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

[DeadCoin]

practically, the group of tourism has perfectly one of the most important crowd for the real establishment in our country and despite they had already giving us our hope mostly in trading platform such as bars and restaurant including Beach resorts and etc.So far the good news is the flight has already open particularly in which free from covid-19 cases, therefore even if people feel and having a visual skeptic I saw that they keep slowly moving for the good work instead of stay at home.

[joshua123]

In my country almost every sector were down. The number 1 that mostly affected is tourism due to limited transporation purposes. Same goes to other non essential sector. Even casino and gaming clubs were all down due to this crisis. Aside from important field such as food and medicine, we can only wish that this plague virus be gone right away. US are now facing a huge down fall, Im afraid if this continue China will rise on top on every potential business and wille at up the econmic growth.

[Barnabe]

It will be interesting to see the effects of this crisis on the economies of different countries. For instance, countries with commercial balances differences could not export/import, so countries with negative commercial balances will probably benefit in some way (for instance France has broken records in terms of domestic savings) while countries with big exporting industries (such as Germany or China) will probably not have any benefit from this. Since tourism is counted as an export of services, southern European countries will also probably take a big hit this summer...

[MCobian]

Covid-19 is quite terrible, all sectors affected. And for my country most affected the economic sector. All residents experience financial
difficulties, both rich and poor. Because the population in my country is not allowed to do outside activities, including work. Quarantine
in my country has lasted 3 months, and not all residents get government help. So in my country many are starving and finally the crime
rate has increased, a lot of theft happening in my country. So I hope this pandemic can end soon.

[rodskee]

Covid-19 is quite terrible, all sectors affected. And for my country most affected the economic sector. All residents experience financial
difficulties, both rich and poor. Because the population in my country is not allowed to do outside activities, including work. Quarantine
in my country has lasted 3 months, and not all residents get government help. So in my country many are starving and finally the crime
rate has increased, a lot of theft happening in my country. So I hope this pandemic can end soon.

No one knows when this pandemic virus will end,  everything will depend once vaccines are available. We can't deny the fact
that every nation experienced this kind of situations.
Every people who are starving to death will do everything to survive, expect more crimes to happen if the government won't
be able to supply the needs of his community.
It can't be avoided since human nature always have the kind of mentality to do anything just to make sure that they have
something to bring for his families.

[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.

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!!!

There is a fair bit of sarcasm in there @stompix. I am talking about India. Our PM comes on television and he is known for making emotive appeals. For a hardcore section of followers, he can do no wrong. Lighting earthen lamps is considered an auspicious thing in our society. So the PM did this "let us all come together" and light lamps thing. So people started forwarding whatsapp messages about metaphysical stuff explaining benefits of earthen lamps or the holy vibrations produced by conch shells. This was of course not an official stance. Just a kind of message from the leadership. The fan club gives it these twists to increase the popularity and demonstrate to people that how our PM is connected to his roots or how brilliant he is. While, we all appreciate the stress on conservative values and cultural revival, a lot of it is demagoguery pandering to the hardcore base.

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.

The relation between Pakistan and China is an exploitative an opportunist one. Pakistan ceded them territory in Kashmir (Aksai Chin) and in return China has always helped arm Pakistan. China's main motive is to keep India busy by just nudging Pakistan while keeping their own 3000+ KM of border conflict free. In recent times, India has been making headway with world powers. The G-7 temporary meeting, India extending relationships with ASEAN nations are all irritants to China.
So they have taken these coercive measures. China is a shrewd one. They will say one thing and do something else. All of this is basically being done to take the sail out of India's wind of resurgence amid backlash against China. They don't want it to be an easy decision for corporations. Corporations look for stable countries with a stable governance. To me, this is a major reason that China has been trying hard to put everyone on their toes, including SEA nations and India.

By the way, I wish India and Indonesia had closer interaction like when we had at the time of non-alignment. We do share ancient roots. I have been to Bali once. Its just that the cultural ties get over-colored by the religious differences. Since the coming of the present govt, the Indian RW has been very vocal about the religious issues. Yet, as a majority, India is still a secular country which always deals with other nations on good faith. This is also one of the reasons that the Chinese catch us off-guard time and again.

It is not clear which way the Galwan valley stand-off will go. Its a high-altitude battlefield and the Chinese are planning something big with their constant build-up. It remains to be seen if Indian leadership will take the risk to attack first to free the "no-man's land". Lot of backdoor frantic activity going on. China has been a bully in the region for too long, especially in the South China Sea. It falls on India to stand up to them. Indian armed forces have a history of doing that since Independence.

[ethereumhunter]

The local business in the country, which has the effect of Covid-19, will be down. People from low society get the biggest effect because they can not open their business while they need to fulfill their daily needs. Many of them need to be helped, and fortunately, there are many donations from other people who want to help them by distributing their daily needs. But that can not cover what they need because that donation is for temporary. And now, with the new normal has already lifted, they start to do something to have money. Some of them are trying to reopen their business to get money. People now still trying to survive in this new normal.

[Gozie51]

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.

True and tourism is not only area people are complaining in their economy. Economies that are run only on crude production are hit seriously too because no much vehicle are on the road, airplane and transportation in general. .Countries relying on produce from others too are suffering as well, no production, no feeding.

[kobe24ever]

COVID-19 is now Planet wide, but it is hitting at different speeds and intensity depending where you live.

[finaleshot2016]

Some of the government officials right now in my country are very incompetent, meaning they aren't capable of the position they are assigned right now. The only thing that the people requested for the government is to have an early travel ban but look at what happened, we already have 28,459 confirmed cases as of this moment. People who have professions are suggesting what's the best for our country, but those requests are being rejected and they're still focusing on what's not essential during the health crisis. I'm not a political analyst but even a person who's studied well and has a good profession will definitely look at what's wrong on the movement of the government officials.

Idk why they're prioritizing the Anti-terror bill at this moment, it's very inappropriate and for me, the Bayanihan act is already a powerful law that can be used during the health crisis. Corruption is still ongoing, officials are going rich while the poor have no foods left due to quarantine. The implementation of quarantine is useless, they lift enhanced community quarantine to good community quarantine even the percentage rate of cases per day isn't slowing. So definitely our country will become poor and the president is still borrowing billions of money to the world bank and they aren't being transparent or breakdown on where did they spent it.

Small business is affected, some can't pay rent without and some people lose their jobs. The government can't sustain the needs of the people, they're paying tax for the development of the country but it is not what happening right no, higher-ups are prioritizing their own desires than the country. That's why it's important to have government officials that have professions and know what will do during a crisis 'cause they have a lot of experience. That's why I called our government as incompetent, many useless acts that brought the country into a downfall.

[jostorres]

It is not even just China versus India, it is basically China versus everyone in the world. You know why? Because they are a country ruled by a few people and they are a harsh dictatorship that can't even be questioned, similar to Russia in many ways but not as cunning as them, just doing it directly with no hiding at all and no "two bullts to head suicide" type of thing, they outright murder you and warn others of what could happen to them if they do the same.

They have so many people living in poverty and dying of starvation that people question why Chinese people eat bats and dogs, well because they have no food to eat so culturally they became a country that eats ANYTHING they can to not die, remember this is the same nation that had 20 million people dead because of a famine created just to show how powerful they are. So, it is not just India, China is against everyone in the world who questions CCP.

[amishmanish]

It is not even just China versus India, it is basically China versus everyone in the world. You know why? Because they are a country ruled by a few people and they are a harsh dictatorship that can't even be questioned, similar to Russia in many ways but not as cunning as them, just doing it directly with no hiding at all and no "two bullts to head suicide" type of thing, they outright murder you and warn others of what could happen to them if they do the same.

They have so many people living in poverty and dying of starvation that people question why Chinese people eat bats and dogs, well because they have no food to eat so culturally they became a country that eats ANYTHING they can to not die, remember this is the same nation that had 20 million people dead because of a famine created just to show how powerful they are. So, it is not just India, China is against everyone in the world who questions CCP.

I assume you are responding to me. Chinese have a very strictly controlled society where the cost of non-compliance or criticism of the CCP can easily be disappearance or punishment of some sort. I can't imagine how it must be to live in a society like that where people don't have the choice or intellectual freedom to comment on governance or have a say in their policies.
The thing with the Chinese though is that they have mastered survival through collectivism and propaganda. There is a generational memory amongst the people about the hardships they have suffered in past decades. Thanks to the strategic embracing of open-market and thanks to becoming the world's factory through its offer of cheap human labor, China has now reached a level where its people have sort of been "bribed" into believing that they are living in a state-controlled utopia and there is no better way to do it. As long as the majority believes this, the minority of smart, original thinkers who abhor "control" by their very nature, will always end up in exile or in custody.

[Barnabe]

It is not even just China versus India, it is basically China versus everyone in the world. You know why? Because they are a country ruled by a few people and they are a harsh dictatorship that can't even be questioned, similar to Russia in many ways but not as cunning as them, just doing it directly with no hiding at all and no "two bullts to head suicide" type of thing, they outright murder you and warn others of what could happen to them if they do the same.

They have so many people living in poverty and dying of starvation that people question why Chinese people eat bats and dogs, well because they have no food to eat so culturally they became a country that eats ANYTHING they can to not die, remember this is the same nation that had 20 million people dead because of a famine created just to show how powerful they are. So, it is not just India, China is against everyone in the world who questions CCP.

I assume you are responding to me. Chinese have a very strictly controlled society where the cost of non-compliance or criticism of the CCP can easily be disappearance or punishment of some sort. I can't imagine how it must be to live in a society like that where people don't have the choice or intellectual freedom to comment on governance or have a say in their policies.
The thing with the Chinese though is that they have mastered survival through collectivism and propaganda. There is a generational memory amongst the people about the hardships they have suffered in past decades. Thanks to the strategic embracing of open-market and thanks to becoming the world's factory through its offer of cheap human labor, China has now reached a level where its people have sort of been "bribed" into believing that they are living in a state-controlled utopia and there is no better way to do it. As long as the majority believes this, the minority of smart, original thinkers who abhor "control" by their very nature, will always end up in exile or in custody.

Yeah, but this is a sort of compromise. People are only willing to cede freedom because they want more money/economic opportunities. As long as China has a big gdp growth, people will accept not having as much rights, but the growth will stop you can bet the government will compromise and cede some of its powers.

[amishmanish]

Yeah, but this is a sort of compromise. People are only willing to cede freedom because they want more money/economic opportunities. As long as China has a big gdp growth, people will accept not having as much rights, but the growth will stop you can bet the government will compromise and cede some of its powers.

That is a novel idea. One that may very well is being used to fool the people there while the state takes over more and more of their liberties with constant surveillance, Face identification, point system for accessing public facilities. This is not a compromise. People there were not given an option to trade their basic human nature in return for GDP growth. Nor will the entrenched elite in the CCP give up their positions and bring democracy suddenly saying that "Ok, we have developed enough".

If the coercive measures, propaganda military videos, and extreme nationalism is any indication, the CCP is only making itself more along the lines of former USSR with their dreams of world domination. There has already been sufficient evidence to show the Chinese state has been spreading its soft propaganda while trying to exploit the faultlines in other societies (Often in the name of humanity and equality). Then there is the aspect of IP theft and espionage that they have indulged in.

Be assured that the CCP has no intention to give people any form of relaxation in terms of freedom to have an alternate thought process. All they want is for the rest of the world to accept their bullying and hegemony so they can spread their zombifying ideas and paint more of the world red. Fortunately, the world is waking up to the slow red poison.

[PhucS]

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.

I think this is really the biggest crisis caused by an epidemic in the last 10 years. Half of 2020 has passed, but the disease situation is still at high risk of outbreaks. And as you say, it has caused a lot of economic damage. In my country, tourism and the aviation industry are probably the most affected. Hopefully the world will overcome this disease soon

[carlisle1]

It is not even just China versus India, it is basically China versus everyone in the world. You know why? Because they are a country ruled by a few people and they are a harsh dictatorship that can't even be questioned, similar to Russia in many ways but not as cunning as them, just doing it directly with no hiding at all and no "two bullts to head suicide" type of thing, they outright murder you and warn others of what could happen to them if they do the same.

At least China is not like How North Korea runs their government,and of course each country must be ruled by One person and that is either the president or Prime minister or Kings,how do you want a government run by multiple people?

They have so many people living in poverty and dying of starvation that people question why Chinese people eat bats and dogs, well because they have no food to eat so culturally they became a country that eats ANYTHING they can to not die, remember this is the same nation that had 20 million people dead because of a famine created just to show how powerful they are. So, it is not just India, China is against everyone in the world who questions CCP.

Lol eating Bats and Dogs are being Inherited from their elders because way back when starvation really happening people eats such food and this is not only in china,almost all over the world people still eating those animals or insect and they call that "Exotic Foods".

[mithun303]

Bangladesh is one of the poorest and most densely populated countries in the world. But it recent years population growth, health and education have improved. Bangladesh is the eighth most populous country in the world in terms of population. When the whole world was preoccupied with Corona, how they would get rid of this epidemic, who greatly underestimate Corona in Bangladesh. We should alerted when 1 or 2 people were diagnosed with Corona in early march, But we weren't alerted at that time. We have to pay this compensation for not being careful.

Total Tested         : 599579
Total Infected      : 108775
Total Recovered   : 43993
Total Death         : 1425

 This is the situation to this day.

As a Result, The economy situation in Bangladesh has stabilized. Many people are being laid off from private companies. Many new business are growing. Demand is declining. Price of everything are rising. The standard of living become difficult. Vat has increased everything even the cost off travel has double but our salary percentage has decreased.

I don't know where it ends and what is in our destiny. I will just say one thing, We all pray everyone so that we can get out of this difficult moment.

I have one thing to say in this situation. We are all careful,  We all wear mask, We keep our distance from each other and we stay at home as much as possible. Stay well and stay healthy and try to keep others well.

[verita1]

Guys, I have read some of your comments that reflect the reality that you live in their countries of origin. It is hard what we are experiencing worldwide, I feel solidarity with all of you.

I live in Venezuela. If before the coronavirus we were already suffering from hyperinflation due to many factors: corruption, failure to attend to the country's productive sectors, and finally, a sanction imposed by the United States on oil revenues. In my country there are low levels of investment in all sectors, which causes massive unemployment. The basic salary of the Venezuelan and the payment to pensioners and retirees reach $ 4 a month.
Compared to other countries in Venezuela, education and health is free.

Before the virus spread around the world, we were already suffering from so many needs. Now the situation is more precarious, fortunately and thank God the number of infected until today reaches:
Confirmed: 3591
People recovered: 835
Dead: 30

We also use the protocols of rigor such as using masks, antibacterial gel, social distancing.
The government is allowing some economic activities to work 7 days at their medium capacity, and 7 days later not to work to decrease the number of new people infected.

Stay healthy and follow Covid19 prevention protocols. Let's pray to God that we have a cure soon.

[Negotiation]

the effects of the coronavirus are putting the country's economy in a very bad situation No medicine or vaccine has yet been invented to cure it Although many countries have returned to normal it is re-emerging. You are right that we must act with caution and the only hope is God Only He can save us from a severe epidemic like this virus Everything has been opened up in many parts of the world to improve the economy Their business trade is about to resume but everything with caution.

[amishmanish]

Bangladesh is one of the poorest and most densely populated countries in the world. But it recent years population growth, health and education have improved. Bangladesh is the eighth most populous country in the world in terms of population. When the whole world was preoccupied with Corona, how they would get rid of this epidemic, who greatly underestimate Corona in Bangladesh.
--snip--

I don't know where it ends and what is in our destiny. I will just say one thing, We all pray everyone so that we can get out of this difficult moment.

I have one thing to say in this situation. We are all careful,  We all wear mask, We keep our distance from each other and we stay at home as much as possible. Stay well and stay healthy and try to keep others well.

Bangladesh has been such a mixed bag. From the horrifying news about bloggers being hacked to the great strides being made in trading and garments industry, it is hard to judge how exactly you guys are doing. Pardon me, but then there is also this big-ass MMS factory that used to churn out amateur porn videos non-stop. One thing that can be certain is Bangladesh has all it takes to become an awesome country. Only if you can keep in check the worst of our social tendencies like religious fundamentalism. India has been facing the same problems off late.

Let us all keep the world and its people in our prayers at present. Keep taking safety precautions and social distancing seriously.

Guys, I have read some of your comments that reflect the reality that you live in their countries of origin. It is hard what we are experiencing worldwide, I feel solidarity with all of you.

I live in Venezuela. If before the coronavirus we were already suffering from hyperinflation due to many factors: corruption, failure to attend to the country's productive sectors, and finally, a sanction imposed by the United States on oil revenues. In my country there are low levels of investment in all sectors, which causes massive unemployment. The basic salary of the Venezuelan and the payment to pensioners and retirees reach $ 4 a month.
Compared to other countries in Venezuela, education and health is free.
--snip--
We also use the protocols of rigor such as using masks, antibacterial gel, social distancing.
The government is allowing some economic activities to work 7 days at their medium capacity, and 7 days later not to work to decrease the number of new people infected.

Stay healthy and follow Covid19 prevention protocols. Let's pray to God that we have a cure soon.

I love your statement about the "feeling of solidarity". Indeed, we are all facing the same enemy and it is affecting us all in one way or another. I have read a lot about the problems in Venezuela. It is just sad that countries with so much potential fall prey to a combination of shitty internal politics and external interference (The USA??). I wish and pray that you guys can set your country on the correct path and get out of this abject poverty and breakdown. I hope we have more people from Venezuela on the forum and bitcoin and the forum is helping you in one way or another.