It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?
Right up to this moment, there are already countries who have opened up their economy for the reason that the economic status of their country is already struggling that they seems to be not taking it any more specially its people so they are already opening establishments slowly on a minimal capacity so that production of goods and services would take place bringing people to get back into their works but with the consent of implementing strict precautionary measures to ensure the safety of the workers and the people visiting the establishments.
If the pandemic would still persist at the end of the year, then it would be so hard for the whole world to lift up the economy since most countries are affected by the virus. But implementing the "new normal", would really be a great help to somehow lift up the economic state even pandemic is still on.