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Critical Effects of Economic Instability on Businesses
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[QUOTE="Good-Guy, post: 210032, member: 29109"] I have been residing in a country for a few years that is totally unstable,. The economy of my country is so poor due to the fact that the government of the country always borrows loans from The International Monetary Fund and they often have a poor management of those funds. They are simply not able to utilize the natural commodities found in the country and they do nothing to work in order to improve the economy of the country. Due to such kind of carelessness by the government, the public of the country suffers. This has also been the case with many other countries where the politicians are corrupt. Secondly, I must say that the economy has also suffered due to the pandemic crisis. The global economy has been in a really bad conditions since the year 2020 and many people became unemployed due to this reason. However, even in such kind of hard situations, many Tier 1 countries managed to survive and now they are gradually recovering from the pandemic. This is why I believe that a country must never depend on loans and have enough cash reserves to deal with global economic crisis during the time of pandemic or World wide market crash. [/QUOTE]
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Critical Effects of Economic Instability on Businesses
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