Covid-19 effect on your country's economy!!!

[DabsPoorVersion]

Covid-19 pandemic is a huge blow to our economy. All of us from different countries are affected, nothing exempted. In my own country the big effect of this pandemic is unemployment, some of other establishments are closed until now public utility vehicle are still not returning to their trip. Most of the drivers were hungry they even begging for alms on the street.The case continues to increase,but still people need to find income to survive that's why they need to go outside of their house to find money for their families.

That is just the worst right now.

The economy is crumbling down because of the works being shut down. People can't really do anything about it since it is also for their safety. Some can provide for themselves, most can't. That is why the government stepped up for that but still, it is not enough. Right now, economies are slowly healing but still, the cases are still increasing. If we will not be risking ourselves to go to work, we can't provide for our family so we really need to gamble for it. It is also a way to help the country so its two birds in one stone.

The pandemic does still exist so i doubt healing have already began especially on us. Some countries request for a loan and until now, no action seen to support the citizens on our country. There are many people suffer on this health crisis and the effort spent on ECQ was became a waste, it just slowed the economy.

Even in our country, we are really affected and it is too far for the economy to heal,

The government is more focus on other things even if it is not really important. They always prioritize the unnecessary things than give their time and effort for the sake of their people. We feel like we wasted our life staying inside our houses because of this ECQ.

[Ozero]

Of course, the coronavirus pandemic significantly weakened the economies of all states without exception. The world is indeed on the verge of a very tough global economic crisis. In addition, we are again being urged to be ready for the next wave of increasing growth in the number of patients with coronavirus and the possible need to return to strict quarantine measures. Governments are no longer trying to introduce them, given the significant deterioration in the material security of people, many of whom lost their jobs precisely because of quarantine measures. However, it is predicted that coronavirus will also quickly disappear as it appeared. Even if we go through the global economic crisis, in the end it will lead to a recovery in the global economy and the cleansing of paths for further development.

[Serco]

ofcourse covid19 has negative impact to our economy, personally my income from regular job as business owner decrease alot on this pandemic . people prefer to stay at home to avoid corona virus and it will decrease their personal spending. they will carefully manage monthly spending , and it will have direct impact to national economy growth.

[Barbut]

ofcourse covid19 has negative impact to our economy, personally my income from regular job as business owner decrease alot on this pandemic . people prefer to stay at home to avoid corona virus and it will decrease their personal spending. they will carefully manage monthly spending , and it will have direct impact to national economy growth.

That negative impact can be felt everywhere! The poor ones are hurt more than others, it's what happens in every crisis. What's the biggest problem now is that nothing is over, and new problems are coming. This year is already hard for many people, and now we need to be smarter than ever because I think the worst is still not behind us, we need to prepare for bad times!

[South Park]

While true this can have devastating effects on the economy, as you say most services that have to deal with purchases online are going through a boom and while this is good for them many brick and mortar business are suffering and it is precisely on those businesses where most of the jobs are generated, this means that if this does not change we are bound to see mass unemployment during the next years and this could create social instability which is never good for a country.

It has been almost two weeks since the economy in my country reopened even though the number of sufferers is still high at around 1,300 people per day. Offices have also begun to reopen, July is a new school year. According to my wife, many parents of students who find it difficult to pay the re-registration fee, many are victims of layoffs even the most affected are the middle and upper-middle class. Salary deductions make them have to adjust budged expenses, especially if the largest amount has to be posted to pay installments on a house or vehicle.

One of the medium banks in my country has reportedly experienced liquidity problems because customers are required to inform two days before withdrawing funds above USD 750. If in 34 months the pandemic can shake up small banks, there are fears that the pandemic and lockdown will continue a long time it will spread to other banks and are systemic.

What is clear is that businesses that weaken and die are small and medium businesses that are conventional in nature and do not use technology as a buffer for their business. The small and medium business sector integrated with technology has increased its profits. I had time to think about whether people really experience economic problems if they can still buy tertiary needs. Or many people who only rely on savings or they are really experiencing stress with lockdown so looking for diversion by shopping.

The same is happening in my country and I do not see why it would be different anywhere else, most businesses simply cannot stand being closed down for months, and even if the economy is opened slowly now their costs have gone up while their profits have gone down as people have lost their jobs and they are taking better care of their money even if they still have them just in case they are the next ones to lose their jobs.

If there is a second wave of the pandemic and governments are forced to close the economy once again it is possible the number of unemployed people and bankrupted business could go up exponentially and this could begin to affect banks and put the whole economy system at risk.

[apaben]

ofcourse covid19 has negative impact to our economy, personally my income from regular job as business owner decrease alot on this pandemic . people prefer to stay at home to avoid corona virus and it will decrease their personal spending. they will carefully manage monthly spending , and it will have direct impact to national economy growth.

in times of disaster like this all people suffer from fear co-19 together. the world is currently being hit by a huge economic crisis. almost everyone cannot do activities because of a pandemic.the government also made various efforts to control this crisis so that it would not be too severe in the country so as not to fall too deeply into its economy ...?

[$crypto$]

The same is happening in my country and I do not see why it would be different anywhere else, most businesses simply cannot stand being closed down for months, and even if the economy is opened slowly now their costs have gone up while their profits have gone down as people have lost their jobs and they are taking better care of their money even if they still have them just in case they are the next ones to lose their jobs.

If there is a second wave of the pandemic and governments are forced to close the economy once again it is possible the number of unemployed people and bankrupted business could go up exponentially and this could begin to affect banks and put the whole economy system at risk.

Since the spread of Covid-19 significantly, many companies and shops that close workers have been stopped because of the lack of economy in their companies so they have to take action like this and many unemployed people who have been laid off from work should be able to save money as much as possible then from that we will experience prolonged difficulties at this time.

After the first phase of recovery has begun but still the risk is still you and the economy has not fully recovered if the second wave comes the same way I think it is difficult for us to do the government will continue to close the economy and will only be running a part of the basic commodities so this is indeed difficult for us to predict in the near future.

[Kong Hey Pakboy]

Since many people temporarily lose their jobs and a lot of businesses were closed due to the pandemic, the economy of a country has started to go down. I see in the news that my country's economy is stable and growing, but the truth is my country has huge debts in other countries so that our government could provide our country's needs.

[TitanGEL]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

[inoes]

Average economic conditions are indeed ™not good". for example in Indonesia, many factories are closed so that production is not running. employees become unemployed and the factory goes bankrupt. some can produce something but the market is bad so it is very difficult to get profits. what was worse was the canteens at the school, they could not sell because the school was closed.
I just hope the government finds a solution to this problem soon.

[Heart18]

I can say that the Government here in my country,  don't take Covid-19 so seriously from the start. That's because,  we dont really think, that all this strange things and severe crisis will come.
And for my Country who has only a limited resources in all sectors, we are really not prepared to deal with all the health problems and losses in terms of lives, jobs, businesses and other life necessities. Its really hard that a lot now are starving and got so depressed with the current situation and the Government cannot  provide everything. And the worst now, as the positive cases and deaths arises each day, domestic violence also occured each time.
So sad to think that the Country Leader is doing his best to help the people and keep us safe at the same time, but some Government officials are so corrupt that the financial aid and other relief assistance for the people are lessened for their own interest and could not reach to the needy. That's really a serious issue here - CORRUPTION.
I am satisfied with the way our President handled this crisis, that he even borrowed money from the World Bank just to give an aid to everyone in any ways he could.

[super bako]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

it won't last forever as unemployment increases, I think there will be a new life after the pandemic is gone, this is just a temporary cycle because of the pandemic ....
And of course the country has debt is a natural thing because all the needs of the state are not a small budget, but every country needs a large budget ...?

[Spaffin]

It is very bad when the government manipulates information and abuses the restriction of human rights and freedoms. The fact is that the government in certain situations weakens quarantine conditions, but these exemptions apply only to expensive restaurants, bars and cafes, where people can drink alcohol and various entertainment centers, where the owners are relatives of officials. but at the same time it does not allow others to work, such as a gym, which is important for supporting the health of the country's population. at the same time, law enforcement agencies go beyond what is permitted and I observe such problems in many countries when ordinary people suffer from illegal actions. I believe that the economic crisis that has affected almost every person can revolt the people.

[Schaeferness]

All the economies of the world have been affected, directly or indirectly, all the plans put in place by the governments have been frozen or postponed for the coming years.
I cannot describe the economic situation because it did not change or cause harm, the world is changing around us, and we must do our utmost to try to restore conditions to what they were at the beginning of this year.
It is a disastrous year and a lot of bad things have happened in these past days.

[matchi2011]

Average economic conditions are indeed ™not good". for example in Indonesia, many factories are closed so that production is not running. employees become unemployed and the factory goes bankrupt.

The side effects that will reflect to the country's economy, just like a domino effects that will continue while this virus still spreading.

some can produce something but the market is bad so it is very difficult to get profits. what was worse was the canteens at the school, they could not sell because the school was closed.

Genrally, all those who are leaning with people those business are really affected, though there's online selling but ain't enough to sustained the business.

I just hope the government finds a solution to this problem soon.

Vaccine is the only solution without it this problem will continue and be much worser.

[abhiseshakana]

The same is happening in my country and I do not see why it would be different anywhere else, most businesses simply cannot stand being closed down for months, and even if the economy is opened slowly now their costs have gone up while their profits have gone down as people have lost their jobs and they are taking better care of their money even if they still have them just in case they are the next ones to lose their jobs.

If there is a second wave of the pandemic and governments are forced to close the economy once again it is possible the number of unemployed people and bankrupted business could go up exponentially and this could begin to affect banks and put the whole economy system at risk.

1. Have a trade surplus
2. Has a large foreign exchange reserves in the form of gold
3. Having large foreign exchange reserves in the form of currency as savings
4. Have a large foreign debt
5. Has dependence on imports

Countries that have 1, 2.3 and do not have 4 & 5 are the countries that will survive the corona pandemic the longest if, because they have a large multistreaming income and savings, especially if their economy is growing, they implement a tightening policy so that when the economy is slowing them down can take counter cycle policies.

The country that raises the white flag the fastest is the country which has 4 & 5 but does not have 1,2,3. Because they have a high dependency on the dollar to finance imports and pay off foreign debt. Especially if the government policy had already been tightened due to the economic slowdown, as a result of the trade war, the government's money was narrower.

Some countries have magic tricks and experience to print money which certainly makes a country has high endurance.

[Barnabe]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

The government cannot control the whole economy, so they cannot do much against the economical damage of a pandemic. They will take some action (trying to boost the economy by various means), but the real economic situation will always determine the people's day-to-day life.

[jademaxsuy]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

The government cannot control the whole economy, so they cannot do much against the economical damage of a pandemic. They will take some action (trying to boost the economy by various means), but the real economic situation will always determine the people's day-to-day life.

Third world country had made struggle before in growing the economy even without the pandemic. Now that we are in pamdemic, it just make worst. However, there are certain countries could still manage to overcome and grow their economy just like china and other rich country. It would be easier for them to recover their loss after lending money to those who are in need nowadays. Through giving debts having with the interest this may manage to recover their losses now due to pandemic. Which means that in the long run it could be China and other rich country lending money would relatively easy and fast for them to recover.

[Negotiation]

The impact of Covid-19 on the economy of our country has been swallowed by the coronavirus almost half of the world. This deadly disease has taken away lives, has ruined public life. Therefore the International Monetary Fund has stated that the Corona epidemic will affect the economic growth of the world. However, in the midst of this adversity the International Monetary Fund (IMF) has assured that the news of hope will change the situation along with the economic slowdown.

Kristalina Georgieva managing director of the International Monetary Fund said We expect a few per cent loss, but we expect a 0.1-0.2 per cent gain. She said this at the Global Women's Forum in Dubai.

[South Park]

Since many people temporarily lose their jobs and a lot of businesses were closed due to the pandemic, the economy of a country has started to go down. I see in the news that my country's economy is stable and growing, but the truth is my country has huge debts in other countries so that our government could provide our country's needs.

Unfortunately for many people they have lost their jobs permanently as the business in which they worked disappeared and those that remain will probably begin to fire people as they are not generating as many profits as before, and while many are acting as if the pandemic is over the sad reality is that we have not seen the worst effects of the pandemic yet, once the second wave of the pandemic comes on the winter and we must face the pandemic plus other similar diseases the healthcare infrastructure will be put to test and if it is surpassed we are bound to see an increase in the lethality of the virus to the point that governments may be forced to close down the economy once again.