Causes of downtown in the modern Economy

[Kong Hey Pakboy]

Tourism economy wouldn't suffer that much and any business for that matter if these businesses didn't just splurged their profits in filling the pockets of the people and they put some sort of emergency money in the case like this one and since they didn't do it, now the people are burdened by these since it is our taxes that is used for business aides.

Well, we all know how companies will not do that at all. We are talking about the same corporations who put their headquarters in other nations to pay less tax then have audacity to ask for bail out from USA, there are so many cruise companies who put their headquarters in Bahamas or other places like that so they could pay less, and then they end up getting screwed during this pandemic period and they ask for bail out money from USA, how does that make sense? Just because they have american workers in it? I am sorry but pay your taxes first.

If these companies all paid the proper amount of taxes, THAT alone would be emergency funding, kind of like IMF but for companies, but they are trying to make every single cent and use every single loophole for it, and when they are in bad situation they get a bail out money and pay tens of millions of dollars to their CEO's with it, bunch of greedy idiots.

I don't think that business are going to be doing any changes to their usual scheme, remember that their motto is to provatize the gains and socialize the losses. The problem with the loopholes is that they are there and they can be removed but the problem is that lawmakers get lobbied by these companies to not remove these loop holes and sometimes improve it even.

[mojun7982]

Tighter monetary policy and rising interest rates will restrain domestic growth and reduce capital flows to emerging economies. The capital flows that were searching for yields in emerging economies when interest rates in high-income countries were close to zero will likely decline, moderating growth in countries with large external funding needs. In such an environment, a cyclical downturn is more likely than further acceleration or even stabilization of growth at current levels.
That slowdown may already be happening. The Purchasing Managers’ Index, which combines various indicators in the manufacturing sector (new orders, inventory levels, production, deliveries, employment), will fall in the region.

Do you expect tighter monetary policies? Well, at some point it has to happen but for now I believe that governments around the world will keep printing money nonstop. Biden wants to get re-elected maybe in four years or at least his party. Do you think he will drastically reduce spending and limit the lifestyle of the people? I don't think he will do that. For the next decade the money supply will keep exploding.

[sapnu]

Covid19 is the great trigger that exacerbated the economic crisis. But the world economy is following its course at a slow pace and limitations because the working mass has been reduced because strategies for 50% work were devised.
For example, tourism is one of the sectors most affected in this crisis of the pandemic, transport such as airlines, among others.
I think it will cost us to lift the economy, especially in countries where the virus has hit hard.

Tourism economy wouldn't suffer that much and any business for that matter if these businesses didn't just splurged their profits in filling the pockets of the people and they put some sort of emergency money in the case like this one and since they didn't do it, now the people are burdened by these since it is our taxes that is used for business aides.

But still it would make sense that the pandemic was one of the cause why the economy of many countries specially third world countries are now suffering and going downtown. For a country like Philippines, tourism is a great help in improving the economy wherein foreign businesses pays the government so that they can conduct business on a foreign land. No matter how much money a business had for emergency purposes, if you would consider how long this pandemic has been going on, you would understand why many chose to shut down and ended up going bankrupt.

[Silberman]

But still it would make sense that the pandemic was one of the cause why the economy of many countries specially third world countries are now suffering and going downtown. For a country like Philippines, tourism is a great help in improving the economy wherein foreign businesses pays the government so that they can conduct business on a foreign land. No matter how much money a business had for emergency purposes, if you would consider how long this pandemic has been going on, you would understand why many chose to shut down and ended up going bankrupt.

Which is why the economic recovery is going to be so hard, many industries like tourism is still not seeing the same amount of profits as the ones they had because the majority of the people around the world is yet to be vaccinated, and while there are some that are willing to risk it and travel anyway the majority is not willing to do that, then when we add travel restrictions and that many lost their jobs then it is no wonder why tourism does not seem to reactivate.

[hannahB4]

Majorly from my own point taking instances from my country I will say importing of any singular products for every sector without exporting more like nothing. Countries need to venture into looking at producing more locally goods which should be used by all sector.

[SquallLeonhart]

seen from the tourism sector, by still limiting the movement of the community, it can make tourism objects not crowded to the maximum. from the tourism sector alone can have an impact on many other economic sectors, such as cafes around tourism objects and many other related sectors

That lobbying is the thing that needs to stop. There are nations in the world where parties get money from tax payers, which means no party shall get any money from any companies, that is the most important part of that system. This way everyone pays the political parties from their taxes to do the propaganda they do, and I know that is an "awful" situation for USA because you guys hate paying taxes, but that way you get rid of all the dirty money in the politics, there will never be payment from one company to any politician.

There are still limits like 5 thousand dollars, which could be used as a loophole, find 100 people who would be willing to deal with you and give 5k to a politician from each of their accounts, giving him basically 500k but using 100 different people as decoy, but that would be illegal if found out, risky move. That could potentially work.

[Xinarae*]

The virus is expected to slow down the growth of export trade there was also a negative growth in the import trade. This is very negative for our private sector investment as a whole economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a major long term negative impact on export earnings and remittances. The ongoing economic crisis has also led to a sharp rise in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.

[justdimin]

many industries like tourism is still not seeing the same amount of profits as the ones they had because the majority of the people around the world is yet to be vaccinated, and while there are some that are willing to risk it and travel anyway the majority is not willing to do that, then when we add travel restrictions and that many lost their jobs then it is no wonder why tourism does not seem to reactivate.

The tourism and hospitality industries have been wrecked actually and it is nearly impossible to see them back to normality anytime soon. Yes, things will improve but people are not moving half as much as they used to before the pandemic so I don't know what is going to happen with these industries.

Majorly from my own point taking instances from my country I will say importing of any singular products for every sector without exporting more like nothing. Countries need to venture into looking at producing more locally goods which should be used by all sector.

I agree that import and export play a vital role in the success of a country and a prime example can be China. They lifted their economy just by means of sheer production and exporting it to all parts of the world which means the country saw a mammoth growth in the past couple of years and now stands as a giant. Some even talk of Yuan being the next standard but I think it's going to remain USD for a long time.

[Silberman]

The virus is expected to slow down the growth of export trade there was also a negative growth in the import trade. This is very negative for our private sector investment as a whole economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a major long term negative impact on export earnings and remittances. The ongoing economic crisis has also led to a sharp rise in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.

Governments are trying to sell the lie that just because the stock market recovered from the crash we suffered last year then everything is fine, but the people that actually take the time to look at the economy know things are not right, unemployment is still very high and all the businesses that disappeared will not come back and there are even more businesses that are on the verge of bankruptcy as people have adjusted their behavior and they are not spending money as they did before the pandemic happened.