What brings economy of a country down.

[Alert31]

I think the primary reason why economy going down because of corruption. Next is because of unexpected pandemic like Covid19 virus that caused a worst effect to our economy and to the life of everyone.

[Yatsan]

There are lots of things to consider to track down why the economy of a country is falling or going down. This pandemic for example is one of those that affects the economy of a country because even with this single reason, all the sectors concern to the growth and development of the country's economy is seriously affected that is why we have seen many countries have experience a serious dip down on their economic status all because of this pandemic.

Natural disasters can also be the one because it not just affect the natural resources of the country where raw materials use for products are being destroyed, but the lives of the people are also being affected because most of the time it costs life and destruction of properties which affects the capacity of the people to be productive.

Bad Governance can also be stated to be a contributing factor because with this, corruption is associated that instead of making the economy grow, it drags down the economy for the reason that only the government is benefiting on what success and fruitfulness must the country acquire.

Failure to resolve those problems can track down why the economy of a certain country do experience downfall and if not acted or responded accordingly can still branch out more problems to arise.

[erikoy]

Inflation rate due to many reasons. One of the reason is due to priniting a lot of fiat money. The valuen of fiat depend on the asset, resources and the economy itself to which sum up with a  value of that certain country and then divide among thr number of fiat money. The more fiat money they produce the lesser value or capacity of that money to exchange for goods and services just like China.  China now is one of the richest country yet the value of their money is not that much worth. Due to the high number of fiat currency being printed.

[Ronaldcoin2017]

There are so many factors that can bring  the economy down, one of them is the pandemic,every country is affected of the pandemic, gross domestic product, taxes, the people that always asking for help on government there is nothing we can do we cannot go to work, so the country's economy will expected to fall down because the government needs secure life than funds.We cannot feel the financial problem this time maybe we can feel it next year.

[Rono]

Economy has the main power of the country.It depends on Country’s   Situation.There are many countries who are undergone the various difficulties such as business, products management,Industrial product  everything are shut down.Small level of businessman are couldn’t run their busines. Everything was Totally Changed due to covid -19.My country government banks and reserved banks, central banks their capital was already blank.

[The cure]

The main factor today why economies in every country are down is because of this pandemic, everyone is affected in different sectors. But before this disaster happened, one of the main reason why economy of a country down is because of corrupting officials they pocket the budgets that should go to the projects that may develop their country. And secondly unemployment of their citizens.

[n0ne]

The economy of a country is questionable when it can't fulfill its need. Even the grown countries or the first world countries have this issue, but those weren't revealed to the outer world. The economy mainly depends upon the import and export. Particularly more the export happening more will be the growth. This means more external money flow comes into the country.

[bryant.coleman]

Inflation rate due to many reasons. One of the reason is due to priniting a lot of fiat money. The valuen of fiat depend on the asset, resources and the economy itself to which sum up with a  value of that certain country and then divide among thr number of fiat money. The more fiat money they produce the lesser value or capacity of that money to exchange for goods and services just like China.  China now is one of the richest country yet the value of their money is not that much worth. Due to the high number of fiat currency being printed.

During the last 1-2 decades, the governments around the world have become more and more populist. As a result, they have increased the level of welfare/pension payments and in turn these measures have created a lot of strain on the economy. As you have pointed out, inflation has resulted from the uncontrolled printing of banknotes. During the 2008-09 recession, Ben Bernanke ordered the Federal Reserve to print trillions of USD worth of banknotes. Other countries around the world have also made similar decisions, both in the past and the present.

[coinfinger]

Economy of some country has fall due to they channel their economy one side,what brings economy down is base on focusing on one particular thing not be diversified in different sectors, so when that particular product fails to trend in market the way it's before such country will be shortage of economy and the life of the people will be in danger base on things is moving wrongly to the country.
And the way a country can be free from falling of economy is to spread their economy or diversified economy so that when one of sector shutdown another will pick up.

That is not really how it works else the government officials would have already thought about it. Every country has its own specialty or a supply of something that keeps the trade market alive and its economy on the feet.

For example: Dubai has high supply of crude oil which boosts its economy, India has highest number of pharmaceutical companies and produces 60% of the world’s medicines and vaccines. Diversification works if your country has more than one thing to offer and that also has certain limitations. Economy is a much complicated subject than most of the people believe it to be.

[abhiseshakana]

That is not really how it works else the government officials would have already thought about it. Every country has its own specialty or a supply of something that keeps the trade market alive and its economy on the feet.

For example: Dubai has high supply of crude oil which boosts its economy, India has highest number of pharmaceutical companies and produces 60% of the world’s medicines and vaccines. Diversification works if your country has more than one thing to offer and that also has certain limitations. Economy is a much complicated subject than most of the people believe it to be.

It means that the high level of interdependence is the cause of the decline in the national economy of a country. The practice of colonialism and exploitation still exists today but in different ways and invisible forms. Many countries undertake large-scale development even though economic growth is artificial because real money spins in other countries or the owner of natural resources gets a very small portion compared to investors who have the means to process natural resources provided also to protect nature and guarantees in the country being explored.

[Leviathan.007]

There are many reasons why the economy power of the country fall down.
- The power of political relations and the strength of trade relations is the reason why a country is able or unable to sell/buy products to other nations and get profit over it. Here economic sanctions will do negative effect on this part by economic isolation of the nation.
- Unemployment rate
- Not having enough production rate
- Outflow of currency
- Printing money
- Inflation rate
In the end the main and general reason is the 'poor economic management' by the governments caused the factors I named above.

[Salauddin1994]

The economy usually goes down for many reasons, but in a country where there is a crisis of good governance, corruption, environmental catastrophes, lack of freedom of expression all these indicators are globally high growth on the one hand and high corruption on the other. But it is not possible if the government of the country controls everything properly. To improve the economy we need to reduce all this and spend more on manufacturing.

[Chrystora123]

corruption is indeed one of the causes of a country's economic down but it will only cause fatal collapse if done en masse..  from what I've read, this is the main cause of a country's economy down;

1. Stock market crash
The stock market is composed of stocks that investors own in public companies. Changes in shareholdings can be a reflection of how an economy is doing. When the stock market crashes, it can be an indication of investors’ declining confidence in the economy.

2. Decrease in manufacturing orders
A business flourishes on the demand for its products and services. When manufacturing orders reflect a decline, especially for an extended period of time, it can lead to a recession and worse, to an economic depression.

3. Control of prices and wages
Price controls happened once during the term of former U.S. President Richard Nixon when prices kept going higher. Also, when wages are controlled by the government and companies are not allowed to lower them, businesses may be forced to lay off employees to survive.

4. Deflation
Deflation is basically the lowering of consumer prices over time. It may seem like a good thing because people can now afford to buy more commodities but underneath it is the fact that prices are lowered because of a decline in demand, too.

5. Oil price hikes
How oil price hikes can cause a ripple effect on almost everything in the market is common knowledge. When it happens, consumers lose their purchasing power, which can lead to a decline in demand.

6. Loss of consumer confidence
When consumers are no longer confident in the economy, they will alter their spending habits and eventually reduce the demand for goods and services.

source

[NotATether]

I agree that some countries like Dubai have their economy in check because of the natural oil reserves it has.

It depends on if they are able to sell their oil. If they can only export their oil and oil products at cheap prices then they will have less cash at hand and that will hurt their economy. Also there have been occasions of oil-rich countries halting oil exports for political reasons and to hurt other countries, such as what OPEC did in 1973. They're probably able to survive doing this because of the surplus profit they made from exporting oil earlier in the past years.

[Sanugarid]

I agree that some countries like Dubai have their economy in check because of the natural oil reserves it has.

It depends on if they are able to sell their oil. If they can only export their oil and oil products at cheap prices then they will have less cash at hand and that will hurt their economy.

And why would they sell their oil in cheap prices? besides oil reserves count are getting low ( oil depletion ) this means so much to Venezuela coz they got the highest count of oil barrels in staggering 300 billion barrels, but as far as I see they aren't as good as Saudi Arabia in handling it. But even they sell their oil in cheap prices I think it will not be going to hurt their economy badly, this only means that they are getting more than enough. There are study says that the oil reserves would be double in the future as our technology advances, equipment use in oil exploration is widening. If a country sells their oil in cheap, expect that they are doing good in extracting oil, they just need a frequent customer. What really brings the country economy down is a global problem like this, second is the bad governance.

[NotATether]

And why would they sell their oil in cheap prices?

That would be necessary when there's an oil glut, when they produce too many barrels of oil and have no room to store it anywhere, so they become desperate to get rid of the excess oil at any price and that brings down the stock of oil. Oil prices did go negative a few months ago because coronavirus reduced the global demand of oil, so prices also fall when there's a sudden decease in demand for oil.

[FlightyPouch]

I think the primary reason why economy going down because of corruption. Next is because of unexpected pandemic like Covid19 virus that caused a worst effect to our economy and to the life of everyone.

Not all of the government can corrupt the money they have, some can't be noticed and the reason why their economy is in bad shape is because of the bad decisions they made. They focus on other things and when a natural disaster comes in like this pandemic, they don't have a budget to hold the country.

[romero121]

Lack of Consumer spending and Business investments were the one that is bringing down the economy of the country. Right now people doesn't have got money to spend, same is with the investments. To experience the same living atmosphere and economic development in the country as the days before pandemic won't happen in the near future.

[el kaka22]

You do not need a lot of resources to actually become a big and powerful nation, you need to make sure you use those resources correctly in order to be a good nation. Look at many nations in the world, if the government taxes were all 100% used properly and the agriculture, factories, companies were all helped out and people were given help if they are not doing well economically, do you really think that any nation would be bad?

I am telling you, find me the nation that is the worst in all of the world and living in so much poverty that they are basically the worst nation in the world to be in, and I can give you a perfect nation in 10 years, all you need to do is have a government that all works together for a better nation. Yet politicians all around world are crooks, that is why nations are so bad.

[inoes]

All due to the velocity of money inside / outside the country is not smooth, consequently the economy becomes hampered. lack of people's purchasing power according to their needs, lifestyle, and trends. the country cannot produce many variations of goods because it is related to geographical conditions and human resources. for example Vietnam is famous for its rice so it cannot be sued to producing petroleum like the east country. so the most prominent is the condition of the country's resources.