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

[tbterryboy]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

Well, my country was never really doing great so it didn't suddenly became a bad country, we were economically screwed to begin with and it just became even worse but at the same time the companies that were at the blink of bankruptcy and didn't paid their workers the right amount and abused worker laws etc etc all went under and bought by other people who were richer so there was a silver lining in the end.

If you are a company that ran away from paying taxes by showing excessive costs and no profits, government usually didn't do anything about it because there was tax coming in, with this pandemic government asked everyone to pay up and they had to pay not only the taxes but also the penalty for trying to screw the government for it as well. So there were some good things while the economy is going down the drain.

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[Rosilito]

Let's not forget how the issue of the effects of the pandemic was almost one-sidedly put into the sidelines because of the issue of the anti-terrorism act that the president is enforcing right now. Not sure if it was intentional or not but really, it's like they're basically wasting their time, effort, and brain cells in the issue when we have a larger issue at hand. Not saying that it shouldn't be discussed, but it felt like they forced the topic of the pandemic effects to go to the sidelines.

Frankly, it was intentional, IMO. The executive department had ordered it as urgent. Hence, putting the bigger issues aside. Am not sure why the president came up with that idea, 'cause from what is obvious, there were countless of expression of dissents happening around in social media, and numerous protest in some places. But there's nothing much happening about terrorism right now, for him to order the bill as urgent.

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Anyway, much has been said by this guy. And from what I see, looks like we're still going to suffer from various instances our government decide to put an action on; to economic recession as mentioned (well, there's no exception, either way)up to risk on health matters. Quite lucky somehow, that there were LGUs from several cities who perform very well on fighting against the pandemic, for not being additonal burden our country currently facing.

[dothebeats]

Corruption, widespread unemployment and lack of solid plans to jumpstart the economy. The government's debt rose to $175 billion dollars and not much of that money ever came into good use aside from the inconsistent and rather shady financial assistance. Online sellers of the smallest scale are also being considered to be taxed just to get some funds going on, but many people surely hate that idea. The government is also trying funky ways to get some.money, but the citizens are having none of it.

Greetings from the Philippines. A country of fucked-up politicians and clowns.

[carlisle1]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

This pandemic is the baddest crisis we ever had in our generation,affecting 98% of the world with Virus that ha no vaccine.
there are many countries that drops more than half of their economy because of no readiness in this kind of infection and we can't blame them.

i hope that one day everything will come to normal and world will be healed and the people will not suffer with this same case.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

Business sector maybe?

In my own community 30% of the former business are now remains close as the owner lose capital during the almost 3 months of quarantine,because many of them are just borrowed from the banks and loan sharks.

[AniviaBtc]

For now, the best thing we can do is to work and pay all the necessary taxes that we need to in order for our country to cope up with the severe damage that we have gained from this crisis.

All of us are affected by this pandemic, this Covid-19 really bring recession because of the businesses that are not allowed to operate due to the risk of getting the disease. We all know that if people can't go to work, they will have no budget to survive this quarantine. Huge taxes are waiting for the people to be paid by them, it is the government's fault if we have a huge debt on the World Bank. This GCQ somehow help our country's economy because it allows some small and huge businesses to operate even though there is a risk of Covid-19 outside. By this, we can somehow recover from economic crisis but the transmission of virus probably increase. So, this GCQ is not the best option to do to recover economically.

[sheenshane]

For now, the best thing we can do is to work and pay all the necessary taxes that we need to in order for our country to cope up with the severe damage that we have gained from this crisis.

All of us are affected by this pandemic, this Covid-19 really bring recession because of the businesses that are not allowed to operate due to the risk of getting the disease. We all know that if people can't go to work, they will have no budget to survive this quarantine. Huge taxes are waiting for the people to be paid by them, it is the government's fault if we have a huge debt on the World Bank. This GCQ somehow help our country's economy because it allows some small and huge businesses to operate even though there is a risk of Covid-19 outside. By this, we can somehow recover from economic crisis but the transmission of virus probably increase. So, this GCQ is not the best option to do to recover economically.

I disagree with the words that I shaded above.
First, that isn't our government fault that we are owing to debt, nobody's like this situation and this is a global problem that might they are also experienced from the inflation recession. That there are small merchants on business sectors that now resume again and hoping they will generate profit amid the covid19 pandemic situation.

Yes, it is very risky that the transmission of the virus will rapidly increase. But when we're continuing the businesses to operate?
Waiting for the vaccines when it is released? What if it takes years before it will discover, how can we survive from the comic crisis?

Transmission of the virus might be under control by following new guidelines and new normal policies.

[Botnake]

There's a big effect, especially on the entertainment sector like movie industry and sports since they are not allowed to resume its operation yet.
As of now, sectors  allowed to resume fully are those who provide essential services to the people and that would mean other sector will suffer.
Transportation sector now are also struggling due to social distancing and they can't get their usual number of passengers, hence it will result to smaller profit or even a loss in operation. I don't know when this pandemic will be over and since no vaccine yet, I'm hoping our country will find a way to as a protocol to lower the risk of virus spread while the economy will continue to recover.

[Shasha80]

Of course COVID19 affected my country's economy, many companies fired their employees. Even celebrities are affected. their savings
are running out. Some rich people also sell their assets, because they have debts to banks. Poor people struggle get food, because they
can't make money. Many medical personnel have died, because they are on the front lines. What a big disaster, which has made many
people die. I hope the vaccine will be found soon, so this COVID19 pandemic can end.

[amishmanish]

In my country, the Govt was busy patting its own back for having put a lockdown in very early days. Our demagogue of a leader was having a gala time addressing the nation in this momentous time and he used every occasion to "cement" his place in history by giving all sort of advice to people in the name of getting together.

Step 1:He told us to light earthen lamps and bulbs. The govt sympathizers circulated that it is our great man's plan to kill Corona by raising the temperature. Apparently, it did not work.

Step 2: Then he said we all should come out of our balconies and make noises using cymbals and plates and drums. The propaganda machinery said that the corona virus cannot survive the sound of the holy conches used in our temples. So on that fateful morning, a lot of my fellow countrymen blew their conches with the full capacity of their lungs. A lot of fuckers thought that taking processions in the street and dancing would be fine too. I guess y'all know we Indians love a good mixture of sound and dance. So yeah, we celebrated. Later on we found that corona does not die by these holy sounds.

Step 3: We were all told to install an app. This was the grand plan. Apparently, the marker on this Govt app will always show you "safe", no matter where you are. Its a great psychological boost.

After all this, around 40 days had passed. The cases were still rising. Everyone was talking corona, corona, corona. District administration came b arguing with ambulances and vehicles if even one suspect was found. Videos were circulated. It was all a few days of great energy. Suddenly, all the poor industrial workers who had lost jobs had no more money and they did not want to survive on govt meals everyday. So, They did what the poor people of my country do best. Took their destiny in their own hands and started walking. And boy, did they walk. There are cases where people walked 100s of kilometers to reach their villages in the hinterlands. Lot of people lost lives. Media was not interested because it looks bad for our Pied Piper of a leader. This was called India's Migrant crisis and many compare it with the "Migrant Mother" scenario of US in the 30s after the Dust bowl incident and great depression. Many a heartbreaking stories remain to come out.

Economically, we have suffered a lot. People have lost jobs. Our governments have always been like this. Leaving people to die. Yet, we are a fucking hardy lot. and there is bloody 1.3 billion of us. Lot of scope for corona. By some miracle of one amongst our millions of gods, somehow the death numbers are still low. The predictions say that we will peak in August. (some say November). People have now started coming out in the streets. We no longer hug or get close. We all wear masks and try to keep our distance while praying that nobody brings corona around our locality. In the most weird of ways, we are surviving as another new front opens up. This time, Its the fucking Chinese with their cold, calculated move to lighten up the borders at a time when their is so much uncertainty. There have been no shots fired but just today, multiple casualties out of violent physical clashes. Yet, this is not 1962 and India is much better prepared. China is too strong economically and militarily but India has never been one to back off from war.

So yeah, that is that. Its all wide open.

Sorry, if this post talked little about economy. We have a public pandemic and a potential war at hands. Pakistan is sitting on the western border probably hoping for another of its hyena attacks now that the tiger is distracted by the dragon. Yet, I can say that this is all good news for the economy. We shall overcome.

[shoreno]

Of course COVID19 affected my country's economy, many companies fired their employees. Even celebrities are affected. their savings
are running out. Some rich people also sell their assets, because they have debts to banks. Poor people struggle get food, because they
can't make money. Many medical personnel have died, because they are on the front lines. What a big disaster, which has made many
people die. I hope the vaccine will be found soon, so this COVID19 pandemic can end.

no single country arent excluded on this but even the smallest one do still have a positive case  . we must not worry bout the celebrities life because they already saved alot before the covid happens but you must concern more of the poor families   . these are the ones that dont have savings and now thier jobs were affected , how can now they find money to buy food  ? we all experience a same effect but here on our place , people that have something are helping the poorest among poor   . its nice to see this kind humanity , hope this also exist on other places

[maxreish]

Our government's trying the best to help all of the affected areas in our country. Our economy has been down, businesses were closed for how many months, budget was distributed to help those who were in need. Frankly, I can see how president is exerting effort to help our country in this times of pandemic.
 
 We currently slowly returning to the usual, merchandises are opening up but with regulations for the control of the spread of this virus. Hope this will end soon so we can totally go back to normal and our economy will recover too

[Lucius]

I can only say that I am from a country that is mostly oriented towards tourism and which is therefore very hard hit by this pandemic. I do not mean only hotels and private renters of accommodation, but also all those who participate in tourism with the production of food, beverages and various other services. Although the situation in my country is very good (less than 10 infected), and tourists have started coming, it is estimated that about 30% of income will be realized compared to last year.

All this will result in the inevitable increase in prices in a few months when the debts start to come due and the state treasury is half empty. Although some may think that the worst is over, we are in a situation where we can expect a tsunami after a major earthquake, because everything will eventually break over the backs of ordinary people.

I just hope that Bitcoin will help me to endure this crisis until some better days, and I hope that this will be the case with all those who have been investing in Bitcoin in one way or another for years. People are extremely resilient and resourceful when it's hardest, I have no doubt it will be the same this time.

[Twentyonepaylots]

Corruption, widespread unemployment and lack of solid plans to jumpstart the economy. The government's debt rose to $175 billion dollars and not much of that money ever came into good use aside from the inconsistent and rather shady financial assistance. Online sellers of the smallest scale are also being considered to be taxed just to get some funds going on, but many people surely hate that idea. The government is also trying funky ways to get some.money, but the citizens are having none of it.

I came from the same country and there is no doubt that we are fucked up in here. The shadiness from financial is extreme, we have a debt over trillion peso, 200+ billion funds for the pandemic yet I still don't get the government cash assistance I signed up last March. They are reopening the economy, at least half of it, they opened the jobs for people but they did not let the public transportation do their job to fetch this workers, so what they are going to do? walk a 20 kilometer highway ? lol

Greetings from the Philippines. A country of fucked-up politicians and clowns.

But the president seems to be doubtful also of his own government, imagine he released the funds to LGU yet we receive less, soooooo frustrating 

[Afzal0]

Coronavirus is a dangerous virus that has already spread its harmful effects all over the world. Due to this, our country is in an economic crisis. There are many obstacles to fix the economic system of the country. In order to completely fix this economic crisis, the whole world must stand by the troubled country.

[Nhor1011]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

Covid19 pandemic caused a huge damage to the economic status of every affected country. In our country everything is too much affected,the tourism,agriculture,fisheries,and all business establishment.Almost all people lost their job and now is unemployed that brings their family living worst. And because of quarantine and lockdown there is no transportation,it's very difficult for every one to live on this kind of situation. I pray and hope that there will be a cure for this covid virus sooner. Hoping that all medicine experts collaborate it's other to find or create a medicine so that the pandemic will end and our lives will go back to normal.

[Naughty Princess]

Corruption, widespread unemployment and lack of solid plans to jumpstart the economy. The government's debt rose to $175 billion dollars and not much of that money ever came into good use aside from the inconsistent and rather shady financial assistance. Online sellers of the smallest scale are also being considered to be taxed just to get some funds going on, but many people surely hate that idea. The government is also trying funky ways to get some.money, but the citizens are having none of it.

Greetings from the Philippines. A country of fucked-up politicians and clowns.

Seems like there is no solid plans and the economy are going down that even small online seller has to be taxed for the government to have funds. This pandemic gave negative impact on the economic status, we are now all suffering from the late actions to avoid the spread of virus. Hope that real vaccine for the virus come up and stop mass killing.

[darewaller]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

Our health sector is really bad. Right from time the government wasn’t giving much attention to the health sector, the little attention they are giving to it now is because of the Coronavirus. I think it’s high time they get serious with this and build the health sector to a better standard.

Another sector that is really down is agriculture, and I’m hoping that they look into it. Why I am not happy about this one is because there are lots of things that we could have just produced on our own, but our government would choose to import them lol. I think the government should look into agriculture and as well support farmers. It will go a long way to help the country.

[PavelMed]

The authorities of my country told everyone to stay at home, but they did not support them financially. People either die of hunger or go to work, so everyone in the country works, find loopholes to justify going to work. This is sad because many continue to get sick.

[Alert31]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

In my country all sectors are affected by this covid19 pandemic. Many people have no work because almost all companies either closed or lessen their employee. It's a very heartbreaking situation specially those belong to the poorest of the poor. There are lack of everything specially foods and other necessities. Government tried a lot to help the community but i think it will not last until the end of this virus because they can't sustain all the needs of the people everyday. That's why the government decide to open the market and other stablishment and limited transportation so that few people can go to work to supply their needs while pandemic continue spreading. It's really a difficult situation that we all need to survive no matter what will happen.

[Renampun]

World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

my country was greatly affected by the corona outbreak...
the hotel and tourism business was the most affected in my country, even my husband was temporarily stopped by the hotel where he worked to a limit that has not been determined by the hotel. this plague really caused big difficulties.