Is corona virus crisis changing economical equations around the world?

[Shagufta3]

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?

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[jackg]

Just like any other crisis. The least stable countries have their problems exacerbated when they're met with something they haven't dealt with before...

Enough countries have bounced back from rough term oil in the past (especially in parts of Europe) that I imagine most countries should be able to... The crash was always coming though. It shouldn't have been unexpected for governments to have to deal with.

[Lorence.xD]

In my country, it is evident that the political landscape did change a lot, more people saw my country's government for how shitty and corrupt it was, it even changed social landscape for individual as many saw who is a zealot for the government and that everything they do is right but I digress, more people hopefully find a better leader in our next election because of how our government are blatantly corrupt. Economical situation seems to not bother a lot although people are slowly getting back to their jobs but the unemployment rates are still the same.

[Poker Player]

I find what you ask a silly question.

Of course the biggest pandemic in 100 years has changed the economy around the world. Also, it is evident that some countries have managed their finances better than others during this pandemic, like they do as usual.

[Findingnemo]

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?

  Almost every country is still in the danger of corona virus because we are under the attack of second wave but this time we didn't give much attention to it. Yes it changes the economical equation particularly the developing countries growth rate turned into the negative rate,the real consequences of covid 19 is yet to come.

[Ludmilla_rose1995]

Just like any other crisis. The least stable countries have their problems exacerbated when they're met with something they haven't dealt with before...

Enough countries have bounced back from rough term oil in the past (especially in parts of Europe) that I imagine most countries should be able to... The crash was always coming though. It shouldn't have been unexpected for governments to have to deal with.

Every country has experienced a crisis before. but the crisis brought about by the current covid-19 pandemic is a little different from the previous crisis. because the current condition not only affects the country's economy but also affects the health and social sectors. In my opinion, SOE resource mobilization must be directed to help the country's economic resilience amid the Covid-19 crisis. SOE resource mobilization should be directed towards economic resilience, such as having more roles in maintaining food security, energy, and stability in the state budget.

[Genemind]

In my country, you can feel the impact of the pandemic. Some workers were forced a few weeks off without pay whenever there is a positive case in a company. Public transportation is limited due to curfew and strict compliance of social distancing, workers have to adjust and make a way to get to work. This is just on a small scale perspective, but then if you will look at it as a whole it affects everything as a whole.

[HabBear]

You are from USA  I think......

In my country...hopefully find a better leader in our next election because of how our government are blatantly corrupt...

Doubtful. The American election was weeks ago.

A pandemic is one of the easiest ways to bring rebalancing to economies and governments...but don't expect it to happen over night. This is the moment in history that historians may point to 15-20 years from now as the moment in time when things started to change, for one direction or another.

There will be economic impacts and then there will be political impacts - economy will impact political policy.

Economic impacts span:

• Change in buying behavior due to social lockdowns
• Lost revenue due to stalled business activity from social lockdowns
• Layoffs of people - which will result in further stalled business activity
• Business failures, closures, restructuring
• Fewer businesses open opportunities in markets for new business and innovation to rise to meet the new social habits and buying behavior

All of this could turn an economy upside down or sideways...and that drives the way the people support or deny their government. And that's when the politics change.

Political impact spans

• Blame placed on the current political regime for the economic stress...often it isn't warranted because one person or one administration can't often influence the economy so significantly, but we're human and we have an emotional attraction to irrational logical associations
• New leaders arise with the support of those blaming the existing administration
• Political regime change due to extreme shift in voter sentiment
• If the new leaders are as smart as they are inspiring, the propose truly new policies and plans to push the country forward...in an ideal scenario these policies promote innovation, new business, new research, and development...because it's these things that truly advance society

That's my take.

[ethereumhunter]

I think so. The big change is we see a new normal in this pandemic, and the economic the political status in the country is also changed. But today, the government is still trying to work hard against the virus by founding the right vaccine for their people because that is the important thing that they need to do. The government also try to solve the other problem in their country, so we can be sure that they can do that.

[Ridcan]

There will be no change in top-tier countries.  Countries such as the USA, Russia and China will emerge from this situation without weakening.  However, we can talk about a certain change of rank between middle and backward countries.  Let's get rid of the pandemic and watch together

[Shagufta3]

There will be no change in top-tier countries.  Countries such as the USA, Russia and China will emerge from this situation without weakening.  However, we can talk about a certain change of rank between middle and backward countries.  Let's get rid of the pandemic and watch together

Yes, we are trapped in pandemic 

[Lucius]

There will be no change in top-tier countries.  Countries such as the USA, Russia and China will emerge from this situation without weakening.  However, we can talk about a certain change of rank between middle and backward countries.  Let's get rid of the pandemic and watch together

I would not agree that anyone will emerge from this crisis without consequences, they will only be more or less depending on the state of the country's economy before the pandemic, and the success of overcoming all the challenges facing the country in the fight against the virus. Of course, those countries that invest significant funds to protect their economies will recover sooner, as well as those that are self-sufficient in some essential resources. There is no doubt that poor third world countries will suffer the biggest blows, because the consequences of even a short-term lockdown have many more severe effects than in most developed countries.

Can this pandemic change economical and political status of countries?

I think this is inevitable, incompetent governments and politicians who showed their ignorance during this pandemic will lose the next election, and those countries that knew how to balance between preserving human health and preserving their own economy will do best in the long term.

[Ayiranorea]

Political parties into rule are experiencing pressure situation, because they don't know how to tackle the situation. Economic situation around the globe have changed. In my country job cuts are in the peak, and governments weren't able to manage the situation. Possibly the development of vaccine will be the regenerative asset for economic upliftment of the country.

[FanEagle]

There could be few changes in few places but nothing major would ever get changed because of this. I believe that we are in a situation where world doesn't really need anything major to change right now neither.

Yeah, I agree that we had something huge like a pandemic that locked many nations down for weeks and even months and right now we are talking about another lockdown possibility in many nations as well, these are all understandable stuff, but at the end of the day we are talking about something that affected the whole world and not just some nations so I doubt anything major would happen. Sure some nations like USA didn't handled it very well, and some nations like Germany handled it very well but at the end of the day the difference wasn't that major to make any changes anywhere.

[mariah.sadio]

As usual, weak countries will become weaker and some strong countries will become stronger

[stadus]

It will affect us if we can't find a solution for the covid-19.

I'm glad that some PFIZER has announce they have already a vaccine to kill the virus, hopefully this is true and hopefully it will launch soon.
https://www.pfizer.com/news/press-release/press-release-detail/pfizer-and-biontech-conclude-phase-3-study-covid-19-vaccine

This is the scenario, if bitcoin countries struggled, how much more the poor countries.

[Chrystora123]

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?

This "PANDEMIC" affects the economic and political conditions in almost many countries.  we just take the US for example, where there are already many citizens who do not believe it at all, even many who come out just to "demonstrate" (when the black life matter demo & US elections) without thinking again about their possibility of contracting it.  and There are many countries experiencing a recession, that is more than enough to prove that COVID-19 is already affecting our lives..

[Dorodha]

The Corona virus crisis around the world is changing the economic equation. All people are choosing alternative methods to get rid of this crisis. In spite of all this every time a negative outlook has broken the economy every time people have their backs to the wall, huge changes have taken place in the society. And that's how people turned around is civilization to turn around or stand up to walk hand in hand in this crisis. Several large private organizations of the country have come forward during this time of emergency. Political parties are united in resisting politics.

[sheenshane]

IMO, both economic and political aspect was impacted by the pandemic, since lockdown was implemented in most areas in every country then some people lose their jobs and the buying routine started to change for everyone has started to be wiser on their spending and to mention.  Some businesses started to lessen their employees or worse closes the business at all which slows down the economic growth of a country.

Politically, it is obvious that changes may still be served if there are already actions made by the government which is directly different from the political norms regardless if it is a new or the same people that were elected by the citizens.

[Josefjix]

The only way to secure a stable economy currently with the widespread of Covid-19 is to find a lasting solution to its spread,  lockdown isn't enough though it helped in China, a vaccine to totally eliminate it would be great. Covid-19 affected production and distribution a lot the part of the economy that generates tax through these sectors might have been affected so it is very safe to say it does affect the economy.