{"id":6457,"date":"2021-06-30T18:13:42","date_gmt":"2021-06-30T15:13:42","guid":{"rendered":"https:\/\/dpc.or.tz\/?p=6457"},"modified":"2021-06-30T18:13:48","modified_gmt":"2021-06-30T15:13:48","slug":"mens-response-to-economic-crisis-mens-week-day-2","status":"publish","type":"post","link":"https:\/\/dpc.or.tz\/?p=6457","title":{"rendered":"Men\u2019s response to economic crisis. Men’s Week Day 2"},"content":{"rendered":"\n

Roles of a man: Society expectations<\/strong><\/p>\n\n\n\n

Protector, provider, prophet, priest and present.\u00a0by Simon Mbevi<\/p>\n\n\n\n

Our\u00a0societies invested a lot to a male child expecting that when they grow up they will be able to assume the above roles.<\/p>\n\n\n\n

What is economic crisis?<\/strong>
A temporary economic situation characterized by the general deterioration of a nation, region or global economy\u00a0\u00a0mainly as a result of the financial crisis or other disruptions as a result of\u00a0calamities,\u00a0state of insecurity – war\/ terrorism,\u00a0political crisis,\u00a0economic sanctions\u00a0etc.<\/p>\n\n\n\n

Examples<\/strong>\u2022Global depression of 1930s: mainly driven by financial crisis
\u2022 Zimbabwe crisis following the economic sanctions 2000s.\u2022Tanzania economic crisis of 1980s:\u00a0Kagera\/Iddy Amin\/War of liberation.
\u2022 Ethiopia economic crisis of\u00a0\u00a0mid 1980s\u00a0because if\u00a0the great famine.
\u2022 COVID\u00a019 driven crisis\u00a0????.<\/p>\n\n\n\n

COVID 19 impact<\/strong>
\u2022 Yet to be determine as a world economic crisis\u00a0\u2022World economy shrunk by 3.5% \u2022Sub-Sahara down by 2.4%
\u2022Tanzania smaller than expected growth\u00a0\u00a0of 2.8% – 4.8%\u00a0\u00a0vs expected 6.7% \u2022Different responses from different countries\u2022Stimulus or relief packages developed economies. \u2022Zanzibar reduction of VAT rate to 15%.\u2022No lock down \u2013 Tanzania.<\/p>\n\n\n\n

General Economic\u00a0impact<\/strong>
\u2022 Bankruptcy\u2022Downsizing \u2022Lay-offs \u2022Loss of government revenue \u2022Decrease in production\u2022Increase in dependence\u00a0rate
\u2022Loss of government\u00a0revenue\u2022Decrease in\u00a0production.

People impact<\/strong>
\u2022 Bankruptcy \u2022Lay-offs\u2022Increase\u00a0in dependence\u00a0rate \u2022Children out of school \u2022Poor living condition \u2022Broken families
\u2022Job losses \u2022Loss of income. \u2022Medical cover \u2022Increase in\u00a0insecurity \u2022Health problems ( depression\u00a0etc)\u2022

Those who have been impacted; lost job, business\u00a0etc<\/strong>
\u2022Do not panic; Seek and\u00a0trust God for direction. \u2022Use your savings wisely; reprioritize your spend.
\u2022Train for a new skill ( train online, volunteer,\u00a0etc)\u00a0\u2022Dispose unnecessary\u00a0asset\/items. \u2022Make use of online income generating opportunities \u2022Do not choose jobs, start from somewhere \u2022Manage family expectations ( be sincere) \u2022Negotiate with your lenders

Dependents\u00a0\u00a0\u00a0(students\u00a0etc).<\/strong>
\u2022 Value\u00a0your resources(time, knowledge, money, friends, mentors). \u2022 Cultivate financial prudence habits.
\u2022 Promote excellence (Explore your full potential, look for mentors\/role, models) \u2022 Diversify skill set.


Those still\u00a0\u00a0generating\u00a0stead income<\/strong>
\u2022 Invest\u00a0in assets whose value will presumably appreciate when the economy\u00a0recover.
\u2022 Build your savings bucket\u00a0\u00a0in anticipation of rain days
\u2022 Use\u00a0your income\u00a0wisely
\u2022 Create\u00a0multiple source of income-Work, business, online options\u00a0incl,\u00a0diversify your\u00a0investments
\u2022 Support\u00a0those impacted by the\u00a0crisis
\u2022 Support\u00a0Gods work ( even more)

By Godwin Mlay<\/p>\n\n\n\n

DPC-mens-week_-Economic-crissis_21-By-Godwin-Mlay<\/a>Download<\/a><\/div>\n\n\n\n