Topic: What's the real situation in your country? (covid-19, jobs, inflation, economic) (Read 495 times)

Talking about Nigeria, Nigeria is already facing serious fiscal problems, with its rising budget deficit, debt and shrinking revenue. However, it was reported that the country's fiscal position worsened in the first four months of the year as the cost of repaying debt surpassed the government's revenue in the first quarter of 2022. Nigeria seems finished with her crooked government.

Covid 19 restrictions have reduced tremendously which was expected, and people are socializing more as compared to a few months ago, as for inflation let's just say here the numbers have gone slightly down but the situation would have been better had it not been for the Russia-Ukraine war which doesn't look like it will be ending any time soon seeing that Ukraine is being supplied with new gear like war droves to defend itself!

In a nutshell, we are better than yesterday!

If we talk about Pakistan, Corona could not wreak havoc here. There are many reasons for this. If you ask the government, it says that it is the result of our timely measures. And the same is true of the World Health Organization. According to doctors, the respiratory system of Pakistanis is better than that of the people of the United States and European countries.  The rate of education in Pakistan is very low and Corona also brought with him many conspiracy theories which became popular among the general public such as if going to the hospital is confirmed to death or Corona is a lie. There was a lot of misunderstanding among the people that the majority did not care about the SOPs. The government used to run things like shutting down businesses, stopping events, and implementing SOPs in public and private institutions, but people continued to meet and go to each other's homes, So I don't think it was the government's success.
Vaccination was in full swing in Corona's time, but no one seems to be talking about it now, although not enough people have been vaccinated yet.  When it comes to the economy, rising oil prices and the closure of some industries have caused a lot of problems and many people have lost their jobs.
Especially Pakistanis living abroad because which our country runs because the inflow of dollars from abroad had decreased but at the same time where all other industries were closed, IT and textile industries supported the economy through their exports.

I know that this thread is old enough to state my view from the construction of the text but nevertheless i will render what is obtainable, we have what is environment determination and at this time the force of covid19 is not really active and their is job opportunities affect the effective time of coronavirus because of death rate

Covid-19 has been a total joke in my county, I mean one of the best way the government are using to embezzled money while jobs rate keeps rising and inflation keeps piling up. In short, the economy in my country is terribly bad. My big thanks to crypto though.

I'm commenting on this topic again to share with you the situation in the country I live in.

Anyway... unfortunately, we are experiencing great inflation in the country.
The Central Bank raised the interest rate in the country, (I believe it was a significant increase), as the government is trying to keep inflation in the country.
With this, several investors are getting rid of some variable income investments with the objective of migrating to fixed income investments, as there was an increase in the interest rate.

I almost forget, fuel is very expensive around here. Not to mention the cases we are having of COVID-19 with the Delta and Omicron variants.

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I have a question and I would like to know if someone could help me, informing me about the USA.

I'm trying to follow the stimulus check news, but unfortunately I haven't been able to get precise information on this subject.

Will the american people really get the Fourth Stimulus Check? Has the Senate already approved?

Ohh, another question... I would like to know what will be the origin of the money from this stimulus check? Will the Federal Reserve create (print) more money? Or probably the origin of this money will come from tax increases!!? Could someone help me with this question?

Thank you so much! 

The covid-19 epidemic is under control here in Pakistan Except in a few big cities like Karachi, Lahore. In all five provinces Sind,Punjab, Balochistan, Gilgit Baltistan, and Azad Kashmir, the condition is under control. The vaccination process is also going on. Although someone has suffered in covid-19. But most of them recovered. The hospital's condition here is satisfactory and under control. I pray to God that he rid of the whole humanity from this disease.

I really don't know how to answer your question and I can't find any correlation to that either.
I know Germany had a severe flood a few days ago.

In the country where I live, a portion of the population is already vaccinated (some already with the second dose), the economy is slowly growing, and the central bank has already raised interest rates to control inflation in the country

For me it is questionable that in the last 2 years about 15 hospitals in Germany have closed and in Switzerland the Paracelsus Hospital has to close, other Zurich clinics are in severe turbulence - and that in the middle of the Corona crisis. What's going on there?

Thank you for this informations!

As I said before, I'm from Brazil, and here the things are getting better (even if slowly)

The population is already being vaccinated, including the 2nd dose, we have a little bit unemployment and we still have several stopped events, weddings, bars, parties, beaches and others.
companies in general are working, but partially.

What worries us is the variant we are having in the country and it is spreading.

I'm doing some research on the possible 4th stimulus payment in USA, which I think will be around $2,000.

If this really happens again, the USA prints money and gives it to the population as help, they will further inflate the market, for exemplo, food, stock market, sp500 and even cryptocurrencies (it is still necessary to analyze others variables).

But I think according to the Fed, it will only raise the interest rate in 2023!

They are putting gasoline on fire!!!

Covid sufferers continue to grow, job vacancies are scarce and the national debt ratio is increasing...

I live in Indonesia and the condition of my country is as I said above but it's still under the control of the government. Besides that, there are still many people here who don't believe in vaccines even though it's good for creating global immunity so that conditions get a little better.

Yes, at this point I totally agree with you, in the current scenario the government is not giving free money to the population, but they are offering loans at very low interest rates in order to heat up the economy. Even in the country where I live, several banks are offering loans and several houses are being built.

One point I would like to share is that, the crisis initially caused by COVID-19, I think it will be (this is being) much worse in the subprime crisis we had in 2008.

For the simple reason, the governments printed money and gave it to the population for free through stimulus checks, while in 2008, the government facilitated loans for people with not very good credit (subprime), but in theory anyway the government was going to collect the mortgage money, which they didn't.

I read some news, the US will offer fourth stimulus check and Fed will not raise interest rates.

If this really happens, it will inflate the economy, they will have great chances of encouraging the population not to go back to work and living with stimulus checks

SP500 breaking record, several stocks of companies are appreciating a lot, and the economy is "stop", it doesn't make sense!!

Depending of the origin of the stimulus checks money and the amount of money printed, you can be sure that there will be great chances for the SP500, crypto and others assets to appreciate, but with an artificial growth

This is crazy, I'm very worried about it.

Its simply the economic reset and government wants to reduce the purchase value of currency by taking the advantage of Covid pandemic. First of all no government is giving free money because the loans should be repaid by every borrower but government made this money from nowhere and floated it into the economy as temporary solution to pause the serious economy crisis.

Not the Government, but the banks are literally giving money for free (the interest for mortgages is only at 1.5%) and up to 90% of the value of the house (and I'm sure that more in certain cases). Add vulture funds and this, linked with inflation, is killing the savers.

Same mistake happened in 2008 after years of speculative bubble; let's see how it ends this time.

Hmmmm, very interesting what you said, thank you so much for this info @Porfirii

Can you tell me if the government of Spain is giving credit to the population with great ease?
If the government is offering credit more easily, this may be one of the reasons why homes in Spain was increased.
If electricity prices have gone up, chances are it will inflate the economy.

I am not an expert and of course what I said is not assertive, but there may be some correlation.

Well, in the country where I live, fortunately the vaccinations day after day, we are advancing and having an improvement.
But a point that alarmed us and that made us worried is that young people between 20~40 years old began to die easily, with an increase in the number of deaths in this age group, but that currently this number has decreased.

One topic I would like to know is if there will be a 4th round of stimulus check in the US, I read some news on the internet that there might even be a 5th round, but I don't know if this is true or if it's just rumors.
But, what I researched, the North American Congress does not intend to support this type of attitude, I don't know if this is true, anyway...

Well, I can talk about Spain but, as far as I don't follow the mass media news my criteria may be slightly unbiased .

Covid-19: vaccinations are escalating quickly and yesterday the rules changed and it is not mandatory to wear mask in the outside anymore (if you can respect 1.5m of security distance).

Jobs: unemployment here is historically higher than in the average of the EU and the Covid did a lot of harm here too, but I guess we are recovering now, specially taking into account that in Spain it is summer now and many people live from the tourism.

Inflation: not evident in many products, but we are paying right now the highest price for the electricity in the country's history, and houses are appreciating quickly too, in part due to the recall of the confinement: even if many people are still unemployed and can't afford to buy a house, sellers are increasing the price a lot (in part, because it seems that vulture funds control the market).

Economic: the country is heavily in debt, but which one is not? And no stimulus check here, but if you work in a heavily affected area of the economy (hostelry for example) and had to close your business due to covid, you get financial aid.

Hello guys, how are you?

So I'm creating this topic to know about the situation in the countries where you live.
I've been studying and analyzing the market behavior, inflation and other indicators.

Here in Brazil, there is a lot of inflation occurring after the pandemic, there are several cases of covid in the country and we have already surpassed 500 thousand dead.
We are having a little unemployment, but it is not very high, but that is worrying.
Regarding vaccination, we are progressing, slowly but vaccinating the population.

And in your country? What's going on? USA, Europe, Japan?

Is it true that Biden will offer Fourth Stimulus Checks in USA? Do you know approximately the total amount? $1 trillion? $2 trillion?

What about inflation and unemployment in USA, Europe and others countries?

Thank you so much for your attention and informations.

regards
gagux123