Is corona virus crisis changing economical equations around the world?

[usekevin]

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?

It had influenced the most of the country economic status.Some country people had brought bitcoin at the economic crisis also by the holding and hidden money.It was surprised to see when certain people inverse their money, when others are suffered to get money for their livelihood.But now all the people had working online to earn money for their livelihood.

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[hahay]

I don't think so, because developed countries that have better economies before must have the ability to recover more quickly. Indeed, this is not a guarantee, but at least developed and developing countries will definitely benefit more because even the development of the vaccine itself will at least provide many benefits. So, I don't think this pandemic will change a country's economy much, because they will always be able to adjust it and slowly every country has the ability to be able to overcome it.

[verita1]

Covid19 could make a huge impact on the world and should make us change so that we act better now and in the future. With a broken economy, humanity begins to move into this new normal. I would like our leaders to focus on acting to resolve priorities, stay away from corruption and create the best mechanisms to safeguard their citizens and the national heritage.

[tbterryboy]

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?

When there is crisis the economy is hit pretty badly, and it’s worst when it’s a situation that’s unexpected like this one we are facing now.it’s normal that the economies will be affected. But if the government is able to handle the situation the right way, the economy wouldn’t fall that bad. The countries that their economies will be in line to fall the worst in a crisis like this are the developing countries.

Some of them had the opportunity to take actions and prevent the situation, but their government didn’t do what they are supposed, they left their nation’s unguarded till the coronavirus penetrated.

[iamsheikhadil]

Covid19 could make a huge impact on the world and should make us change so that we act better now and in the future. With a broken economy, humanity begins to move into this new normal. I would like our leaders to focus on acting to resolve priorities, stay away from corruption and create the best mechanisms to safeguard their citizens and the national heritage.

Well, it's also a perfect time for government to gain unlimited dictatorship power by enabling various disaster management acts/policies. I don't think this new normal will be dominant, since the world is dynamic and hence, I think the hype over Corona will soon go away and we will be back to life without masks by 2021 end!

[magneto]

Yes, from two angles:

1. Geopolitically China will likely become even more dominant, while the US situation deteriorates daily. I don't expect China to overtake the US any time soon in terms of military, but in terms of social stability and economic prosperity China is better positioned.

2. Novel concepts such as MMT are being actively deployed by central banks and governments around the world to combat the recessions that have associated themselves with this "Great Lockdown". We could see a complete shift in paradigm when it comes to economic policy coming out of this crisis.

[skpanchal]

Oay, the battle against the novel coronavirus will be won. But the world that emerges may look very different from the one we lived in before the pandemic began.Over 60,000 people have lost their lives to Covid-19 and there are more than a million confirmed cases although the outbreak yet to reach its peak across the developed and emerging world.

[plr]

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?

The world is suffering and many countries are now high on debt, because they allocate a big portion of budget in the medical sector for their sick people because of Covid, and many workers are displaced because of factories closing down because of lock down, it really change the economic equations of many countries around the world.

[KnightElite]

Covid19 could make a huge impact on the world and should make us change so that we act better now and in the future. With a broken economy, humanity begins to move into this new normal. I would like our leaders to focus on acting to resolve priorities, stay away from corruption and create the best mechanisms to safeguard their citizens and the national heritage.

Well, it's also a perfect time for government to gain unlimited dictatorship power by enabling various disaster management acts/policies. I don't think this new normal will be dominant, since the world is dynamic and hence, I think the hype over Corona will soon go away and we will be back to life without masks by 2021 end!

It is really hard to face the reality wherein there are now activities that we cannot do anymore because of the pandemic and it is the reason why I'm part of the people who now wants to have normal life before wherein some activities like basketball unlike today wherein all of the basketball courts are been locked out and can have penalty and punishment if you disobey the new law and regulation. For me the economy is now starting to recover and I can see it through the people who are now coming back and opening their businesses again, actually the malls in my country are now starting to operate again and the people are blockbuster wherein you cannot consider that there is still pandemic. The government should implement more strict health protocols and they should not be over confidence even though there will be now a vaccine that will be distributed all over the nations. People should still be aware that covid is a threat and we can prevent it by following strict health protocols.

[Vishnu.Reang]

Well.. the OP is right. Equations are changing. All the other countries are getting heavily impacted by the pandemic and many of them are going through recession. On the other hand, China (from where the virus actually originated) is back on track as far as the economy is concerned and Chinese funds are making investments in foreign markets to purchase various assets at cheap rates.

[Istiaque]

All the people in the world are fighting because of the corona virus. Improving the world is not possible until the virus is reduced the world will reach the peak of further development if the damage caused by the corona virus is recovered. The country's economy will be stronger than ever because people have been able to deal with the virus a lot. The world economy will gradually become stronger if governments learn how to resist.

[eaLiTy]

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?

The pandemic has changed the economic situation of all the countries around the globe, many people are struggling to stay afloat and majority of the small scale business have shut down because of the economic crisis they are facing, you cannot force a shop owner to shut down their store for months and expect him to open and continue the business. Countries like US are printing trillions of dollars to boost the economy and mostly they are printing those to hand out free money and it will affect the economy.

[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, in terms of geopolitics, China has benefited from the coronavirus pandemic.  The Chinese took control of the epidemic very quickly. 

Now the Chinese are actively testing the currency of the Central Bank of China (CBDC).  They are actively introducing new financial technologies, as well as artificial intelligence and big data.  China controls most of the Bitcoin and Ethereum hashrate. 

During the Covid-19 pandemic, the collective consciousness of the Chinese proved to be more effective than the individualism of Westerners.

[Oasisman]

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, in terms of geopolitics, China has benefited from the coronavirus pandemic.  The Chinese took control of the epidemic very quickly. 

China has always been ready for any human virus outbreak. I don't know but they seem like they are really aiming to spread viruses and thus the SARS in 2002 didn't spread globally. They responded very quickly that they have found a way to contain the virus in a certain region where It became rampant without the other cities having a huge number of infected people, and just before the worst spread globally. From there they were able to create testing kits and other personal protective gears that surely sells from different countries.

[n0ne]

The economic equation around the world has changed. According to data from different sources, people's mind have changed and has realised well about life. People who have never worried about the economic situation have now started to think about it and has made plans to have funds to secure their lives, as none know about tomorrow. Countries experiencing negative growth rate shows the big economic downfall, particularly the growing countries are the big sufferers.

[Sithara007]

In my opinion, in terms of geopolitics, China has benefited from the coronavirus pandemic.  The Chinese took control of the epidemic very quickly. 

Now the Chinese are actively testing the currency of the Central Bank of China (CBDC).  They are actively introducing new financial technologies, as well as artificial intelligence and big data.  China controls most of the Bitcoin and Ethereum hashrate. 

During the Covid-19 pandemic, the collective consciousness of the Chinese proved to be more effective than the individualism of Westerners.

Yes. I have to agree that China fared well, when compared to the other countries in containing the pandemic. But this has nothing to do with Digital Yuan issued by the Chinese central bank. As far as I can see, the cryptocurrency market hasn't taken this new currency seriously. I have seen a few posts here and there in Bitcointalk, but I don't think that it has made any gains on the ground.

[Firefox07]

Many countries are affected by the pandemic. And it really change the economical equation of many countries. Because the economy is not running well. Many businesses are closing. Many people are not working. The pandemic paralyze the economy of many country.

[bryant.coleman]

Yes, from two angles:

1. Geopolitically China will likely become even more dominant, while the US situation deteriorates daily. I don't expect China to overtake the US any time soon in terms of military, but in terms of social stability and economic prosperity China is better positioned.

2. Novel concepts such as MMT are being actively deployed by central banks and governments around the world to combat the recessions that have associated themselves with this "Great Lockdown". We could see a complete shift in paradigm when it comes to economic policy coming out of this crisis.

There is no doubt that the COVID 19 pandemic weakened the economies of the other nations and boosted that of China. US, EU, Japan.etc may take one or two years to recover completely, while the Chinese economy is in full swing. On top of that a pro-China president was elected in the United States, partly due to the impact resulted from the COVID 19 pandemic there. Things are looking good for China.

[BuNga_cute]

The effect of the corona virus on the world economy is beyond many people's expectations, imagine that almost all developed countries
are affected. Even those with strong economies such as America, England, Germany and South Korea have completely destroyed their
economies. The unemployment rate is getting higher, many companies are bankrupt, and the poverty rate is rising. This is experienced
by many countries in the world, money printing has been done to restore the economy but with less success.

In my opinion, the best way is to find a vaccine and distribute it as soon as possible, if it takes too long the effects can be widespread
and out of control. Fortunately several pharmaceutical companies have succeeded in creating a vaccine that is 95% effective, hopefully
it can be mass produced and distributed to all countries in the world. So in 2021 the corona virus can be stopped.

[Negotiation]

Many countries are trying to invent a vaccine to make the corona virus successful in 2021 if successful the virus can be cured quickly business will resume in all countries of the world which will improve the economy of the country. Unemployment will be eliminated if everything is restarted many have been able to control their crisis by investing in Bitcoin.