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

[Salauddin1994]

COVID- 19 stagnant world economy. From Asia to Europe, from America to Australia or Africa - closed shops, businesses everywhere production has also come down to almost zero quotas. The coronavirus epidemic has virtually shut down air travel around the world. The tourism sector stagnated locks are hanging everywhere including hotels and food shops. Human civilization, which is running at the speed of a storm, has suddenly stopped. The more it does, the more the damage will increase. For the last two months, the pace of industrial-trade-globalization, environmental pollution, everything has come to a standstill due to Corona's injury. But in the Corona-Northern world, no one still knows when people will leave home and go back to work.

[Josefjix]

Covid-19 has affected every economy of my country; the most affected one has to be commerce and production. Starvation everywhere, there had better be a vaccine to curtail this disastrous disease else everyone would die of other economic shambles before Covid-19 itself. People have lost jobs, there is incremental force in inflation and unemployment is on the high rate. How do people cope? Couple with the fact that this is a developing nation, we lack too many facilities to keep our economy going. Children have not resumed to schools, parents would struggle to send back their children back to schools eventually when the government gives orders for reopening of schools.

[CHENIEN]

The situation is hard to make a mistake about rewards after the pandemic viruses and the settlement regarding frontline staff during this time for survival is having sentimental value. I think it is a surge towards in the new generation on the different countries economy. I remember from the past on how many cases of the epidemic to conquer by our health care system despite all they deserve it .

[Olatunjex]

We all already know that most part of the world has been affected by covid 19 and so my country has not been left out. Large population of people in my country has lost their livelihoods as they depend on their daily activities for sustenance due to issue of restrictions in movement from one place to another

The sector of my country's economy going down day by day is Education sector and this is as a result of negligence of our leaders as they refused to invest properly in Education

[Majharul Saiif]

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.

First of all, it is a terrible time for all countries. Already for 5/6 months, everyone has been fighting this pandamic situation.
At this time, the country's economy is suffering the most. The sectors on which the economy of a country depends are closed. Such as the garment industry, various ministries, etc. Large private companies have also closed. In this situation, the condition of the country's economy can be said to be very deplorable.We don't know when we will get rid of it.

[angrybirdy]

It has a huge effect on our country the same as the other countries. Even though the infrastructures start their operation again, we are still facing a hard time recovering the economy. Due to the messy decision making of our government, there are so many mistakes that have been done that's why our country's economy is not in good shape.

[Rono]

Covid-19 causes people live suffer so hard and make daily life so unpeaceful.We Actually don’t  know when we get back to normal life.It takes long time to get recover.In my country Medical treatment was not enough to provide the all affected people.Government already took many action but Government service provider are  all corrupted pepole. Everywhere they full fill their own Pocket heavy  so the thing  is not good.Primary level pepole can not find the general services of hospital they are facing many problems.Government Look closely this situation. 

[KrisAlex18]

Amid with the existence of covid-19 pandemic, I can say that its effect on the economy of the country where I currently reside is really negative. It is all due to the reason that our country have experienced a serious economic declination due to the 3-4 months community quarantine being implemented by our government as a response to prevent the further spreading of the infectious disease which brought business establishments to be temporarily close as set by the guideline by our health officials and the department assigned to take care of the issue regarding this pandemic.

The effect was clearly reflected on our economic status because many people are tend to stay indoors which make them jobless because work places are closed for a while. With that, the production of goods and services were temporarily postponed and stop that brings shortage and lack to the basic necessities of people because local government tend to maximize all goods to be distributed on affected families as ordered by our president.

With the economic declination and the need to sustain the needs of the citizens that are affected by the pandemic, our government have already make a move of borrowing funds from the World Bank which clearly states that we are running out of fund and that means our economy is facing a serious negative effect because of the pandemic. Up until now, we are still struggling to recover our economic loss following the "new normal" set up which will gladly lessen the declination and will somehow help our economy to recover which will of course take time to happen.

[kawetsriyanto]

Here, in my country, many people cannot work because we must stay at home. This makes some economic sectors to be paralyzed. For example tourism, traditional markets, public transportation, and many other sectors that are involved in many people. Therefore, most people in my country are hard to get income, they begin to force themselves to go outside even if to face big risks of being exposed by the virus. To be honest, government support is lacking here. People are trying to recover their financial/economic problems themselves. 

[FlightyPouch]

It has a huge effect on our country the same as the other countries. Even though the infrastructures start their operation again, we are still facing a hard time recovering the economy. Due to the messy decision making of our government, there are so many mistakes that have been done that's why our country's economy is not in good shape.

Well, the pandemic is enough to make economy in a bad shape, adding the government's wrong and messy decisions there then that is just worst. Our government are also having a hard time dealing with the pandemic, that is the same with out countries but the problem is that they are not mainly focussing on the main problem that they even created a law to protect themselves to the public.

Instead of them talking whats wrong, they don't admit it and keep in doing what they think is right without listening to their people. Most of their decisions even caused the increase of the cases here.

[naikturun]

Indonesia is a developing country with a population of around 267 million people with a large foreign debt of USD 389.3 billion. Indonesia was a country that greatly underestimated corona at first. When many other countries have contracted corona, Indonesia's positive cases are still zero. Early March 1,2,3 patients were found, now the number of corona positive patients is (Positive 38,277, Healed 14,531, Death 2,134).

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in my opinion the corona case in our country is not as bad as reported, a lot of media coverage and reporting on a large scale, and some elements also take advantage of this situation to take advantage, if indeed the number of cases is actually the same as reported should be now more cases, but what happened, I saw that around the crowd no one was wearing a mask or had to make a minimum distance of 1 meter, I was not underestimating corona but it seemed that this case had been manipulated by some elements to take advantage.

[abhiseshakana]

in my opinion the corona case in our country is not as bad as reported, a lot of media coverage and reporting on a large scale, and some elements also take advantage of this situation to take advantage, if indeed the number of cases is actually the same as reported should be now more cases, but what happened, I saw that around the crowd no one was wearing a mask or had to make a minimum distance of 1 meter, I was not underestimating corona but it seemed that this case had been manipulated by some elements to take advantage.

I got the actual information from several colleagues who were directly involved. There were several possibilities for manipulation because many parties were investing in rapid test equipment, if the corona decreased, the investment would bring in huge losses. The pandemic issue has been monetized in order to bring benefits to several parties, and there are even a number of hospitals that are miserably diagnosing patients with covid so they can get incentives from the government.

Society is already immune to Corona because it's not too frightening for many people, because in their minds what is even scarier is not having money. Many people's minds have changed, the effects of terror of death due to corona are no more terrible than the effects of hunger. Continuous information about covid solutions is only a vaccine, making people consider living with covid is a new normal and they just need to adapt.

[cheezcarls]

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 terrible. Definitely terrible. Cases are still rising in the Philippines due to the incompetent decisions of the government. Just yesterday, LSIs (Locally Stranded Individuals) are staying at a big memorial complex where social distancing was not practiced, and it was conducted and organized by the national government before they will be sent home to their respective provinces courtesy of the LGUs (Local Government Units).

Each city and province are classified in different levels of quarantine (according to strictest):

1 - Enhanced Community Quarantine (ECQ or simply hard lockdown)
2 - Modified Enhanced Community Quarantine (MECQ or slightly lockdown)
3 - General Community Quarantine (limited movement of people only for buying essential goods and services, businesses at limited capacity, borders closed)
4 - Modified General Community Quarantine (only seniors and children below 21 years old are not allowed to go out, most businesses resumed at limited capacity, borders closed)

In case that some low quarantine areas are having some infected patients, there is what we call granular lockdowns like sealing off a house or group of houses or an entire area (barangay or purok) within the radius for 2 weeks, while the LGUs are the ones providing essential goods to the affected.

Most businesses here are filing of bankruptcy or ceasing operations due to huge losses during the pandemic. Huge effect in our economy nowadays. 

[Mame89]

Indonesia is a developing country with a population of around 267 million people with a large foreign debt of USD 389.3 billion. Indonesia was a country that greatly underestimated corona at first. When many other countries have contracted corona, Indonesia's positive cases are still zero. Early March 1,2,3 patients were found, now the number of corona positive patients is (Positive 38,277, Healed 14,531, Death 2,134).

.

in my opinion the corona case in our country is not as bad as reported, a lot of media coverage and reporting on a large scale, and some elements also take advantage of this situation to take advantage, if indeed the number of cases is actually the same as reported should be now more cases, but what happened, I saw that around the crowd no one was wearing a mask or had to make a minimum distance of 1 meter, I was not underestimating corona but it seemed that this case had been manipulated by some elements to take advantage.

all the news reported in the media or television did not match what was reported. I am sure of that. I have compared the news with the number of victims of the pandemic not according to what was reported.I don't know what. My comparison of every report in the media I look for on the web news where affected by the number of pandemics is not appropriate. Behind the scenes all this is nothing actual. The government is playing with us.very sad to be treated with this..

[raidarksword]

World crisis is inevitable because of the effect of corona virus scares that threaten many lives at risk and already killed thousands of people all over the globe. This pandemic brought negativity towards the economy that many people losses their jobs because of majority of business were force to shutdown in our country due to danger the lives of employees. Vaccine will only be our savior and that's one thing we need to have as soon as possible. 

[Janation]

World crisis is inevitable because of the effect of corona virus scares that threaten many lives at risk and already killed thousands of people all over the globe. This pandemic brought negativity towards the economy that many people losses their jobs because of majority of business were force to shutdown in our country due to danger the lives of employees. Vaccine will only be our savior and that's one thing we need to have as soon as possible. 

Vaccine is not just the answer, it is always the people and the government.

Remember that there are countries that flattened the curve without the vaccine. That just proves that disciplined people and great decision skills of the government could stop the contamination of the virus. It is much better with the vaccine and if Russia is done with it, this would be better.

[Savemore]

Our government is keep borrowing a lot of money from other nations and it seems that we are now highly in debt because of the pandemic, the economy in my country is keep shrinking even though the businesses are now starting to operate again. All of the citizens of our country is affected because of the virus and it seems it will take a long period of time before a vaccine to be discover in order to return to our normal lives like before. The global economy now enters global depression, it is also expected that many people around the world are suffering because of the pandemic.

[BigBos]

to be honest, at this time my country adopted a new protocol, and that made activities return to normal in the midst of this pandemic. I also feel that at this time the economy in my country has started to improve. although previously COVID really affected the economic system in my country to create a lot of new unemployment, but now the recovery has begun.

[The cure]

In my country there's a minimal improvement in the economy, establishments has already begun to operate with guidelines to be followed to keep their people safe and to prevent from getting infected, but it is really struggling to those people who goes to work due to lack of transportation because public transportation were still suspended. And even though many have lost their jobs most of the people trying to find some alternative ways on how to earn. Sad to say that the number of infected here are continues to increase,and the government has no control over it.

[yulchatar]

Almost all countries have experienced the crisis due to the coronavirus. Many industries have suffered in my country, I think as in many other countries - transport, trade, restaurants, cafes, cinemas. A large amount money was allocated from the country's budget to pay for the work of medical workers but it's insufficient. In addition, the national currency has strengthened, because of this, the prices for locally produced goods have risen. We had a crisis before the virus but now it's even worse.