Disclaimer: I am not any kind of political or economic expert. I am a software developer that is curious about financing and government.
"The COVID-19 pandemic is much more than a health crisis: it threatens culture and economies at its core, the UN Framework for an Immediate Socio-Economic Reaction to the COVID 19 Crisis" - UN. While the consequences of the pandemic vary from country to country, poverty and inequality are most likely to increase globally, thus raising the importance of achieving SDGs.
The unemployment benefits provided to anyone out of work because of Coronavirus Pandemic is ending last day of July, 2020. But with the resurgence of Coronavirus across the United States, there is a possibility that the unemployment payments may continue if Democrats have their way. Over 21 million Americans are collecting the $600 weekly payments from the federal government in addition to state unemployment payment.
In the world ranking of the most competitive economies in the world, Canada managed to get into the top 10 positions and for the first time in history, it has surpassed the United States.
The COVID — 19 recession, could be a major global recession which arose as an economic consequence of the continued Coronavirus pandemic. Since World War 2, coronavirus pandemic could cause the worst global recession. Most of the countries saw a falling GDP from January to March 2020, because the economic impact of coronavirus began to hit. For April to June official figures haven’t been published yet, but they’re likely to point out even bigger falls, this can mean the second quarter of negative growth, confirming that much of the globe is in recession.
November 2019 A 55-year-old individual from Hubei province in China tested positive for COVID'19, at that time no one knew that this will turn into a pandemic, however the cause of this new virus named as (SARS-COV-2) Coronavirus Disease by WHO was believed to be an interaction between bat and human.
Poverty indicates a decline in economic activities – be it in economies, homes, or individual’s life. It has long been projected that there would be population explosion by 2050 in many countries. And if economic activities do not grow alongside this projected growth, poverty would increase in these economies. So how can the economy be grown to cushion the effect of this projection?
Wells Fargo, a US-based bank, is warning customers in Venezuela that as of June 26 they will no longer have access to the Zelle platform.
Since the amalgamation of Nigeria in 1914, the prospects of northern Nigeria seemed promising in comparison to other regions. Though limited in western literacy, northern Nigeria was already at that time, vast in both Arabic and Islamic studies. The first prime minister will eventually, turn out to be a northerner and in due course, many leaders will also emerge from the same region.
I got the same again yesterday. I filed for UI on 3/24-applied for PUA on 4/10- in between 3 days and 3 reps supposedly called me to “complete” my claim by phone. Everyone said ok and I was eligible for a little. 4/21 inbox labor email writes I was turned down for UI and even though I received an email from them, which I saved, that says I was eligible for pandemic. This is like 5 weeks wait. Tells me to apply for pandemic and has a form waiting for me to fill out. I apply for pandemic again on 4/22- pending until yesterday- when I received 2 letters in the mail. Also 2 emails 1) saying my pandemic was incomplete with a link to fix it. I go to link and fill all out. Then the letters 2nd saying that they needed more info on income and jobs. then a letter as well as an email that I was turned down (dated 4/22 mailed) it says. Mailing date not stated I receive a second letter in the mail telling me to validate my claim and claim credit for first week for pandemic 3/22-3/28- which means this had to have been mailed right before then. Yesterday I get 2 emails before I checked snail mail. One of the emails said eligible for $182. Second email said and complete a link to online questions but that pandemic would start in up to 3 weeks after my file date of i was found to be eligible. Remember, I filed back on 3/24 initially. But they are going on 4/22 recognizing that as my file date. I get on the computer again and sign in- fill out more question and guess what my claim is completed. This is no joke the 6th time my “claim has been completed”; each letter or email contradicting the previous and me still bugging out like are we gonna be ok- or we gonna be homeless? If we are going to get by, then when might something came this way? We were already living paycheck to paycheck. I too had recently returned to work force full time out of need. Interviewed for a year before taking the tier 2 personal trainer position and choosing to commute to nyc again which I’ve not done for work in about 20 years. There is no savings, investments or retirement- so i guess either I connect with another person who sets my soul on fire and get remarried (which is something I’d like again someday) or full time w/ benefits (this has been my main focus); I get my LLC off the ground and I’m finally able to start a 401k or something; my poor kids have to take in their burdensome mom cause I won’t be able to afford the senior living homes; I move to another country or I travel to oregon at the end for an assist. Gruesome kinda to be in your 40’s; feel like you are 15; and be scared to death of what will happen to you if you live to reach 70. And ultimately, I have no idea which UI or PUA to believe now. It sucks, not just cause this is just one aspect of things I’m coping with, but because of all of the people in the same boat. I’m a statistic and right now it feels like I’m a drop in the bucket on this one. Shout out if this story resonates!
In a way, the UK should have been the best-prepared country for the destructive force of Covid-19 on the economy. Throughout 2019 hardly a day went past without someone reminding us of the dangers of a cliff-edge Brexit.
The U.K. has been placed on lockdown as an attempt by the government to stop the virus.