You are viewing a single comment's thread from:
RE: Urdu community Contest / S2W3 – Me, Covid-19 and Steemit by @patjewell
Speaking about COVID makes me nervous. Covid is one of the key causes of my country's economic crises. Over a two-month period, my country was in lockdown. This periodically happened during those two and a half years. As a result, our entire country's production has fallen. Tourism, which was our main source of income, was lost. As a result, we currently face several problems. I don't know how they affect the revenue in your nation.
It is so sad to read your reply. South Africa also depends a lot on tourism and we felt it all the way here.
What our government did was to borrow money to be able to pay Covid grants. It was great for the people but a terrible decision for the country as loans must be paid.
It is still going to create a lot of problems for us.
Yes, my country also had borrowed a lot amount of money from various countries. Due to a lack of foreign revenue, they are currently talking about restructuring their debt.
Let’s just hope that things will improve shortly🙏