How in the world we going to restart the world economy ?

[spy100]

How in the world we going to restart the world economy ?

Let's let the dollars circulate  
https://www.youtube.com/watch?v=HvNlkW_sNcM

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[jackg]

What terratory are you in? In the UK we only lost about 20% of the economy in March even due to lockdown (so enough people bought things and did things online while being off).. Most countries seemed to furlough people too so they did get "free" money from the government.

I don't think it should be up to a government to give away free money, maybe give money in exchange for efforts people have wput in to social distance, isolate or volunteer to help but you can't print enoghb money for everyone to start a company...

[spy100]

What terratory are you in? In the UK we only lost about 20% of the economy in March even due to lockdown (so enough people bought things and did things online while being off).. Most countries seemed to furlough people too so they did get "free" money from the government.

I don't think it should be up to a government to give away free money, maybe give money in exchange for efforts people have wput in to social distance, isolate or volunteer to help but you can't print enoghb money for everyone to start a company...

I am in "Mainland Europe" it's all dead here ...
"In the UK we only lost about 20% of the economy in March" wait for it ... now people are spending savings they made...wait until savings gone ... 

[jackg]

Not including furloughed staff, unemployment rates are at 8%.afaik which is 2.5x the standard 3% thst was expected. So yes more are without funds but at the same time more aren't spending money on things like restaurants and pubs so they should still have funds for a while....

A lot of unemployed staff will probably refind employment within the next 3 years if they don't find it straight away as the economy recovers. Already the stock market seems to be reaching higher on whole world indexes and Europe ex UK (the UK is taking a bit longer to grow but I think that's due to airlines and travel companies based here).

[Darkuso]

It has been dead in Venezuela for years, so nothing has changed here. Hahaha, that is why I have all my trust on bitcoin and few other cryptos.

But being honest is really hard to predict mostly because on autumn and winter everything could be worst.

[so98nn]

What terratory are you in? In the UK we only lost about 20% of the economy in March even due to lockdown (so enough people bought things and did things online while being off).. Most countries seemed to furlough people too so they did get "free" money from the government.

I don't think it should be up to a government to give away free money, maybe give money in exchange for efforts people have wput in to social distance, isolate or volunteer to help but you can't print enoghb money for everyone to start a company...

Yeah, same thing goes in India where government decided to give out 271 billion dollar (20 Lakh Crore) stimulus package to businesses itself. This will help small scale to midcap business restart from where they left and fill up their losses if any.

On the contrary I also believe that people have lost nothing since as whole world was stopped at one point. This means the whole chain from producer to middleman to consumer was halted. Thus the loss which is being hiked so much these days doesn't really exists.

It's just that we have lagged behind a lot and it won't take much time before economy resets itself.

[Latviand]

What terratory are you in? In the UK we only lost about 20% of the economy in March even due to lockdown (so enough people bought things and did things online while being off).. Most countries seemed to furlough people too so they did get "free" money from the government.

I don't think it should be up to a government to give away free money, maybe give money in exchange for efforts people have wput in to social distance, isolate or volunteer to help but you can't print enoghb money for everyone to start a company...

Here in Philippines, they don't allocate the proper budget for this pandemic. There is a budget that's allocated to help those families in need amidst this pandemic but not all of them received even a single cent. The government here is not that strategic enough when it comes to planning on how the economy will recover from the damages brought by this pandemic.

The authorities here are more focused on some other issues than the economic issues. I heard that our President already borrowed huge a lot of budget from the World Bank and other Organizations but I don't think that they properly used it. I don't think that if the government's mindset is not focus on the greater good of its people, then the economy will really have a hard time to restart even the world economy.

[jackg]

On the contrary I also believe that people have lost nothing since as whole world was stopped at one point. This means the whole chain from producer to middleman to consumer was halted. Thus the loss which is being hiked so much these days doesn't really exists.

It's just that we have lagged behind a lot and it won't take much time before economy resets itself.

Yeah I think there is a point that if one country bails out the weak companies during a pandemic like the US or China may have done to an extent then other countries have to do the same to remain stable.

A lot of economies are propped up most of the time by a constant income supply from pensions into companies so that cash flow being hit will probably cause additional issues..  Although companies should've forseen problems since December.

[btc_angela]

On the contrary I also believe that people have lost nothing since as whole world was stopped at one point. This means the whole chain from producer to middleman to consumer was halted. Thus the loss which is being hiked so much these days doesn't really exists.

It's just that we have lagged behind a lot and it won't take much time before economy resets itself.

Yeah I think there is a point that if one country bails out the weak companies during a pandemic like the US or China may have done to an extent then other countries have to do the same to remain stable.

Bailing out companies is already a thing even before the pandemic, but its just prevalent today specially those countries which has a weak economy to begin with.

A lot of economies are propped up most of the time by a constant income supply from pensions into companies so that cash flow being hit will probably cause additional issues..  Although companies should've forseen problems since December.

I guess its going to be cyclical, if one company close due to the effect of corona virus, there could be hundred that will open and take advantage, like food deliveries or even taxi hauling services. So definitely, there's a huge chance that the majority of the countries will survived this pandemic.

[BitcoinTurk]

How in the world we going to restart the world economy ?

Let's let the dollars circulate  
https://www.youtube.com/watch?v=HvNlkW_sNcM

I want to start my message by making a correction like this: "The world economy is not forming again, it is officially collapsing."
Yes, I evaluate this situation as follows because the economies of all world countries continue to shrink and the people of the world are getting poorer with this difficult process we are going through. If we think that the effects of this pandemic and economic crisis that we are going through will continue for a very long time, I think that the world economy will not be able to recover again soon and that much more difficult economic conditions are waiting for us. In addition, there is a fact that all the solutions produced to spend this difficult process in the short term will unfortunately cause serious damage in the long term.

[abhiseshakana]

We will not be able to restart the economy, who's can restore the global economy is the one who created the system. Even a country as big as China, which is currently dominating trade and finance, still has difficulty restoring the economy.

The system maker has created an integrated and interlocking system that creates multiple layers to make his wealth enduring. The 3-5% group controls 93-95% wealth and will be maintained as such. Times may change but the system is still formed by them. After gold was dominated by a group of people, the Bretton Woods system was removed specifically for the US. This is what destroys the wealth of the system owner by dominating the currency.

+/- 200 compared to +/- 780 is a comparison of the number of countries in the world and the number of US military bases abroad. This can be a deterrent effect for the US and a determining factor. But the US is only a proxy to achieve the interests of this group.

[Pectivark]

If the epidemic is not brought under control, then every attempt by governments to restore their economic activities will end in failure.

Governments that have started the policy of home quarantine should continue with the gradual restoration of life through social distancing.
As for governments that began with social divergence as a solution, they must continue to do so.

After controlling the epidemic, the restoration of the economy will be rapid because the citizens are ready to return to work and thus increase the activity in tourism, buying and selling easily,

We are talking about an economic crisis, not a financial one.

[FanEagle]

There are nations that are expecting the citizens to pay for this pandemic as well. Not all nations are doing what UK or USA did because if they do the same thing and print money their money will become worthless so there is no way they could do anything similar at all. Hence, right now governments are asking the wealthy people to send money, created this weird charity type of organization or whatever it is called and all the money goes there regarding corona and all the people affected by corona will be spent from there as well.

It is an interesting thing but if it works there is not much to do. After all rich people became rich thanks to those people who are in need, and now it is time to pay back to those people so I kind of understand the logic and even support it, I just wish government could have stepped in as well.

[TimeTeller]

If the epidemic is not brought under control, then every attempt by governments to restore their economic activities will end in failure.

Governments that have started the policy of home quarantine should continue with the gradual restoration of life through social distancing.
As for governments that began with social divergence as a solution, they must continue to do so.

After controlling the epidemic, the restoration of the economy will be rapid because the citizens are ready to return to work and thus increase the activity in tourism, buying and selling easily,

We are talking about an economic crisis, not a financial one.

We can always conquer this situation that we are in.
How many times the humanity experienced pandemic or economic downfall, yet, we are still here?
This is just another test to humanity, and I strongly believe, there's always a way to overcome such struggle.

[metenjean]

The world keep continue for growing their economic and lost population to make economic keep exist for long term, they will try thousand way how to get benefit from each opinion giving to public, now day many countries faced economic crisis with covid 19 and they have looking for new way how to stop this virus and bring back to recovery economic world.

[Mauser]

I think it's hard to judge the hole economy just after a few months. We should wait a few more months to actually look at the economy numbers.People still have money in their pockets and the governments are print more of it to inject into the economy.
Due to corona every big investment is kind of on hold until the we are having better outlooks for the future. Home sellers are waiting instead of selling at a discount at the moment. Car buyers are waiting too for better prices or just an up tick in employment again.
I believe for most people cash is king at the moment. Investments will pick up again.

[Lorence.xD]

The government and the people of the country should work together and do their part to help build a solution to this menacing problem, economic restart is a hard thing to do if there is no significant help from the government, they should create a method for sanitizing workers safely in their workplace and on the mass part, they should practice discipline and social distancing. The government should make a very strategic plan on managing their finances because in this time of economic decline, a constant flow in finance is the only lifeline of a country, we can't simply get all the money from businesses since they are affected too. I hope that this pandemic taught us about the importance of health and how investing on it will make a difference.

[AniviaBtc]

The world keep continue for growing their economic and lost population to make economic keep exist for long term, they will try thousand way how to get benefit from each opinion giving to public, now day many countries faced economic crisis with covid 19 and they have looking for new way how to stop this virus and bring back to recovery economic world.

Once the Covid-19 become weaker and the number of cases shrinked , little by little the government should allow small and large businesses to operate with a new set of rules and regulations. By that, businesses will be able to pay reasonable taxes and I know that there is still a virus but somehow we can recover from economic crisis slowly.

It is not that instant, I know that it is hard to handle the safety of all people. The government should advertise precautionary measures to keep themselves away from the risk of getting the disease once businesses are open.

Right now, the government should focus more on helping the hospitals do their duty and eliminate the virus by allocating them the budget to handle and treat people with proper equipments.

[bitbunnny]

I don't think there is a general receipe to recover economy. Each and every country is unique and has different conditions and starting position.
EU is trying to help the member states through financial injections in the form of special financial mechanisms. That might help but EU will pay off such funds in another 30 years or so.
First, there should be conditions for economies to recover and at the first place that means control of pandemic. Unfortunately, in.some countries situation is getting worse and for the fall the predictions are very black. To be.honest, I don't think that countries actualy have feasible plans for recovery.

[CarnagexD]

How in the world we going to restart the world economy ?

Let's let the dollars circulate  
https://www.youtube.com/watch?v=HvNlkW_sNcM

I want to start my message by making a correction like this: "The world economy is not forming again, it is officially collapsing."
Yes, I evaluate this situation as follows because the economies of all world countries continue to shrink and the people of the world are getting poorer with this difficult process we are going through. If we think that the effects of this pandemic and economic crisis that we are going through will continue for a very long time, I think that the world economy will not be able to recover again soon and that much more difficult economic conditions are waiting for us. In addition, there is a fact that all the solutions produced to spend this difficult process in the short term will unfortunately cause serious damage in the long term.

Most of the countries right now are really suffering from economic crisis brought by this pandemic. The government should prioritize both health sector and manufacturing sector so that we can somehow slowly recover from all of the expenses that was spent by the government to fight this virus, like PPEs and other health equipments. I know that taxes will extremely increase and some of the people are unable to go to work due to the risk of this Covid-19. It is hard to recover from this downfall right now because the number of cases is continuously increasing than decreasing. World economy will surely recover soon but it will take a lot of time and effort before we achieve that. Economic crisis is not an easy issue to handle as it can affect a lot of sectors of the government. I believe that governments will think of an effective solution to overcome this struggle and the people should cooperate in making the economy grow once again.