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

[finaleshot2016]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

The government cannot control the whole economy, so they cannot do much against the economical damage of a pandemic. They will take some action (trying to boost the economy by various means), but the real economic situation will always determine the people's day-to-day life.

Third world country had made struggle before in growing the economy even without the pandemic. Now that we are in pamdemic, it just make worst. However, there are certain countries could still manage to overcome and grow their economy just like china and other rich country. It would be easier for them to recover their loss after lending money to those who are in need nowadays. Through giving debts having with the interest this may manage to recover their losses now due to pandemic. Which means that in the long run it could be China and other rich country lending money would relatively easy and fast for them to recover.

Yes, it's very worst but there's a solution that should've done earlier to avoid this increase in unemployment that affects the economy. Some countries are very good at handling pandemic situation and the citizens are very lucky to have very competent leaders. Our country have a lot of debts right now and I doubt an increase in economic growth. We don't know if it's spent for the people or for their own benefits and other leaders are prioritizing some cases that aren't related to the pandemic situation we're facing.

China's money trap is very effective in this kind of situation, it's something related to the pandemic virus that spreads all over the world.

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[panganib999]

As for what I can see and observe from the happenings being stated on the news and what I can see in my community, I can say that this pandemic have brought negative effects on my country's economy since mass production of goods are temporarily down which brings for the price of basic necessities to rise up due to public demand and shortage on supply. The economic sector is really affected on this because of no production being done for the past months of this pandemic that brings to have quarantine leading workers to stay at home except from nationa security personnel and medical practitioners.

The prices of livestocks have also increase although we have undergone a price freeze for a moment of time, still merchants are in need to earn their profit by increasing the price. What the point is that almost all sectors are directly and indirectly affected by this pandemic and it will really take time for the recovery to come using this "new normal" approach on the way of living while vaccine is still not yet discovered.

[Mame89]

As for what I can see and observe from the happenings being stated on the news and what I can see in my community, I can say that this pandemic have brought negative effects on my country's economy since mass production of goods are temporarily down which brings for the price of basic necessities to rise up due to public demand and shortage on supply. The economic sector is really affected on this because of no production being done for the past months of this pandemic that brings to have quarantine leading workers to stay at home except from nationa security personnel and medical practitioners.

The prices of livestocks have also increase although we have undergone a price freeze for a moment of time, still merchants are in need to earn their profit by increasing the price. What the point is that almost all sectors are directly and indirectly affected by this pandemic and it will really take time for the recovery to come using this "new normal" approach on the way of living while vaccine is still not yet discovered.

well very sad, in my country as well as all the economy was stopped because the death of pandemic victims increased.the pandemic is no longer in my country, yes even though there is no pandemic in the country the community still uses protocol rules to be vigilant. I hope that this pandemic will quickly disappear...?

[apaben]

It is really sad to say that the unemployment rates in my country is keep climbing, the debt of our country is also growing because our government doesn't have sources anymore of funds in order to feed the poorest and the poor and give assistance to the people and even business that are affected by the COVID-19.

There are also a oot of major projects that are been postponed due to the lack of budget because of the pandemic. There is a recent research posted that it will take 10 years before our economy to fully recovered and it is really sad reality.

The government cannot control the whole economy, so they cannot do much against the economical damage of a pandemic. They will take some action (trying to boost the economy by various means), but the real economic situation will always determine the people's day-to-day life.

indeed all this was neglected due to the pandemic disaster. The government was also trying to find a way to prevent a deep global crisis from happening and we can only observe it? if like this continue to not find a solution in the future sooner or later it will definitely be severe that I do not want to experience. just pray that all these calamities disappear and return to activities such as...??

[Bezobraznike]

   It's not good! It's all I have to say! Numbers are rising again, there's no quarantine but people don't get out, some sectors
suffer again. Demonstrations started against government, people are on the streets making everything even harder. Bad days,
bad year, how else to put it.
   As I see it's almost the same in many others countries. Demonstrations, Covidvirus, economy is falling apart. And I assume
that we will see worst days before we see good days again!

[Axelseseclevz]

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.

Almost all government sectors are now getting downs caused by covid pandemic. The economy of all country that affected with this virus is near collapse that's why other country including my country impleting now a new normal to save the economy despite of the continuous increase of covid positive. It's really so sad. Let us pray that the experts will find the cure for this virus immediately.

[Genemind]

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 country is one of the high-risk countries from Covid-19. Because of the pandemic, lots of companies were forced to close their businesses and lots of people have lost their jobs. It is also expected that the tourism industry in our country would witness major impacts as it closed its borders to other countries. Our government is now on a deep debt just to sustain the whole country while fighting against this pandemic. Despite the lockdown and lots of restrictions, the number of infected people here is still rising. The situation is actually getting worse and we have no choice but to believe that everything will still get better and our economy could still recover.

[bakasabo]

Our country is one of the high-risk countries from Covid-19. Because of the pandemic, lots of companies were forced to close their businesses and lots of people have lost their jobs. It is also expected that the tourism industry in our country would witness major impacts as it closed its borders to other countries. Our government is now on a deep debt just to sustain the whole country while fighting against this pandemic. Despite the lockdown and lots of restrictions, the number of infected people here is still rising. The situation is actually getting worse and we have no choice but to believe that everything will still get better and our economy could still recover.

That is sad to hear. Does your government somehow support their citizens? Monthly allowance? Support of a small and large business?
In my country government allocated some amount amount to dying industries like tourism and restaurant business (this is not the biggest source of income). But they are strangely selective. For example small business has almost no support, same is no allowance for those who pays taxes regular.

[Finestream]

Our country is one of the high-risk countries from Covid-19. Because of the pandemic, lots of companies were forced to close their businesses and lots of people have lost their jobs. It is also expected that the tourism industry in our country would witness major impacts as it closed its borders to other countries. Our government is now on a deep debt just to sustain the whole country while fighting against this pandemic. Despite the lockdown and lots of restrictions, the number of infected people here is still rising. The situation is actually getting worse and we have no choice but to believe that everything will still get better and our economy could still recover.

That is sad to hear. Does your government somehow support their citizens? Monthly allowance? Support of a small and large business?
In my country government allocated some amount amount to dying industries like tourism and restaurant business (this is not the biggest source of income). But they are strangely selective. For example small business has almost no support, same is no allowance for those who pays taxes regular.

In our country there was a monthly allowance given before, but I think they don't have the funds already for that now since they are not actively giving compared to the previous months. 

Thing is, monthly allowance is only possible as temporary support but this pandemic has gone longer than expected already, so the government will run out of funds, that is the reason they might to open the economy despite of the health risks to get funds to use for the pandemic, so it's really hard to expect at the moment since our economy are in trouble and we should be working well to ensure that we can survive.

[uneng]

In our country there was a monthly allowance given before, but I think they don't have the funds already for that now since they are not actively giving compared to the previous months. 

Thing is, monthly allowance is only possible as temporary support but this pandemic has gone longer than expected already, so the government will run out of funds, that is the reason they might to open the economy despite of the health risks to get funds to use for the pandemic, so it's really hard to expect at the moment since our economy are in trouble and we should be working well to ensure that we can survive.

Sooner or later all the countries will have to open the businesses again (if they haven't done yet). It's impossible to give free money to millions of citizens every month while the productive sector doesn't work properly.
We are all being affected by this pandemic, but it can only get worse if the government keeps forcing people to stop working to stay at home. Where I live economical activities are slowly normalizing, although the infection rates aren't decreasing. But as there isn't a perfect solution for now, I don't see it negatively...

[iged_war]

Our country already have a lot of debt even before the pandemic and our Government can't afford to pay it. Now, its pandemic our debt grown but still lot of my fellow citizens are not in good condition. Some has no food to eat while other lose their job. Almost all offices and establishments stop their operation during lock down. Even a one day stop in any operation, can have an effect of million of lose. So what more if it is weeks, month or moths.

national or global economy will stop growing if this condition continue for long time. no more people will able to fullfill their daily needs, their personal income and spending will decrease alot. many manufacture industry could not survive in this condition and there is no another way to cut some employees.

[Blackrain13]

Economy of those very affected county will surely collapse if this pandemic continue for a long time. Hoping that the cure will be find earlier. Also the life of many people getting worst because the unemployed keep on increasing and the food supply is not enough and other people doesn't have money to buy their daily needs. How the economy recover if the covid 19 virus continue to spread and give difficulty to the life of the people.

[Restmand]

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 our country a lot of destruction has been done because of this pandemic. One is private schools tend or force to have their classes in any means just to get income because they are depending on students monthly fees unlike public schools without opening of classes for several months or years teachers can still live the same because they still receive their monthly salary. One thing a lot of seafarers are being standby because no air transportation are permitted to fly. Locally a lot of people lost their jobs because a lot of companies are being close. Maybe all of us felt the hardship of this time, I just hope and pray that somebody can discover medicine for this virus.

[bakasabo]

In our country a lot of destruction has been done because of this pandemic. One is private schools tend or force to have their classes in any means just to get income because they are depending on students monthly fees unlike public schools without opening of classes for several months or years teachers can still live the same because they still receive their monthly salary.

Funny situation was in my country during strict lockdown. Most of the employee were sent home to work from there, everything were closed, schools were closed (even though kids have to study remotely), but kinder garden and private kinder gardens were open. Such a stupid decision. If you have a kid that goes to kinder garden, you must either be with him at home, or sign the paper that you take all responsibility if he gets sick...

[Casdinyard]

This pandemic have brought a serious negative impact on the country where I currently reside which is based on what I can see on my community as well as what I can hear and read on the news. We belong to the third world country which is basically we are having a hard time managing to start up our country's economy since the pandemic have started. All of us have been seriously and directly affected because of the implementing community quarantine that let us to stay at home with a no work no pay basis but some are lucky to work from home which depends on the work they have.

Covid-19 pandemic have serious effect on our economy since we have temporarily close down the business establishments that suddenly makes people jobless and makes the good and services limited to exhibit physical distancing and stay at home policy. Currently, our country do still have a rising case of infected but our economy is slowly being open following the new normal set up that is established by our government. Hopefully in the upcoming months, our economy will slowly recover from the economic declination we have because of the pandemic.

[Inkdatar]

This covid19 has a huge impact to our country's economy so most do not have work. People are struggling to survive since the government cannot provide all the necessity of many. Business were affected due to close and still in community quarantine.  Actually globally are suffering this kind of crisis so hoping this would end, we could go back to normal and there is an availability of vaccine.

[@SumiaShayna57]

The global epidemic caused by the new coronavirus is one aspect of this crisis. Another serious aspect is the economy. The crisis has plunged the global economy into a catastrophe. The coronavirus has directly hit sectors such as retail, housing, education, entertainment, hotels and restaurants. This is called the beginning of the cataclysm. The retail sector was already under pressure from e-commerce sites. It is now in a crisis of existence in rich countries as issues like lockdown are now associated with it. In many cases, it may be seen that in the current situation, the closed shops may not reopen. This is a situation where one can only hope to return to normal life. It may not be possible to recover from the economic damage that has been done and is being done.

[Reatim]

This covid19 has a huge impact to our country's economy so most do not have work. People are struggling to survive since the government cannot provide all the necessity of many. Business were affected due to close and still in community quarantine.  Actually globally are suffering this kind of crisis so hoping this would end, we could go back to normal and there is an availability of vaccine.

There is a good effect also  because many of those people that lose their jobs are now starting to learn having business.
More online small entrepreneur now are building their own businesses.

Here in our community so many skills had been developed this pandemic.

Some are cooking skills and some are physical skills towards services.

Meaning let us not just look for the negative effect instead try to check the positive.

[Shimmiry]

This covid19 has a huge impact to our country's economy so most do not have work. People are struggling to survive since the government cannot provide all the necessity of many. Business were affected due to close and still in community quarantine.  Actually globally are suffering this kind of crisis so hoping this would end, we could go back to normal and there is an availability of vaccine.

There is a good effect also  because many of those people that lose their jobs are now starting to learn having business.
More online small entrepreneur now are building their own businesses.

Here in our community so many skills had been developed this pandemic.

Some are cooking skills and some are physical skills towards services.

Meaning let us not just look for the negative effect instead try to check the positive.

Most people who temporarily lost their jobs due to the pandemic of COVID-19 are starting to make their own online business for them to support the daily needs of their family, but there are some online business owners and online sellers who don't have enough earning to support all of their necessities and pay their monthly bills, that is why a lot of people still look and apply for a regular job.

[Arkann]

The impression is that everything has turned upside down. People are in poverty because they do not have the money to pay their bills and even very often do not have the opportunity to buy their own food. In addition, it is very significant that large industries, owned by oligarchs and members of government families, work without problems and make a profit, but they have introduced other work schedules and rules for people to reduce wages and the number of workers, explaining that that there is no demand for products. At the same time, small businesses are practically dying, since no one gave them permission and opportunities to work due to quarantine. I have no idea how long people will endure such a situation in the country.