Covid-19 and recession
@Belalangtempur69 (29)
Indonesia
July 17, 2020 12:46am CST
As what we already faced, almost all country have been suffered because of covid-19. The number of infected keep growing and also the death toll increased every day.
Some of you maybe doubt about the existence of covid-19 virus, but the effect may come after us. Lots of company have been closed, lots of bussiness went bankrupt, is even harder to just wait for the recovery process.
IMF and World bank predict that lot countries will have recession, and the economy fall. Well in case of recession happen to your country, what will you do to safeguard you and your family economy, so that you all can survive?
8 people like this
9 responses
@Shunnan (2106)
•
17 Jul 20
@Belalangtempur69 there is a vaccine in Russia right?
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Great idea. It will take some times until the world figure out the vaccines. Yet nothing will be the same.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Is your city or state strict stay home regulation? Or you still able to go freely?
1 person likes this
@JohnKu (2552)
•
17 Jul 20
@Belalangtempur69 No quarantine here, people are free to go out. Not even mask or social distancing are enforced though the police do forced big gathering of more than 20 people to disperse.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
@JohnKu well that should be a concern, people should use mask when they go outside. At least that will minimize the chance of being infected.
1 person likes this
@lovinangelsinstead21 (36850)
• Pamplona, Spain
17 Jul 20
I follow my own inner knowing of when to go out and what to do its my best guide.
Here its one day seems to go forward and twenty steps back by the afternoon and its really true what they give out in the media has people really confused.
Lots of jobs lost here and no reassurance from anyone of any kind.
1 person likes this
@lovinangelsinstead21 (36850)
• Pamplona, Spain
17 Jul 20
@Belalangtempur69
I only take ten minutes at the most to follow it all a bit and then keep away from it the rest of the day.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
The media doesn't really help, they keep spreading fear instead of positivity.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
@lovinangelsinstead21 well i always skip that part, try to only look at the increased number of people that been cured.
1 person likes this
@amitkokiladitya (171935)
• Agra, India
17 Jul 20
The effects of the virus is far more than we can imagine and expect
2 people like this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Yes, the effect is way beyond my imagination. When there is zero case in my country, everything is fine. But then many case appears and the company that i working for is affected, we no longer can export. Half of our company worker become jobless.
@Janet357 (75656)
•
17 Jul 20
@Belalangtempur69 it's a private bank actually. So, am a bit worried. but my husband does not.give a damn.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
@Janet357 better move it to the state bank, reduce the amount slowly. Don't do it all at one, the bank wouldn't allow it or atleast make it harder for you.
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Well if the bank is a state bank, i think it should be fine because the state will guarantee that it won't went bankrupt. If it a private bank, then you should pay a concern. The reputation of the bank and the insurance company pay for itself, most of them already passed some crisis.
1 person likes this
@piyushbhatia1 (11698)
• India
17 Jul 20
They say when the neighbour loses his job it is recession. When we lose the job it is depression.
1 person likes this
@piyushbhatia1 (11698)
• India
17 Jul 20
@Belalangtempur69 new business opportunities are found in the time of crisis. Keep an eye open for things such as mylot.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
@piyushbhatia1 yes, blessing in disguise. Some were fall, some were rise.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Yup, surely. But we need to stand together with our community, keep the cashflow around.
@toniganzon (72279)
• Philippines
17 Jul 20
The only solution is for the government to help and support small businesses.
What I do to help the community of business people is to support locally made products. I buy only from them and currently avoid buying imported ones.
I am blessed not to be severely affected by this but it's not something that I should feel complacent about. I am just grateful that we are not hungry and we still have food to eat on our table.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
Helping our surrounding community is really make a huge different cause i feel sad when the local business goes bankrupt because this. Keep buy things from your local community,let's help the others.
@Shavkat (137239)
• Philippines
19 Jul 20
@Belalangtempur69 It is given the economy will be affected. We need also to do our part to find ways in acquiring income.if the local government cannot support its people.
1 person likes this
@Belalangtempur69 (29)
• Indonesia
17 Jul 20
That is a must, but safeguarding the economy is also important.
1 person likes this
@EveningPrimsrose (24)
•
18 Jul 20
Since I still work I try to increase my emergency fund, and I try harder to do some sidehustles. Well we hope for the best yet have to prepare for the worst
1 person likes this
@Belalangtempur69 (29)
• Indonesia
18 Jul 20
What kind of sidehustle that you do?. Let's hope for the best.
