Is corona virus crisis changing economical equations around the world?

[TheGreatPython]

Of course this makes changes in economic statistics in a country and each country has a different way of dealing with it, of course developed countries and their economies that were originally very good and stable will be easier to update.
but still they need time to do that, because everything is not easy and has an impact on the global not only 1 or 2 countries.

While every country is suffering from it and yeah the damage done is different for each country but actually I am surprised how China came out so clean despite being the first victim, they never had the worst numbers in terms of deaths and cases.

These times actually helped political parties to hide their horrible economic situations behind the corona virus because the damage done by virus is being enlarged and shown to us while the actual damage is not as much. Now they are forcing the vaccine to their people despite knowing that not everyone can afford it, neither the virus is as deadly as it was a few months before.

Anyway, this pandemic also influenced the digital currency's market and changed it.

When stock markets are not performing well, investors do not have big other options except gold and cryptos kind of "alternative investment opportunities". So, pandemic is having its own consequences on crypto space as well.

[Mauser]

Of course this makes changes in economic statistics in a country and each country has a different way of dealing with it, of course developed countries and their economies that were originally very good and stable will be easier to update.
but still they need time to do that, because everything is not easy and has an impact on the global not only 1 or 2 countries.

While every country is suffering from it and yeah the damage done is different for each country but actually I am surprised how China came out so clean despite being the first victim, they never had the worst numbers in terms of deaths and cases.

These times actually helped political parties to hide their horrible economic situations behind the corona virus because the damage done by virus is being enlarged and shown to us while the actual damage is not as much.

Now they are forcing the vaccine to their people despite knowing that not everyone can afford it, neither the virus is as deadly as it was a few months before.

I agree with you that politicians have it much easier right now to hide their bad budget and can more easily addord new funds. Stiumulous packages and corona relief funds give politicians much more money during crisis times to give around. Also the oversight is much more relaxed during times of crisis. Politicians dont have to fear many consequences when misusing funds.

[Freeesta]

To some extent, the coronavirus benefits the whole world, people began to use non-cash payments more often, began to value their health and take care of it. Of course, the virus damages the economies of countries, but this can serve to develop the economic system in the future so that this situation does not happen again.

[Vishnu.Reang]

Unfortunately for Trump he was unable to read people correctly this time, economic considerations took a backseat and the biggest concern for the US citizens became the pandemic, as such a great deal of people disagreed with the handling of the pandemic by the US government, this without a doubt played a big factor in determining who will win, and since we are talking about the most powerful country of the world this will change history as well, I just hope it is for the better.

What he failed to understand was that the economic condition was also closely linked to the well being of the population. He could have taken a cautious approach against the pandemic, rather than being a motormouth. The infections and deaths would have happened anyway (even the European countries which went through tough lockdowns reported more deaths per million when compared to the United States), but it was Trump's refusal to take the pandemic seriously which cost him the election.

[Gozie51]

Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?

I'm starting to look at it differently with what America is going through now. First, I think covid-19 problem was why Trump had a difficult time coming back to white house (even the political fight is still on). Also many countries have changed the way to live, hard economy makes the government to print money. Like the US that keeps trying to help the affected and the budgetary allocation is changing to take care of covid-19 patients and challenges.

[doomloop]

The covid pandemic is like resetting the economic order around the world, where the government has the opportunity to implement a new economic system that was difficult to implement before the pandemic. This will prove to the future whether the new solutions are really successful in overcoming the crisis problem.

This also tests the flexibility of the economic structures because we all know why USA suffered so much and that was because of their rigid and one dimensional president Trump. I am quite sure if a calm headed guy handled the situation, it would have been a lot better.

Even during the BLM movement the actions Trump took were never serious and gentle, someone who believes in an eye for an eye cannot succeed and I am really glad he lost because he was like plague to their country. One can understand his poor attitude by the way he reacted to his loss in the elections by being salty and aggressive instead of accepting the loss and stepping back.

[kolbalish]

No doubt about that because the year 2020 is full of control of coronavirus. It damages the world economy badly and people's health. Economical equations have many elements so if one source of element decrease it affects the whole ratio. Corona already hampers much so in now time people trying to overcome this. Good starting and I believe one day we will overcome the whole pandemic period.

[Vaskiy]

The economical situation around the world has changed. The system remains the same. More changes were being made by the governments on their economic policies. This changes have been making positive impact over the economic development. Slowly every country have been experiencing slow and steady growth, but the recent British covid-19 is once again causing shutdown on different locations. Anyhow there is hope that 2021 will be better than 2020.

[Smartprofit]

Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?

In my opinion, countries that do not take inappropriate actions during the Covid-19 coronavirus pandemic will significantly increase their status in the world. 

It is very easy to panic in an atmosphere of fear.  However, inadequate actions of government officials will lead to serious problems in the economy.  Small and medium businesses could die from a pandemic, and unemployment could rise. 

In such crisis situations, it is necessary to make informed management decisions. 

An example is China.  China's actions were absolutely adequate to the situation that had arisen. 

As a consequence, China has a chance to significantly increase its status in the world after the end of the coronavirus pandemic.

[mezzaluna]

Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?

Third world countries are surely affected by this greatly and some countries are already using this pandemic as a platform that could boost their credibility during the legitimate campaign period. It also shows that some countries without the necessary plan to mitigate the virus is really affected greatly and this greatly shows the incompetency of officials. Their economical statuses will really show which is their true governing style which is really not high tier.

[bosede1]

Coronavirus one way or the other has a lot to tell on mot economy last year because it was an unforeseen pandemic that hit the world last year and before some economy to overcome the effect it has on the economy it's a little bit late. Some underdeveloped countries suffer more from the effect.

[emmybd]

Covid-19 is affecting our life rapidly. It has changed the entire world. Dead case because of Covid-19 is increasing day by day. Scientists are still struggling to discover any vaccine.
Mostly economic crisis has increased because of this pandemic. Poor countries are facing a lot of problems. They are struggling to stabilize their economical situation. It's not a good news. Even global stock markets fell on 24 February, 2020 due to a significant rise in the number of Covid-19 cases. Actually global stock market crashed and it's a heart breaking news all over the world.
Import and export is not stable right now. As a result, countries which are dependent on export business are facing a lot of problems. Asian Development Bank derives that the global economy could lose between $5.8 trillion and $8.8 trillion equivalent to 6.4 per cent to 9.7 per cent of the global gross domestic product. Europe and Central Asia will experience the largest fall of 27.5 per cent, Sub-Saharan Africa (23.1 per cent), South Asia (22.1 per cent), the Middle East and North Africa (19.6 per cent), Latin America and the Caribbean (19.3 per cent), and East Asia and the Pacific (13 per cent).
So, Covid -19 is definitely changing the economic equations around the globe.

[AndySt]

Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?

Third world countries are surely affected by this greatly and some countries are already using this pandemic as a platform that could boost their credibility during the legitimate campaign period. It also shows that some countries without the necessary plan to mitigate the virus is really affected greatly and this greatly shows the incompetency of officials. Their economical statuses will really show which is their true governing style which is really not high tier.

If the conversation is only about economic development, then it is unlikely that strong changes will come, because after the epidemic has passed, the economies of the absolute majority of states will recover to more or less the previous pre-pandemic level. But about politics in the event of an unsuccessful fight against COVID, there may be some consequences that, in the worst case, can lead to turbulence in the relations of the political elites of a particular state and as a result of this long-term deterioration of the economic situation.

[PonZZ]

The Covid pandemic isn't very different from any other disastrous in this terms. The rich became even more richer, most billionaires' fortunes have risen during the pandemic. The poor fall into the abject poverty.
https://www.cbsnews.com/news/billionaires-pandemic-1-trillion-wealth-gain/

[Vishnu.Reang]

The Covid pandemic isn't very different from any other disastrous in this terms. The rich became even more richer, most billionaires' fortunes have risen during the pandemic. The poor fall into the abject poverty.
https://www.cbsnews.com/news/billionaires-pandemic-1-trillion-wealth-gain/

It is not very surprising. Most of the billionaires have a majority of their assets in the form of equities. And we all know that the stocks markets are at record highs now. On the other hand, the poor have very little exposure to the stock markets and tend to keep their savings in the form of bank deposits and other stable assets. And with the stimulus measures and the resulting devaluation of the fiat currency, the net worth of these bank deposits have gone down and this has disproportionately affected the poor.

[sukmo]

For economic equality around the world I think not. Because there must be a country that can control the economic crisis in this pandemic season.
But when it comes to the economic impact of my country, the corona virus is very deadly to the economy of people, especially small people in the countryside.
They have lost their jobs to date and they are still waiting for the government's policy in 2021.

[TheGreatPython]

I agree with you that politicians have it much easier right now to hide their bad budget and can more easily addord new funds. Stiumulous packages and corona relief funds give politicians much more money during crisis times to give around. Also the oversight is much more relaxed during times of crisis. Politicians dont have to fear many consequences when misusing funds.

The bad part is, all around the world, the economy is not doing that well for regular people while big companies are doing fine. I get that a company that has 10 thousand people working for them, could need some money, I am not going to argue against not getting any help towards big companies neither, sure they should get some.

However if they are getting more money than all of those 10 thousand people combined, there is something wrong about that, they should get at best help for paying salary and that's it. This is why I supported calls for giving companies nothing, but paying salaries of workers instead, that way companies wouldn't have to pay salaries, which is awesome help for them, and regular people would get money too, doesn't that help everyone out? Both big companies, small companies, regular workers, basically whole nation could have been awesome with that.

[avarnet]

To some extent, the coronavirus benefits the whole world, people began to use non-cash payments more often, began to value their health and take care of it. Of course, the virus damages the economies of countries, but this can serve to develop the economic system in the future so that this situation does not happen again.

indeed with the covid virus it becomes a new normal. the current economy is actually experiencing an increase. Even though my own country, Indonesia is in danger of a recession, I am still optimistic that soon after the vaccine comes, everything will normalize many people are expecting an increase nowadays

[0t3p0t]

Some major countries are facing crisis created by corona virus, meanwhile few others have controlled it successfully. Can this pandemic change economical and political status of countries?

Yes even those with high developing countries are affected by the pandemic but is mild compared to the past. Some countries most especially third world countries are slowly recovering and some are still suffering from the crisis. Economical and political status are not stable right now but here in my country all is well aside from those anti government morons that instead of helping the administration survive the crisis they even criticize and throw stones which is very diappointing to me.

[777Jolami]

Coronavirus influenced our economy and made a huge difference.
We're experiencing this infection and our government an honest effort to make immunization. Anyway, this pandemic also influenced the digital currency's market and changed it.

The immunization process cannot be maintained and properly implemented on schedule and the wishes of all citizens.  Certainly, fairness and interests will still create divisions and disagreements and chaos.  At the same time, the next Variation of covid-19 is very unpredictable and dangerous.  Vaccines are being calculated, but not quite enough to provide if the governments of each country cannot control the situation.  The world economy will be ruined.  I did not expect that.  Hopefully, we will get through this crisis.