases in the USA. Indeed, the number, 277k, is the largest in the world. Only it's followed not by Italy and China, but by Italy and Spain.

But take into account that the total number of tests made is the largest in the USA, 1.4 million. And that's what is crucial, imo. South Korea, a country that is coping with the problem of COVID-19 best of all so far, made 455k tests(2 times more than in the USA per capita).

In short, the situation in the USA is far from being the worst in the world. And it can't be otherwise because there is a lot of resources to fight the the virus there.

When the Coronavirus started the most affected country is China because it is the epicenter of the virus, but as the virus spreads throughout the world the most affected countries for now is Italy because it is the highest rate of deaths. Many businesses in Italy are forced to shut down temporarily because of the pandemic virus. That’s why the Italian government are now asking for help in other countries because there are lot of people who are in critical condition.

With such a rapid spread of the virus, there was no other option but to close the borders. Each country in Europe still has an independent government that can react in times of crisis. Each country also has its own health service, which does not mean that countries do not help each other. As far as I know, German hospitals near the French border are open to French citizens. Each country is most worried about its citizens, but no one is insensitive to what is happening in neighboring countries.

About French - Geerman cooperation: https://www.nytimes.com/aponline/2020/03/24/world/europe/ap-eu-virus-outbreak-eastern-france.html

In a crisis, things always eventually devolve into self-interested behavior.

We're also seeing the beginnings of hoarding in the food supply chain, with multiple countries cutting off food exports to hedge against further disaster. Kazakhstan and Vietnam have moved to stop the export of key staples, with Russia threatening to do the same: https://www.theguardian.com/global-development/2020/mar/26/coronavirus-measures-could-cause-global-food-shortage-un-warns

Things are fine for now but experts are warning the food supply chain could break down within weeks in a worst case scenario. That would hit places with high food import costs like the UK especially hard.

What is the Germany dominated European Union doing for Italy, and Spain? It has failed. My friends told me that Germany is HODLING masks, and other protective equipment.

Corona is a pandemic game of decadent economic speculation and has become a worldwide phenomenon. But it won't last long In many countries the number of people affected has decreased China is almost out of control.

The issue with Italy and US is about cases and death. Italy still has the highest rate of death with 10,000 plus while US has 2,000 plus in death and over hundred thousand in cases. But basically I think we are going to more progress in the number of survivals as China and few other European countries are getting curtailed.

So this means Italy would struggle more because they are next to US in terms of number of cases, I was surprise that there are more talks about Italy's situation that they are hopeless than in US that now US took the number 1 spot of the most infected people in a country.

I didn't know that Spain wasn't affected more than others, I thought they were hit a lot more than others before this current pandemic. With this pandemic I learned so much from the "spanish flu" thing, it looks like there was political things went on back then as well, hopefully we will get a better understanding of what calling these flu's with names of nations could do and how it could hurt people this time around, looks like Trump is insisting on calling it "Chinese flu" and that is racist, china could be as wrong as it gets in everything, but you can't do that diplomatically.

Let’s hope that history will not repeat itself, things looking like its settling down a bit and we are looking a bit better, if we can keep it under control like this in long enough time we will definitely end this before summer.

The Corona Virus is not only attacking humans but also impacting the world economy. Obviously this virus first hit the Chinese economy immediately. The spread of this virus is growing and in Europe as Italy is impacted by the tremendous impact. The latest American news also began to struggle to cope with the Corona spreading virus. I think another country with a difficult economy will increasingly have difficulty if this virus enters in a small country.

Businessmen? Politicians? Rich people? I don't think so.

These people you are stating have the power to be the first ones to be tested. In our country, those politicians are the first ones on the line being tested and not even prioritizing the people that are already positive to the virus. These people are sacrificing their people for their own good, because of them being prioritized, test kits are being short now for those people that needed it.

somebody forgot to tell the stock market. the USA hit record high unemployment numbers, and officially is the new "epicenter" of the coronavirus pandemic, yet the DOW is up 20% and running! the wall street journal has even declared the bear market over if you can believe it. https://twitter.com/WSJ/status/1243267094852055041

to be fair, china probably has way more cases than the USA. it's pretty well accepted that china's propaganda apparatus can't be trusted. preliminary evidence suggests china is actively suppressing reporting of new cases. wechat, weibo, and other platforms are also actively censoring public discussion of the pandemic and medical supply shortages.

https://www.vice.com/en_us/article/3a8evk/china-says-it-has-no-new-coronavirus-cases-skeptics-say-thats-too-good-to-be-true
https://www.npr.org/sections/goatsandsoda/2020/02/08/803766743/critics-say-china-has-suppressed-and-censored-information-in-coronavirus-outbrea