Post
Topic
Board Economics
Re: Covid-19 effect on your country's economy!!!
by
bitzizzix
on 12/09/2020, 14:33:01 UTC
World is facing a new crisis almost last 6 months+ and who knows how much it will remain. For this pandemic outbreaks, economy is getting down in many countries. It's getting cursed for one sector based economy.

Explain your country's economy here by mentioning the sector which is getting down day by day for this pandemic.

Here in our country Philippines, almost all sectors are affected I also have many relatives who are affected in the industries where they are working  due to the limitation  imposed by the government some of it are transportation where only 50% can be boarded as well as restaurants where only half can accommodate, so what is happening workers can only work alternately and their income is not enough to sustain their family
Jobless also is on an all-time high, only relying on government subsidy.
Not only in the Philippines experiencing economic crisis but actually, it's global. This pandemic has brought to people becomes jobless, since most business is close. The government is looking for ways to have a debt to support the needs of every family. So hope there’s a vaccine comes out so we can go back to our normal situation.
Yes, it looks like the economic crisis caused by this pandemic has gone global, even though there are countries that are not yet severe, but it will get worse if the state government does not immediately handle it.
as in the country I live in, the increasing number of infected people and stricter government regulations make it difficult to earn income due to limited time outside the home and other regulations.