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germany vs canada economy

The results? In the initial days of an outbreak, the only thing as bad as being the epicenter of a global pandemic is being right next door to one… especially one that has it out for you (politically speaking). Making this list is hard; making this list while also taking part in a global oil price war is even harder, but the United Arab Emirates have managed it. United States. From New Zealand to Germany, Ian Bremmer breaks down which countries have had the best responses to COVID-19 and the economic crisis. Despite that, the self-governing island has managed a truly admirable response in less-than-ideal circumstances; as of this week, Taiwan has registered just 443 cases and seven casualties. When people talk about the critical importance of testing, Iceland is a clearest example. The country was spared the early surge in cases that neighbors Italy and Spain saw, and its quick containment efforts (including widespread testing, extensive public communication and transparency) received broad public support. Fernandez (alongside his vice president and former president Cristina Kirchner) are Peronists who subscribe to more leftist economic policies, and true to their ideological roots, offered low-paid workers a 10,000-peso lump sum to help them weather the crisis. Geography Demographics Economy Infrastructure Quality of living. People wait in line to undergo the new coronavirus tests at a makeshift clinic set up on a playground in Incheon, South Korea, on May 20, 2020. Beating expectations: a good start but challenges ahead. Argentina registered its first coronavirus fatality on March 7; by the time the government imposed a quarantine on March 20, the world had caught up to the threat of the crisis and Argentina introduced strict social distancing measures and citizens heeded them well. The coordinated response of Australian government officials across the political spectrum, and most critically their deference to scientists, has resulted in some of the best numbers in the world (7,276 cases and just 102 deaths in a country of 25 million). But New Zealand’s rise in the rankings is so much more than good geographic fortune. The Greek economy is overwhelmingly dependent on tourism (accounting for roughly 20% of GDP and 700,000 jobs all told), and restarting the Greek economy means restarting tourism…which also means restarting the possibility of another coronavirus outbreak. It helps if you’re a country of just 364,000 people, but even then Iceland punched above its weight—it had the highest per-capita testing rate worldwide. Rather than shuttering its economy for weeks on end in an attempt to slow the virus, Taiwan went another way—after quickly closing its borders and banning exports of surgical masks, the government used contact tracing and mobile Sim-tracking to identify and ensure those in quarantine were actually abiding by the rules. When it comes to a global pandemic, it helps being an island nation tucked away in a far-flung corner of the globe. Sizable government stimulus—which includes cash payments to most citizens—is helping the country’s population ride out the economic turbulence. But while their will to spend on domestic stimulus might be there, the reality of their government finances and looming debt repayments to foreign creditors constrains them considerably (their stimulus package amounts to just 4.9 percent of their GDP), and their bid to print more money may push them into inflation hell. For a country that was finally showing signs of economic emergence from its decade-long financial crisis, the pandemic could not have hit at a worse time. Even in things that are potentially comparable between the U.S. and Canada—say, public messaging coordination around the virus between health agencies and national and local governments, or monetary support of international efforts to cooperate on pandemic responses—Canada is faring much better. Germany. And given the state of the global economy, it is far from clear that the money and demand for a typical Greek summer vacation—from either foreigners or Greeks themselves—will be there. And despite its troubling treatment of migrant workers, it has also successfully managed to keep the outbreak from expanding further into the general population, a good sign that it can respond effectively to contain new cases. At one point, 88 percent of the country’s cases were in the migrant housing areas that eluded the government’s initial response, calling attention to the incredible inequality in Singaporean society. South Korea’s aggressive early response has helped the country maintain not just a low fatality count but a low overall case-count (just under 12,000, around .02% of the population) that remains the envy of major industrial democracies. Recent polls show Mitsotakis’ New Democracy with a 20-point advantage over its next-closest political rival, an impressive showing given a decade of fractious politics that saw the country’s entire political spectrum upended by austerity politics. Best of the G-7: Good initial conditions matter. The full-scale of the economic hit will be revealed alongside tourism numbers on which Iceland is highly dependent, but for now, Iceland remains one of the better stories. And it also has helped that, for the most part, social distancing guidelines seem to have been observed. Honorable mention: Germany (186,522 cases; 8,752 deaths). U.S. Nominal GDP: $21.44 trillion - U.S. GDP (PPP): $21.44 trillion. Canada vs Germany. Record approval ratings last month and a huge win for his party in National Assembly elections in April. Neighbors and front-line states: Taiwan, Singapore and South Korea. Still, the government’s multiple and sizeable stimulus packages (totaling 20 percent of the country’s GDP) to keep its economy afloat is admirable, as was its ability to build up deep financial reserves over the years to help it weather precisely these types of financial shocks. *How we did it: For each category, we developed a rank ordering of effectiveness based on qualitative and quantitative criteria, then allocated countries to quartiles.

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