COVID-19

[Alexander]

With consumer spending at the lowest we've ever seen in England, The Bank of England has slashed their interest rates to 0.1%. Inflation is at 0.5% and their target is 2%. Who thinks that Negative Interest rates could become a reality?

How has COVID-19 impacted your country's economic situation?

 

[Lord Saru]

Well, to speak of in the technical jargon, we have seen some really strong steps taken towards self sufficiency.

The tricks is to always get the post-pandemic period right. Like we saw during the times of the great depression, public spending has to be increased.

Lets see how things pan out.

 

[Jayson]

Well, it's pretty obvious regarding the US. However, there have been massive steps to alleviate it like "the stimulus". Nonetheless, people take great pride in working and/or owning businesses and this whole thing hurts.

 

[Mildredtabitha]

It has really left people struggling out there because there are no jobs.

 

[sliara]

Well there definitely has been a surge in people wanting everything delivered to them, and some stores have definitely increased their prices when the pandemic started. Some businesses are gaining while others are losing.