Is corona virus crisis changing economical equations around the world?

[Kong Hey Pakboy]

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.

I don't think that third-world countries are slowly recovering from all of their suffering in the corona crisis because I also lived in a third-world country. I believe the government is just secretly saying that we are recovering from the situation, for the citizen not to worry.  But as I can see, it does not.

I also hate people who don't cooperate with the authorities or the government. Instead of helping and preventing the spreading of the COVID-19, they still disobey the laws and health protocols; that is why the government is having a tough time handling this pandemic.

[Vinaa77]

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.

This pandemic will not be finished in the near future, I see the graph that there are still many countries that are dealing with a pandemic because of the continuing transmission. plus the existence of mutations makes the government go the extra mile. Nowadays, many people should understand that this virus is clearly dangerous and realize the importance of living in a normal now where you can obey the rules

[Mauser]

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.

This pandemic will not be finished in the near future, I see the graph that there are still many countries that are dealing with a pandemic because of the continuing transmission. plus the existence of mutations makes the government go the extra mile. Nowadays, many people should understand that this virus is clearly dangerous and realize the importance of living in a normal now where you can obey the rules

I agree with you, at the current vaccinations rates it's going to take atleast a year to get everybody vaccinated, and even if then it's not guaranteed that there won't be a mutation and we will have to deal with corona every year. We will have to adapt to the new normal. The lockdowns are going to end eventually but who knows how many companies are going to survive.

[bryant.coleman]

The pandemic may result in China becoming the largest economy in the world, overtaking the United States. American economy is not looking in good shape, especially with talks of minimum wage being raised to $15 per hour, and stimulus measures amounting to many trillions of dollars. China on the other hand is doing exceptionally well. I can give you a small example.

Here is the list of top-10 highest grossing movies for 2019: https://en.wikipedia.org/wiki/2019_in_film#Highest-grossing_films

As you can see, almost all the movies are from the US (Hollywood).

Now here is the similar list for 2020: https://en.wikipedia.org/wiki/2020_in_film#Highest-grossing_films

A majority of the films are Chinese.

[youdacapt]

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?

4 months on and i would say that the economical and political status of countries has not change; the first change witnessed is that some countries got poorer; while some got richer. A dominant change that we have witnessed is the change of approach to several things; such as banking services; work from home staffs; crypto currency adoptability and also self cautiousness. Do you agree with me or have additions ?

[redsun114]

The government isn't considering the crypto market, since he needs to make sure that his peoples are secure from infection first, and afterwards, they'll return to the crypto market.
I imagine that is the motivation behind why bitcoin is expanding.

Governments will not care about the crypto market at all during this period, not for good reasons but not for bad reasons neither. Not for good reasons because they are not part of it themselves and you are basically running away from governments to use crypto and that is why they may never like it, but companies and banks do invest into it so not to piss off their rich friends they do not ban it neither but certainly will not help it neither.

Not bad because they already have a lot of trouble now with the pandemic, and that really made them realize that it is unlikely that they can spare time to do something bad on crypto, they are already handsfull with the pandemic situation so they are working very hard on that, crypto can wait its turn. So long story short this pandemic did really help crypto because governments were busy with other things.

[AndySt]

I agree with you, at the current vaccinations rates it's going to take atleast a year to get everybody vaccinated, and even if then it's not guaranteed that there won't be a mutation and we will have to deal with corona every year. We will have to adapt to the new normal. The lockdowns are going to end eventually but who knows how many companies are going to survive.

I think that there is no need to worry about the survival of large companies, because even in the event of serious problems, large businesses can count on the help of the state and the problems that arise can only affect a part of the staff that will be reduced. The sphere of small business connected with the service of the population offline suffers very seriously. The most important thing for them is to live for a few more months, when the restrictions should be relaxed.

[TheGreatPython]

I think that there is no need to worry about the survival of large companies, because even in the event of serious problems, large businesses can count on the help of the state and the problems that arise can only affect a part of the staff that will be reduced. The sphere of small business connected with the service of the population offline suffers very seriously. The most important thing for them is to live for a few more months, when the restrictions should be relaxed.

This is where the role of the government starts because they need to make some initiatives to lift their local small businesses and maybe some tax relaxation might help. Everyone has suffered be it entrepreneur, solopreneur or any big industry and how they come out of it is what will be determined by their flexibility and how they operate in the coming time.

Most of the industries started to operate on work-from-home basis but you are right business models where offline work was potent have suffered the most.

[Vishnu.Reang]

Hello. I was expecting the national banks of each county to intervine and stop the rise of bitcoin. I don't understand the mechanism of this riseing. Only few words count a lot.

Who told you that they are not intervening?

Here in India, they are very close to banning cryptocurrency and making possession of Bitcoin a criminal offense which can be punished by up to 10 years in jail. Other less authoritarian nations are not introducing that sort of draconian laws, but even in these countries the governments are worried about the rise of cryptocurrency. But in most cases, they are intelligent enough to understand that Bitcoin is something that can't be banned.

The main issue for governments is that in countries where the national currency is heavily manipulated, the people are likely to use Bitcoin as a store of value. And unlike other assets such as gold and diamonds, Bitcoins can be easily hidden and transferred from one location to another. If Bitcoins become popular, then the value of the national currencies can go down.

[kolbalish]

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?

Obviously can and it is already visible to us. This type of pandemic basically held after 100 years and this time it is already spread out the whole world. For this, economy can't perform well. That's why many countries already have seen many problems for the money and in the few places political issues also risen. So there is no doubt that the coronavirus crisis is changing the economical equations around the world.

[darewaller]

Hello. I was expecting the national banks of each county to intervine and stop the rise of bitcoin. I don't understand the mechanism of this riseing. Only few words count a lot.

How can national banks stop the rise of Bitcoins? Just by urging people to stop using it won't help because people are smart enough to understand why banks hate Bitcoins and if it was so easy to stop people, all the illegal casinos would have been closed by now. Yes some countries might ban Bitcoin which no doubt will bring the market down in that particular country but still there will be people who hold bitcoins and even trade them silently.

Covid-19 almost proved the worth of Bitcoins and digital payments more than anything because all the stock markets crashed but it was bitcoin market which despite everything around it held strong and now with the virus almost gone, the market has recovered and now touching new heights.

[DrBeer]

The problem of today's situation is that we were ready for anything - climate change, financial crises, wars, natural disasters, but not a PANDEMIC that really affects many aspects of our life and leads to the stop of most service businesses, as well as the destruction of communications and interaction between people and entire world industries! The second problem is that nobody knows how to solve this problem. Vaccination - it is still very early to judge the effectiveness, quarantines and lockdowns - only exacerbate the situation ... No one knows what steps will give real results ...

[Sithara007]

The problem of today's situation is that we were ready for anything - climate change, financial crises, wars, natural disasters, but not a PANDEMIC that really affects many aspects of our life and leads to the stop of most service businesses, as well as the destruction of communications and interaction between people and entire world industries! The second problem is that nobody knows how to solve this problem. Vaccination - it is still very early to judge the effectiveness, quarantines and lockdowns - only exacerbate the situation ... No one knows what steps will give real results ...

Are we ready for a financial crises? I am not sure because we didn't had any since 2009. But the ongoing pandemic may result in one. And regarding the other issues such as climate change and wars, there is no concrete solution in sight. Every year the climatic variations are getting more and more unpredictable. And tropical forests continue to vanish at an astounding rate (especially in countries such as Brazil, Indonesia, Congo, Peru.etc), which worsens the climate change and releases new reservoirs of previously unknown pathogens.

[adzino]

The problem of today's situation is that we were ready for anything - climate change, financial crises, wars, natural disasters, but not a PANDEMIC that really affects many aspects of our life and leads to the stop of most service businesses, as well as the destruction of communications and interaction between people and entire world industries!

You really think we are ready for the climate change? Sorry, we are not. In fact most don't even care and others can't even acknowledge global warming. This climate change highly likely won't affect us, but the future generation will face the consequences of our negligence. And oh, please don't get me started about financial crisis, wars and natural disasters. If a pandemic can cause such destruction, imagine what the others are capable of doing.

The second problem is that nobody knows how to solve this problem. Vaccination - it is still very early to judge the effectiveness, quarantines and lockdowns - only exacerbate the situation ... No one knows what steps will give real results ...

We know how to solve it but its those dimwits against vaccination and lockdown that is making us lag behind.

[Aletheaminlin]

I'm starting to suspect that the economy is going to be in a deep slump, right now money flows into all markets like a game of buying and selling, when people move in and they make money. For each other, I think the impact of the epidemic is what affects the global economy. And I think things will get worse if the plague goes on for a while.

[Snappycoco]

It is clear that this pandemic affects most economies around the globe. Most of the establishments were shutdown during the hard lockdowns occured but after all these, hope are still there.

[mezzaluna]

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 government isn't considering the crypto market, since he needs to make sure that his peoples are secure from infection first, and afterwards, they'll return to the crypto market.
I imagine that is the motivation behind why bitcoin is expanding.

Corona virus will surely influenced third world countries especially when the government is not creating a way to mitigate the effects of the virus to the daily lives of people which includes their jobs and businesses. However, its also not safe to say that the bull run was because of this pandemic but it could only be another way of other people finding ways to look for daily profit and they have found that by learning about Cryptocurrencies and that can be one reason on why Cryptocurrencies are expanding.

I really believe that the Governments should focus on rebuilding their economical status because the Cryptocurrency Issue is another topic for them. Governments should start making moves that they believe will benefit the greater good and not just the selected amount of people.

[DrBeer]

The problem of today's situation is that we were ready for anything - climate change, financial crises, wars, natural disasters, but not a PANDEMIC that really affects many aspects of our life and leads to the stop of most service businesses, as well as the destruction of communications and interaction between people and entire world industries! The second problem is that nobody knows how to solve this problem. Vaccination - it is still very early to judge the effectiveness, quarantines and lockdowns - only exacerbate the situation ... No one knows what steps will give real results ...

Are we ready for a financial crises? I am not sure because we didn't had any since 2009. But the ongoing pandemic may result in one. And regarding the other issues such as climate change and wars, there is no concrete solution in sight. Every year the climatic variations are getting more and more unpredictable. And tropical forests continue to vanish at an astounding rate (especially in countries such as Brazil, Indonesia, Congo, Peru.etc), which worsens the climate change and releases new reservoirs of previously unknown pathogens.

The financial crisis is more of a far-fetched problem, although it hurts. Speculative games are the main reason. The overproduction and greed of the companies is another reason. Those. it is a controlled process and not random. We do this ourselves, and we must complain about ourselves. What is happening now is the growing unemployment, the burning of the population's financial cushion, and the destruction of entire sectors of the real economy, and this is a little different from previous crises.

Climate change is a separate topic, and also very "worn out". Deforestation is bad, ocean pollution is bad, air emissions are bad. But real climatic changes do not depend on this. Populism and manipulation perverted the ideology of nature protection and became a tool for solving "their interests". And climatic changes have a completely scientific explanation associated with a cyclical change in the trajectory of the Earth's motion around the Sun. But the assessment of the influence of "man-made" factors on nature - they are very much manipulated. Just compare how much carbon dioxide is generated by the global industry and how much, for example, the world's oceans? You will be surprised - but humanity generates fractions of a percent of "harmful emissions" against the background of natural, natural processes. Although yes, I believe that we should not shit around us, and should create more environmentally friendly technologies.

[SirLancelot]

I think that there is no need to worry about the survival of large companies, because even in the event of serious problems, large businesses can count on the help of the state and the problems that arise can only affect a part of the staff that will be reduced. The sphere of small business connected with the service of the population offline suffers very seriously. The most important thing for them is to live for a few more months, when the restrictions should be relaxed.

This is where the role of the government starts because they need to make some initiatives to lift their local small businesses and maybe some tax relaxation might help. Everyone has suffered be it entrepreneur, solopreneur or any big industry and how they come out of it is what will be determined by their flexibility and how they operate in the coming time.

Most of the industries started to operate on work-from-home basis but you are right business models where offline work was potent have suffered the most.

I honestly can't tell you if governments would be willing to let taxes go or they would actually rather spend money. Normally governments all around the world are not that great, most people become politicians with not that much hate in their hearts, they "start" as people who want to help others, but eventually become really bad people by the end when they reach the top.

Taxes are the place where all the money comes from citizens to politicians and politicians could find a way to actually use a huge chunk of that money for their own good and make themselves richer, so cutting down on taxes would be unlikely situation as well, however one thing is for sure, they will want to help you instead, but that help would be very very tiny compared to what people need. So long story short, if you ever need help from politicians, know that it is not going to happen as much as you want, no matter where you live.

[wxxyrqa]

I honestly can't tell you if governments would be willing to let taxes go or they would actually rather spend money. Normally governments all around the world are not that great, most people become politicians with not that much hate in their hearts, they "start" as people who want to help others, but eventually become really bad people by the end when they reach the top.

Taxes are the place where all the money comes from citizens to politicians and politicians could find a way to actually use a huge chunk of that money for their own good and make themselves richer, so cutting down on taxes would be unlikely situation as well, however one thing is for sure, they will want to help you instead, but that help would be very very tiny compared to what people need. So long story short, if you ever need help from politicians, know that it is not going to happen as much as you want, no matter where you live.

Recently, officials, as well as the entire government, have practically gone crazy, as they are trying to fix the problems that have appeared due to the economic crisis as a result of the pandemic, at the expense of their citizens. People today are already in poor financial condition, and officials are constantly inventing new taxes so that they have something to steal.