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

[hahay]

I think that the transportation, trade and many other sectors are very affected by this pandemic and even when many people lose their jobs, it is also a sector that is severely affected because the difficulties continue to increase and maybe almost all sectors are affected and it cannot be inevitable. Concerns about the spread of the coronavirus outbreak will continue to increase every day if they are not aware of the importance of implementing life in the new normal era like this.

[Maroons]

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.

It's getting bad every passing days, we are not flattening the curve,  the number is still growing and the economy is getting bad, so many people are out of their job, some sectors are starving I cannot blame the government they are doing their best, but people needs to find a living to survive that is why some protocols are not being followed.

For some countries they are really flattening the curve, the thing is fighting the virus takes such a long time, you will need to go through couple of waves before really flattening it, so yeah i think its a slow pace but we are winning.
Economy of every country really are hit by the virus, specially the airline transportation, every airlines surely have lost millions of their money because of this pandemic and it will take some time before this sector opens.

[princesspoppy]

The Philippines is a third world country and obviously, my country is not ready nor prepared for this pandemic that suddenly arises from nowhere. When it was just starting, the government did not see that this will harm thousands and millions of people across the world that is why they did not ban travel flights immediately which made positive cases in the country increase rapidly.

For the past months of quarantine, the government is giving financial aid using different sectors of the government but it still not enough to feed all starving families that were affected by the sudden lockdown. What I can say is that our government is continuously borrowing money and this will put our country in great debt. Schools are suspended, while the Department of Education is still debating whether to freeze school year while there is no vaccine or to resume classes by August. Online classes won't be effective for everyone since not everyone has access to the internet.

While employees are starting to go back to work with the implemented new normal protocols, but it is still a struggle for everyone to travel because of the lack of transportation. There is also a lot of political issues and problems we are facing even in the middle of the pandemic, even protests outside. Overall, it's not like the government has not done anything, it's just that it's not enough for everyone and there are still lacking when it comes to finding a solution for this pandemic and the economy

IMO, this pandemic would have been avoided to enter in our country if travel ban were immediately carried out the moment the spread of pandemic arises, but of course the government will not do that because of tourism and whatever reason they have that will bring growth to our country, which in fact did the opposite.

Now, the government although doing or offering foods and assistance to poor and middle class families during the previous months, it is not enough for the whole month of consumption. Although some people are back to work, there are still many who can't go back to their works and don't have any other way to make a living. Hospitals seems to be a dangerous place for some people who needs medical assistance for other health problems and not because of the virus. There's still no fixed decision for this coming school year and yes, it is a big problem for some people most especially to those who don't have gadgets and internet access for the online classes they are proposing.

The economy is getting worse because of this pandemic but hopefully it will take longer. I just hope vaccine will be discover sooner so we can all go back to our normal life and for our economy to hopefully recover.

[The cure]

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.

[TheGreatPython]

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.

Hmmm I don’t think there is any difference. The same thing you’re going through in your country is likely what we are experiencing right now in my country. In every country there are people losing jobs, there are companies going out of business or losing money because of the pandemic, there are people who are hungry, and the economy is falling. It just goes on and it’s the same for every country, there is really no difference. And as for sectors that are being affected? That’s what I can’t tell.

But, if I should guess, maybe food industry is one of them, I think there might be some things lacking, since there are no means for importation. Other than keeping faith on God for possible betterment in coming days by having vaccines for corona, I guess we do not have any other option right now.

[finaleshot2016]

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.

Not only that, COVID-19 pandemic also reveals thos corrupt politicians in the government right now. Some countries are very lucky that they recovered really fast and have only few cases right now. But in our country, day by day, confirmed cases is increasing and our government is very incompetent and keep blaming the people.

[Tahsin Kabir Kollol]

I live in a developing and populous country. A large portion of our country's population lives below the poverty line and the epidemic is out of control due to poor health care in the country. An important economic sector of our country is the readymade garment industry which has been severely damaged due to the coronavirus. One of the main sources of our overseas income is remittances, which have been greatly reduced due to the epidemic. Although the government of our country has now relaxed the restrictions to keep the economic wheel in motion, in most cases due to the decline in production and demand, people have become massively unemployed and small businesses are on the verge of collapse. I think the impact of the coronavirus will stay on our economy for years and it will be difficult to get out of it and achieve economic growth.

[Freeesta]

Undoubtedly, the global economy is currently collapsing amid a pandemic. I think that some sectors of the economy will not be able to recover. For example, small private production. During the virus, entrepreneurs suffered heavy losses. No raw materials, no buyers, no workers. Many industries have closed and will not be able to recover. Traffic in the transport sector decreased, air traffic between countries was closed. Transport workers are forced to be out of work. The government provides subsidies for such purposes, but so far the main problem has not been resolved, the economy is in decline.

[michellee]

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.

Not only that, COVID-19 pandemic also reveals thos corrupt politicians in the government right now. Some countries are very lucky that they recovered really fast and have only few cases right now. But in our country, day by day, confirmed cases is increasing and our government is very incompetent and keep blaming the people.

You are right. What I am afraid now is when the new normal still be like this which every people don't use social distance and don't clean their hands after touching something, that can lead to the new cases of Covid-19. I am seeing many people do that, and even some people don't wear a mask in the public area. That makes me worry about seeing what will happen later if they still do that because we don't want to see the increase of the Covid-19 patient.

[Negotiation]

Yes the virus is making public life worse No one is doing anything to maintain social distance which is doubling the number of deaths and injuries There is no way to cure this virus unless we take precautions. The epidemic has hit the country's economy hard.

[Hustinog]

Obviously that the world are experiencing a down in terms of their market and their country's economy and because of this their economic growth are kind of going down so fast due to that the business can't operate for some couple of months and that will be a huge impact to the economy of the one's country.

[South Park]

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.

Even with the differences that each country may have I think we are bound to see similar effects all over the world even if the magnitude of those effects is not the same, the most affected sector by far is the service sector of the economy, the tourism sector , restaurants, bars and other similar businesses are suffering the most as people have less money on hand and they are not as willing to spend it as before, however other sectors that are fundamental to the economy and our well being kept running even during the lockdown and they suffered less and are already recovering because the economy could not function without them.

[amishmanish]

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.

Thank you! In fact I am waiting for my nephew who came from Brazil because he was working there and now he is in quarantine. He is negative to Covid-19 and is about to return home and I am going to teach him about bitcoin and participate in the forum. We were very concerned because he was living in Manahus in one of the cities hardest hit by Covid-19. Thanks for giving me a merit, blessings!

My pleasure. Sure the forum can be useful to everyone in one way or another. Just make sure that you follow all the rules. There are people who fall into doing the wrong sort of things resulting in a lot of spam on the forum as well as scammy actions like people joining worthless bounties with Alt-accounts. It seems easy money in the short run but eventually these people get caught and lose all trust from the community. (Check my sent trust ratings for a few examples).

Instead, if people actually focus on using the forum as a honest place where you can learn, present your ideas, find someone to collaborate, offer your skills etc. then it can help you gain something. But keep in mind that it is first and foremost a place of interaction and learning. The potential income is temporary and one should not bank on it. Instead, learn and apply those things elsewhere. Good luck to you your fellas.

Brazil I heard has also been a disaster with another one of dump political heads trying to laugh off the virus and then exposing their people to all sort of problems.

[Arkann]

Almost all countries that introduced quarantine and were isolated from each other today have very bad consequences, which have badly damaged the economy. In my opinion, a large business does not have so many problems than a medium-sized business and a small entrepreneur, who was not able to repay debts for loans, pay rent and fulfill other conditions of his business, because there was a strict quarantine and no one worked. There is nothing to talk about ordinary people, because there are no words at all to express their discontent, because people are mired in debt, have no finances for basic things, and even for food, because the government introduced incorrect quarantine conditions.

[Lucasgabd]

I like to remember the fact that in a crisis money doesn't disappear, it's not burned (most of the time).
but the cards get scrambled again and redistributed.
money changes hands.

here in Brazil we're seeing a big increase on ecommerce sales and infoproducts.

I don't have the data regarding local commerces but for sure restaurants took a hit and are selling less and only delivery/take away.

general unemployment rates are also raising, of course.

[CoinFoxs]

Covid-19 badly effects economies of country including developed countries like China and America. Here in my country covid-19 effects all type of businesses and due to lockdown business community faced a big loss.

For the first time in 68 years, Pakistan’s economy is set to contract in the outgoing fiscal year with a negative 0.38 per cent due to the adverse impact of the coronavirus pandemic coupled with the already weak financial situation before the pandemic hit the country, according to the economic survey unveiled on Thursday.

https://www.google.com/amp/s/www.livemint.com/news/world/covid-19-impact-pakistan-s-economy-contracts-for-first-time-in-68-years/amp-11591901729713.html

[metenjean]

Could some one give prediction when covid 19 is over because my country got new victim everyday more than one thousand people above, I think my government look no serious how care with covid 19 virus and very disappointed when other country have success stop covid 19 but my country keep continue going with announcement new victim every day.

[Negotiation]

The number of infections and deaths is increasing every day Many cities have been damaged But this time we don't have to think negatively Bitcoin will help us in many ways to overcome this problem. If we all start investing in bitcoin and advise others to use it they will be able to overcome the epidemic like Covid-19 very easily You have to work with faith before every work.

[Botnake]

The number of infections and deaths is increasing every day Many cities have been damaged But this time we don't have to think negatively Bitcoin will help us in many ways to overcome this problem. If we all start investing in bitcoin and advise others to use it they will be able to overcome the epidemic like Covid-19 very easily You have to work with faith before every work.

We all know the problem but I don't think investing in bitcoin would be the best solution.

What would save people from suffering financially is for them to receive a regular income like a salary or having a business, investing in bitcoin does not provide the aforementioned, and in fact it's so risky that investors could also lose their money, let's go back in 2017 where there's a FOMO, some people made money while some people also lose money, so the solution is not investing in bitcoin.Maybe finding a job online would help but the competition is also higher as this problem is felt world wide, unemployment is increasing hence the demand for jobs are big while unfortunately there are only few job offerings.

Let's bear with the government as they are finding solution, find ways to survive and most importantly learn how to save as we never know when this pandemic will end.

[Vishnu.Reang]

The number of infections and deaths is increasing every day Many cities have been damaged But this time we don't have to think negatively Bitcoin will help us in many ways to overcome this problem. If we all start investing in bitcoin and advise others to use it they will be able to overcome the epidemic like Covid-19 very easily You have to work with faith before every work.

Here in India also the situation is the same. Two weeks back, we were having on average 6,000-7,000 infections per day. But yesterday there were more than 20,000 cases. One positive is that almost 80% of the cases are concentrated in 4-5 major cities. Outside these cities, the number of cases are low. But even in the remaining areas, we are now witnessing a rise in the number of new infections.

Economy is in deathbed now. Indian population comprises of a large section of daily-wage earners. These people are without job now, and they are surviving solely on savings. There will be a lot of suffering, if it continues for another 2-3 months.