Post
Topic
Board Economics
Re: The Corona Pandemic economic guessing game
by
Betwrong
on 11/04/2020, 11:51:42 UTC
Which country's government will be the most affected by the COVID-19 global pandemic, and be the first to go bankrupt, and default?
Those that are going to suffer the most, which I know that they are already suffering, are the poorest countries. First countries that are going to go bankrupt: the first one I’m going to start with is Niger. Niger is the poorest country in the world due to several reasons and they are probably going to the be the first to start going bankrupt, if they have not gone bankrupt already.

The next country that will quickly follow the lead is Central African Republic, and the rest are South Sudan, Chad, Burundi, Sierra Leone, Burkina Faso and Mali. These countries I have listed are in extreme poverty and are really suffering, and they are the ones that are going to be affected.

If these poor countries had the same number of cases as in the rich ones, they would suffer the most, no doubt about that. But the thing is that rich countries are more affected by the virus because they have more people per capita who can afford travelling, and it's the travelers who spread the virus.

Hopefully, an effective treatment will be found before the virus reaches those poor regions.