Post
Topic
Board Economics
Re: What brings economy of a country down.
by
PavelMed
on 18/06/2020, 16:03:31 UTC
I believe that the main reasons that caused recession in the country is the simultaneous failures of businesses and investment plans. Financial, psychological and health problems and real economic factors are at play in the causes and effects of recessions. The very reason that brought the economy more vulnerable to economic shocks this year is the impact of Covid19 and the preceding decade of extreme monetary stimulus..but, somehow, with the right management of the government and country's business leaders, I believe that the economy will rise.
Failures in the business are government responsibility. Small business is bad because of their erroneous actions. New firms cannot open, old ones close.
My opinion is that failures in the economy are the responsibility of the government.
But I do not know what remains to do to citizens in such a situation.