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

[jossiel]

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

[1714668158]

1714668158

[1714668158]

1714668158

[1714668158]

1714668158

[1714668158]

1714668158

[Iphomme]

Until now, judging from the whole, I think the economic sector is not fully normal.
of course it can't be separated from this pandemic and we don't know when this will end,
but for now I feel better than at the beginning of the pandemic
[/quote]

   Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

[Vishnu.Reang]

Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

Unfortunately there are a lot of people in this situation. I consider myself fortunate, because I am working in the IT sector and I am receiving regular salary every month although I am working from home. But I have heard about stories of hardship from those who are in the blue collar sector, such as factory workers. But the worst hit group are those who are employed in the unorganized sector, such as roadside vendors. These people are mostly without any work since 2020. And by now the savings have also vanished.

[barabarian1]

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

[flyer88]

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

Well I agree with you. Not all bosses just play as they please, because even large companies are also regulated by the labor service where there is already a law that regulates it. Many of them are still employing their employees. Only limit the number with the difference in working hours. If the work can be done at home, it must be done at home, those who have to go to their office must have prepared a room with a bordered wall.

[judaspriest]

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

I agree with you and I'm sure the boss must have considered carefully and had reasons before reducing some employees,
especially in the current conditions almost all entrepreneurs are trying to make their business survive,
Of course it's not easy to get past that

[S4VV4S]

in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now

The pandemic is the one to blame as we're not expecting it to happen.

And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost.

but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary.
back to the point, we cant blame the boss when they reduce some employee

I agree with you and I'm sure the boss must have considered carefully and had reasons before reducing some employees,
especially in the current conditions almost all entrepreneurs are trying to make their business survive,
Of course it's not easy to get past that

Yes, especially if it is a garment company that produces clothes and raw materials from China. I'm sure they're going through a loss phase. That's why some employees are laid off to maintain the continuity of the company. This is indeed a difficult situation, covid has taught how important it is to have savings.

[Sithara007]

Yes, especially if it is a garment company that produces clothes and raw materials from China. I'm sure they're going through a loss phase. That's why some employees are laid off to maintain the continuity of the company. This is indeed a difficult situation, covid has taught how important it is to have savings.

Staff employed at factories and other manufacturing units can't work from home. And especially in the textile sector, many of the factories operate with such thin margins, and any slump in revenues will push them to loss. So it makes sense to lay off a portion of the work force. The choice is between closing down the factory altogether and laying off a part of the employees. Such manufacturing units may struggle to get any sort of relief funds or compensation from the governments, because at the time of the pandemic the governments in third world nations are mostly focusing on individuals rather than the businesses.

[btc78]

Yes it is still the pandemic destroying our economic , sometime I've lost hope due that My work are not consistently, I'm very frustrated about that I'm a bread winner of my family, worried about if where I get Food to fed for my family, no more word to say but except to pray in God that someday it will okay

Unfortunately there are a lot of people in this situation. I consider myself fortunate, because I am working in the IT sector and I am receiving regular salary every month although I am working from home. But I have heard about stories of hardship from those who are in the blue collar sector, such as factory workers. But the worst hit group are those who are employed in the unorganized sector, such as roadside vendors. These people are mostly without any work since 2020. And by now the savings have also vanished.

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination  yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

[SacriFries11]

thousands have lost their jobs. Agriculture is very much affected especially the farmers and fishermen., businesses have been closed. the government borrowed money from different countries to be able to survive. the tourism sector is also affected due to closing of borders and travel requirements. but the government is doing its best to be able to survive and help its people to rise and hope that this pandemic will end soon. Hopefully.

[bryant.coleman]

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination  yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.

[Hamphser]

There is no exception from the pandemic mate , I have been working in Home since 2020 but half of my co employees are being Lay Off because of cost cutting from out company , though they have been paid before termination  yet that won't be enough to feed their family as the country is still struggling and there are no available work to apply.

I hate the pandemic but just like every war there must be casualty , We are only lucky to stay working while others stopped or being kicked.

Let us all pray that this will end soon and everything will return back to what we are in the last 2 years of our life.

Well.. in the private sector, there is nothing like job security. You always need to worry about the layoffs, especially during such testing times. I am fortunate to be part of a private company that is not impacted by the pandemic. Since I am working from home, my expenses have reduced by around 75% and the savings have swelled. But I know that I am among the small minority which benefited from the pandemic. The vast majority have been pushed in to poverty, as a result of reduced earnings and layoffs.

For those people who had been affected then its really sad to hear out but there are indeed people who do save up even more with this pandemic situation and they hadnt really affected much despite of the situation
because not all are really working physically into those traditional businesses or companies that we do saw and since we are on digital age where most people who had been working online or from home
wont really get affected much on the situation.

It would rather vary though on what industry they are belong on of said company because there are companies which are essentials or much really needed on this time and some wouldnt really care as long the operation would continue despite of the situation.

Economy had surely been affected with this pandemic situation but we are coping on it somehow for most countries in the world which is already considered great.

[Woodie]

Here the pandemic has really slowed things down, Politically the politicians in power are feeling the pressure as solutions are expected to come through from them, economically this part is slow to stagnant and technologically things to be improving in this area has this is the only space that has seen some positives.

But honestly I would really appreciate if this whole covid thing comes to an end because it has left a trail of destruction world over.