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Tag: Pandemic

World

List Of Countries Experiencing Economic Recession During The Covid-19

The Coronavirus pandemic that continues in the world, not only causes a health crisis. To make matters worse, the economies of a number of countries have also been destroyed and are in danger of experiencing a recession. In this time, Britain officially experienced an economic recession during Most recently the Covid-19 pandemic. The news was announced Wednesday (12/8/2020). A recession, according to financial writer David Rodeck, quoted from Forbes (June 15, 2020), is a significant decline in economic activity that lasts for months or even years. A country is said to be in a recession when the economy experiences negative gross domestic product (GDP) for a long period of time. Pandemic Covid-19 Makes Several Countries Into Recession These conditions will increase the number of unem...
World

The Road to Global Economic Recovery After the Covid-19 Pandemic Ends

The impact of the Covid-19 pandemic on the global economy this year is not as bad as initially thought. International institutions are busy revising the global economic projections better, although they are still contracting. However, economic recovery to pre-pandemic levels has yet to go through a long climb and is prone to falls. In the October edition of the World Economic Outlook report released by the IMF on Tuesday (14/10). The projection for the global economy this year is negative 4.4%, better than June's prediction of minus 5.2%. However, it is estimated that the world economy will grow at a slower pace than the previous prediction, which grew by 5.4% to 5.2%. IMF Chief Economist Gita Gopinath explained that this year's economic projection is better than the initial prediction ...
Economy and Finance

Philippines Announces Economic Recession Due to CoronaVirus Pandemic

Philippines is officially experiencing a recession due to the coronavirus pandemic. The statistical authority recorded an economic shrinkage of 16.5 percent in the second quarter of this year. The updates on the financial downturn was reported by the Philippine Statistics Authority on Thursday (6/8), considering the current condition the greatest decrease in (GDP) information since 1981.  The nation recorded a GDP shrinkage of 16.5 percent all through April to June quarter. Then, in the past quarter, GDP shrunk by 0.7 percent. Why Philippines Can Get Into A Recession The monetary constriction happened because of the tight lockdown framework set up to smother the spread of the Covid in the nation. Counting, the conclusion of various business exercises and the lockdown renewed intro...
Economy and Finance

The Impact of Covid-19 On The United States Economy And Trump

At the end of 2019, the world was shocked by the emergence of an epidemic of disease originating from the COVID-19 virus in Wuhan, China. The COVID-19 pandemic is a very serious threat to the health of world citizens and not only that, the existence of this pandemic has made a country experience a crisis due to the inability of community activities in that country so that the country's economy is hampered and even died. Covid-19 Pandemic Hit Trump Administration With a very high level of spread, the COVID-19 virus is rapidly spreading in various parts of the world, counting that to date more than thirty five million people have contracted COVID-19 in the world (WHO, 2020). The United States (US) is one of the countries that has not escaped the impact of the COVID-19 outbreak. Even t...
World

Survey: 75% Of People Choose Health Instead Of Economy During The Pandemic

The re-tightening of large-scale social restrictions (PSBB) by DKI Jakarta Governor Anies Baswedan reaps pros and cons. Some people think this policy will weaken the starting economy. Others think that the PSBB needs to act as a brake so that the number of Covid-19 transmissions can be contained. Then, what about the public opinion itself? In the “National COVID-19 Survey” conducted by the KedaiKOPI Survey Institute (Indonesian Public Opinion and Discussion Group), it was revealed that the public is more concerned with health issues. This survey was conducted face-to-face with a home visit mechanism on 18 August-6 September 2020, by interviewing 1200 respondents spread across 34 Provinces in Indonesia. Interviews were conducted according to health protocol: wearing masks, maintaining a di...
Economy and Finance

Not the First Time the World Economy is Destroy by the Pandemic

Pandemics that occur in the world have indeed influenced the global economic system and suppressed the economies of all countries. This is because the pandemic forces humans to limit their interactions with others in order to suppress the spread of the virus. Long before the current COVID-19 pandemic, the world economy had also been battered by the Spanish Flu pandemic around 1918. Citing a report compiled by Ally Mintzer on econreview.berkeley.edu, the result of the Spanish Flu at that time also forced world countries to impose restrictions that influencing the consumption pattern of society and the business world so that the wheels of the economy move slowly or even temporarily stop. The incident in 1918 was the worst in the history of the United States (US) because it claimed hundre...
World

Trump Admits Intentionally Underestimating the Corona Virus

US President Donald Trump admitted, he deliberately underestimated how serious the threat posed by the corona virus was. The news comes from a preview of Rage's book, which was written by veteran journalist Bob Woodward in an interview on March 19. Based on the book, Trump actually understands that the corona virus is a dangerous disease. It's even more terrible than the flu. "it's a terrible threat. It's even worse than the flu you've been having," he said on February 7. However, in an interview with Woodward, referring to a book that will be published on September 15, he admitted that he deliberately played down his threat. "Until now I have tried to belittle him. Because I don't want to cause panic," said the 74-year-old president. He also revealed how the virus "gets in the air", al...