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

[yohananaomi]

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.

this is certainly a dilemma that occurs in developing countries, on the one hand the need to make ends meet as a necessity of life must be met. if it does not work, of course there will be no wages that will be used to buy necessities of life. but if it continues to work there will be a risk of transmission of the pandemic. which is feared in developing countries if they do a "lockdown" but the government is not sufficient with assistance. a new pandemic will emerge, which is hunger, but if it develops into riots it is more dangerous.

[bitbunnny]

So far it isn't that bad, or at least we still don't feel the crisis in full ranfege, but it will get worse
My country will feel all the bad consequences in the fall because our economy depends great deal on tourism and the season is going to be very bad.
At the moment government is trying to compesate losses to most affected businesses but they don't have unlimited funds either and many are expecting help.
As individuals we can't do much except try to take care on ourselves, try not to lose job and save as much as we can. Including in cryptocurrencies.

[BitcoinTurk]

Unfortunately, the pandemic process has affected my country economically very negatively. While the unemployment rate is increasing day by day, it continues to be affected economically in many businesses. The decreasing business volume, the contributions our government has not made and the credit debt imposed on the private sector will cause major economic problems in the coming years. I also think that some companies will go bankrupt in the coming years or until the end of this year, as many businesses suffer a lot in this pandemic process. It was very bad for our state and businesses to be caught unprepared. I believe that if a second wave occurs, our state will be caught unprepared and cannot contribute to businesses. I hope that all businesses can continue on their way with the least damage during this process.

[Kasabus]

So far it isn't that bad, or at least we still don't feel the crisis in full ranfege, but it will get worse
My country will feel all the bad consequences in the fall because our economy depends great deal on tourism and the season is going to be very bad.
At the moment government is trying to compesate losses to most affected businesses but they don't have unlimited funds either and many are expecting help.
As individuals we can't do much except try to take care on ourselves, try not to lose job and save as much as we can. Including in cryptocurrencies.

Right now, most of the countries are already facing general community quarantine and this new normal allows people now to go back to their jobs and earn an income because the government itself cannot sustain anymore the basic needs of their people. But even if this new normal is already out, people should still take precautionary measures not to be infected by the virus.

[Indymoney]

So far it isn't that bad, or at least we still don't feel the crisis in full ranfege, but it will get worse
My country will feel all the bad consequences in the fall because our economy depends great deal on tourism and the season is going to be very bad.
At the moment government is trying to compesate losses to most affected businesses but they don't have unlimited funds either and many are expecting help.
As individuals we can't do much except try to take care on ourselves, try not to lose job and save as much as we can. Including in cryptocurrencies.

Right now, most of the countries are already facing general community quarantine and this new normal allows people now to go back to their jobs and earn an income because the government itself cannot sustain anymore the basic needs of their people. But even if this new normal is already out, people should still take precautionary measures not to be infected by the virus.

Our lock down is also going to be some soft but its not good as peoples are not going with new rules about this Virus and we are touching very bad figures which are going to hurt very badly in near future even right now hospitals are full and not able have more patience but its worst situation just poor management and political pressure working for this all which is not good we need to be more stick with this all but peoples are not feeling good and suffering with this all.

[Nathanz]

Here in the Philippines, the economy gets worse everyday due to this pandemic. In the span of 3 months, Philippines acquired a debt of 8.6 trillion pesos. A lot of people lost their jobs. Some local government units failed to address the issue and was not able to fulfill the needs of its citizens. So yea, the economy just gets worse everyday. Bad governance is also a factor for this.

[Negotiation]

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.

This epidemic is putting us in a very bad situation Everything has been off here for about four months now People are going through a lot of crises Poor people are suffering the most. They are not able to procure food for their families due to a lack of work Along with the country's economy the people of our country are living in a very bad way.

[amishmanish]

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.

A little addition and update.

Our Govt did not rake up its debt with direct cash transfers. Instead it has provided an option for interest-free, collateral-free, one year loans to small businesses. It is mostly a game of self-management and self-reliance for our people. For the poorest of the poor, they have simply went back to villages with the hopes of subsisting on their land and the village economy. We are yet to see any major unrest or clear affect of these job losses. Alternatively, the Govt has assured that a national job-guarantee program for the poor will continue to provide minimum 100 day wages to poor households.

On the war front, the Chinese bogey has made people forget their political bickering and unite in the face of an imperialistic China. The govt is taking measures to stop giving business to chinese companies while the people are trying to stop their reliance on chinese goods. Let us see how that pans out.

[samputin]

Here in the Philippines, the economy gets worse everyday due to this pandemic. In the span of 3 months, Philippines acquired a debt of 8.6 trillion pesos. A lot of people lost their jobs. Some local government units failed to address the issue and was not able to fulfill the needs of its citizens. So yea, the economy just gets worse everyday. Bad governance is also a factor for this.

As a citizen of PH, I also feel that way. Our country is now in so much debt just to provide help to those who need it.

But acting Director-General Karl Kendrick Chua of National Economic Development Authority (NEDA) assures us, his fellow Filipino citizens, that the pandemic we are facing is just a temporary setback. Though it caused our GDP growth rate to shrank - 0.2% (also because of the Taal eruption, and the lockdown on some areas), he believes that  "our situation is better than others and we are more prepared to recover more quickly."

I'd like to believe him even though it's not what I really see and feel. Guess I just want to see the positive side on things despite all the negative that is happening.

Let's just hope that this will be over soon.

https://business.inquirer.net/296899/neda-covid-19-crisis-a-temporary-setback-ph-economy-to-bounce-back/amp

[abhiseshakana]

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.

The enemy of your enemy is your friend. But Pakistan's position in the dispute between India and China will benefit Pakistan by dividing India's concentration and slowing infrastructure development carried out by the Indian government around the conflict area. Why is this road considered a game-changer, because with the road infrastructure India will be increasingly able to mobilize its troops into conflict areas.

The tension between China and India is feared by Pakistan to attract Americans to get involved in it. The closeness between America and India is a loss for Pakistan. America has indeed begun to forge strategic relations with India for a long time to counter the strength of China in the future.

[thesmallgod]

My currently rely mostly on crude oil. They sell crude oil to other developing countries. Since the beginning of this pandemic, there has been a fall in the price of crude oil in the world market and that has led to serious problem because the government here could not make money on crude oil like before. This has makes them to be imposing unnecessary tax on many commodities in order to complement the planned annual budget. The coronavirus has also affected importation into the countries making imported materials to be scarce and very expensive

[iv4n]

In news government officials talk how my country is in very good shape, how they did all they could to help us all, and they will manage to get out from all this with money for everyone. They will help companies and people, they will do a lot of things. I think they will do a lot but for one reason, to stay where they are, to continue ruling!
On other side I read some bad things from independent medias, how the situation is totally opposite from what government officials are saying. Whom to trust?! I have luck that my job didn't suffer, I worked during pandemic, and I always have crypto on a side! I try to question everything I read and see, it's hard to read between the lines and to find what is the truth and what is a lie, we are constantly bombarded with so a good deal of different news, perspectives, observations. I would say it's a mess, and can't tell who is drinking and who is paying.

[stompix]

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.

Please tell me that this is some sarcastic post and that you're just mocking what the government has taken as measures and they haven't actually done this!
The moment I read the first part with the heating I didn't know if it's a joke and a pretty good one or I should really start crying about what's happening there.
So again, please tell me it's not real!!!

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.

I think we're in the same boat but things might not be that bad for our countries.
I might be wrong about yours (slim chances) but it also mostly rely on weekend tourists for city breaks and trips to the seaside with 90% of the visitors coming from within the EU, so you will not suffer that much as the countries that rely on total foreigners, like Thailand or Peru and might even grab some of those who are too scared to fly outside the continent.

I'm getting more and more optimistic by the day as around here things have really started to move again, although I'm not all that happy with it.
Again spending time in traffic, construction works on one side of the city are again rising dust till the city center on windy days, parks are full, and gone are the days when I could simply sleep with the windows open and not a car sound would disturb me, Plus, and this it's not something I enjoy saying, a lot of garbage on the streets after the weekends, really piling up in the city center and in parks.

It will all come down to what Germany will be doing.
We are so interconnected with them that we're going to share the fate as the 17th Bundesland.

[Upgate]

The effect of covid-19 on Nigeria economy is so bad that millions of her citizens has lost hope in the present government, due to the level of insecurities, unemployment rate, hunger and corruption.
Some part of the country ''East region'' are agitating for their freedom, to have their own country called Biafra. Nigeria is a failed state, only God in heaven can save us from the debt that the present government has accumulated in the fight of covid-19 pandemic.

[shushu9977]

Economy is the most important element for any country. We are facing big problem last 2 months and few days. But, in our country lockdown is stopped without education sector. Last almost there months,  people  are facing a big problem and few mans are dead for his poverty because of there is no work, no money, no food. But, now it is good for our country.

[Ozero]

It is unlikely that now there will be at least one country that would not have suffered large human and material losses from the spread of coronavirus. Therefore, according to the forecasts of international financial organizations, including the International Monetary Fund, in the near future we are expecting a very tough global economic crisis. Not only the economies of states, but also ordinary people suffered from the coronavirus, since they were deprived of the opportunity to work and earn money. Many were fired from their jobs. Since economic and transport chains have been disrupted, food prices can now skyrocket. Where this leads is even difficult to predict.

[Twentyonepaylots]

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.

this is certainly a dilemma that occurs in developing countries, on the one hand the need to make ends meet as a necessity of life must be met. if it does not work, of course there will be no wages that will be used to buy necessities of life. but if it continues to work there will be a risk of transmission of the pandemic. which is feared in developing countries if they do a "lockdown" but the government is not sufficient with assistance.

It is not just in developing, it is happening in the whole world. Every nation has its economy, thus this must be preserve but what happening now is as disastrously bad as a recession as more than 70% of the economy is currently close. As the pandemic cases rises, they suddenly close the economy not knowing that the virus had already spread throughout the globe now that there are clinical trials, some medicines seems to be working to fight the virus. No one is really prepared for the pandemic this 2020.

a new pandemic will emerge, which is hunger, but if it develops into riots it is more dangerous.

Hunger has been there since the beginning. The pandemic term only applies for a disease breakout.

[sana54210]

There are many countries in the world with governments who are trying to reject the notion that they are doing a bad job. Everyone you asked in the governments (doesn't matter which country) will tell you that they did a great job, better than any other nation. That is how you become a politician, the moment you start to question yourself and your ideas that means you are done, you have to be insisting on what you are doing is right and should convince yourself before anyone else, even if it is wrong you should believe in it no matter what.

I have been involved with politics in my life and I can tell you that no politician I have met has ever been wrong in their entire life, they have always been right no matter how silly their ideas sounds because that is how you gain votes from idiots and idiots out populate smart people by a big margin.

[adzino]

There are many countries in the world with governments who are trying to reject the notion that they are doing a bad job. Everyone you asked in the governments (doesn't matter which country) will tell you that they did a great job, better than any other nation. That is how you become a politician, the moment you start to question yourself and your ideas that means you are done, you have to be insisting on what you are doing is right and should convince yourself before anyone else, even if it is wrong you should believe in it no matter what.

I have been involved with politics in my life and I can tell you that no politician I have met has ever been wrong in their entire life, they have always been right no matter how silly their ideas sounds because that is how you gain votes from idiots and idiots out populate smart people by a big margin.

I completely agree with you. Most of the countries think they are doing a really good job, but little do they know how bad they are at it.
Like look at the US. The government itself isn't taking the issue seriously, let alone the people. I don't know if most of the people over here are dumb or just don't care at all. Hundreds of people are dying every day and thousands getting infected and the government is busy blaming China and acting all childish.

[Renampun]

...

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.

This epidemic is putting us in a very bad situation Everything has been off here for about four months now People are going through a lot of crises Poor people are suffering the most. They are not able to procure food for their families due to a lack of work Along with the country's economy the people of our country are living in a very bad way.

that's the condition that is happening now...
this is the reason why every state must provide food assistance to every poor citizen on the country, world economic experts have said that this covid19 has made poor people increasingly into the abyss of poverty, lucky for us who can still make money even if fired from a real job because of this plague.