Corona has killed economy of many businesses

[FanatMonet]

This isolation will kill more than 50% of small buisness. This is really terrible

that's the kind of sacrifice that has to be made to prevent the widespread of COVID19,
indeed it has a huge impact on the economy of the community, but I am sure the government will not let its people be miserable,

Governments have a very difficult choice when on one side is people's health, and on the other is an economy that can get a very significant blow right now, but the worst thing is that in theory it can easily turn into a recession, which can be fatal for many countries.

[Viscore]

This isolation will kill more than 50% of small buisness. This is really terrible

that's the kind of sacrifice that has to be made to prevent the widespread of COVID19,
indeed it has a huge impact on the economy of the community, but I am sure the government will not let its people be miserable,

Governments have a very difficult choice when on one side is people's health, and on the other is an economy that can get a very significant blow right now, but the worst thing is that in theory it can easily turn into a recession, which can be fatal for many countries.

The government have no choice because it's the people that is responsible for improving the economy and therefore they need to protect the people's health. At the end of the day, life is still more important that money, so even if big countries will collapse as long as it was able to help its people in this crisis, the government will be appreciated and when the government gets the support of the people, it can easily recover.

[moonblocks]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

So far there is no widely available vaccine for this disease but a global efforts are underway around the clock to try to create one and you will have to be patient because this is only past the start to beginning of the middle part of the crisis so in no way is it fully passed over yet even in the location it originated so stay safe everyone, be vigilant and help your neighbors and support your local communities because they will need it in these testy times

[Questat]

This isolation will kill more than 50% of small buisness. This is really terrible

This is a sad figure, but kill means they will not recover anymore? I don't think so, at this crisis I can understand that the small ones will be affected but once this is over, maybe the government can allocate funds to help especially the small business to operate again.

[bakasabo]

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

Those things you've said are not treated by this people as a way to fight for the falling economy, it is just a way for them to earn a profit despite the lockdown.

Actually "these people" offer discounts and havent increased price. Their main goal is not to earn profit, but to survive or work will less losses.
That is why I've wrote that this free delivery is offered not by huge chain of shops, but by local small shops.

I doubt that old grandpa that sells honey in 300ml/500ml/1 litre jars doesnt charge for delivery and only thinks about extra profit...

[hahay]

This isolation will kill more than 50% of small buisness. This is really terrible

This is a sad figure, but kill means they will not recover anymore? I don't think so, at this crisis I can understand that the small ones will be affected but once this is over, maybe the government can allocate funds to help especially the small business to operate again.

Even at times like this at least there has been a lot of help done by the government and other elements using funds obtained from donations. Indeed, this crisis is very worrying but when efforts and cooperation continue to be carried out then the recovery will also be there when this pandemic has ended, so we must believe in the government can restore this crisis later because this pandemic itself just happens, and that makes all became difficult because there was indeed no preparation to face this pandemic.

[Subbir]

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

[lepbagong]

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

[Naida_BR]

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

[Indymoney]

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

Situation in subcontinent is going to be worst now as lock down is very long for very lower class and lower class peoples and Corrupt governments are unable handle things as they need to be even they are able to set all things but they are not able to set these corrupt political workers those are taking good advantage of this all.

[Janation]

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

Those things you've said are not treated by this people as a way to fight for the falling economy, it is just a way for them to earn a profit despite the lockdown.

Actually "these people" offer discounts and havent increased price. Their main goal is not to earn profit, but to survive or work will less losses.
That is why I've wrote that this free delivery is offered not by huge chain of shops, but by local small shops.

I doubt that old grandpa that sells honey in 300ml/500ml/1 litre jars doesnt charge for delivery and only thinks about extra profit...

You misinterpreted it but that's what Im saying.

Discounts or not they are still earning a profit out of it. They are just considering the fact that we are in an echanced community quarantine and also considering the positions of theor costumers. They can't get out so obviously the solution is to deliver it in their houses. Survive with less losses means they are also earning, and that is their profit. That is what Im saying. It is true that they are helping people but at time like these, they can just stay idle in their houses with their families and their employees' family suffering.

[CHENIEN]

During this pandemic many digital farm is failed to operate followed by cryptocurrency markets have known also hit by lockdown system until this month of april so it's  obviously not only covid-19 is the reasons of downful of different kinds of coins price, it is also because of stay at home project by the government to prevent lost of lives so it's better to accept and stay.

[aioc]

Coronavirus is just a reason for the popping up of already inflating economy and we haven't seen any big bear market since the 2008 crash and many were expecting for slowdown or crash in the market so if it is not COVID 19 virus then it would have been some other thing which would have caused this crash and economic slowdown. Yes many business are affected and it may also sustain for a year as it might lead to a recession

One year without finding a cure and we all going to feel a recession and a crash of the economy, right now the International Monetary Fund has released huge funds to countries which have been damaged by the Corona Virus, so many businesses, and companies are going bankrupt now and many workers are losing their job.

[Sanitough]

Coronavirus is just a reason for the popping up of already inflating economy and we haven't seen any big bear market since the 2008 crash and many were expecting for slowdown or crash in the market so if it is not COVID 19 virus then it would have been some other thing which would have caused this crash and economic slowdown. Yes many business are affected and it may also sustain for a year as it might lead to a recession

It this will take longer, poor countries will struggle, if all their resources will be consume, that will lead them to big debt as they will eventually borrow money, and big banks from big countries who have good economy now will take advantage by maybe giving big interest.

it's really bad for all of us, even USA now is struggling, so how much more the poor countries.

Corono killed the economy and that gives a threat for crypto as well.

[super bako]

During this pandemic many digital farm is failed to operate followed by cryptocurrency markets have known also hit by lockdown system until this month of april so it's  obviously not only covid-19 is the reasons of downful of different kinds of coins price, it is also because of stay at home project by the government to prevent lost of lives so it's better to accept and stay.

may not fail friends. just with this condition they are paused because of the current bad situation. With this kind of economic and business crisis in any country slowing down, some countries also anticipate the situation in various ways, and I think it is very difficult for the country small virus affected by this to restore the economy and all fields of business. I think this virus is still a long time on earth. Because you have not found a cure for it?

[fortunecrypto]

I have friends with resturants and coffe shops.. all of them have families and bank credits and don't know what to do.. This virus will broke them

This is just two of the industries that was killed and still being killed by this pandemic, another one is the computer shop and the gambling casinos and those business where no social distancing is involve the big one is the public transportation, here in our country no bus or public transportation is moving.

[Averim]

We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?

The results of this virus will have couple of digits after trillion of dollars. At this point nobody know for sure for how long this situation will last but at some point they will have to let business to open their doors.

[denzkilim]

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

In my country, the government is also giving away financial supports to those people who already lost their jobs because of the pandemic but the problems are the corrupt public officials in every city that takes advantage of anything that has a connection with money and only a few families receive the help from these corrupt public officials. If only Crypto Currency is known by most of the people, the funds could go directly from the beneficiaries' wallet and the corruption might stop.

[Subbir]

I have friends with resturants and coffe shops.. all of them have families and bank credits and don't know what to do.. This virus will broke them

The virus has put every human in great danger they're spending tons of human days Not all restaurants and occasional shops face much harm Everything else is closed declaration how other things are getting to be there. The economies of all countries of the planet are at a loss.

[abhiseshakana]

One year without finding a cure and we all going to feel a recession and a crash of the economy, right now the International Monetary Fund has released huge funds to countries which have been damaged by the Corona Virus, so many businesses, and companies are going bankrupt now and many workers are losing their job.

Researchers from Brazil have found a drug that is claimed to cure corona 100%, namely treatment with a combination of hydroxychloroquine with macrolide antibiotic Azithromycin. But if treated with Hydroxychloroquine alone without a combination, the cure rate is only 57%.
https://www.paho.org/journal/sites/default/files/2020-03/40-20-249-Rosa-prelim.pdf

China has also found a new drug that has been registered for corona, Carrimycin. China is also currently in the process of producing a corona vaccine. Two researchers in China reportedly found two types of vaccines for Covid-19. One is in phase two, while the other has completed stage two, stage three will be skipped because its function is only as a safeguard by comparing vaccines with other vaccines for the same disease.
https://www.aljazeera.com/news/2020/04/china-approves-coronavirus-vaccines-human-trials-200414083310079.html

Many state economists today are Keynesian. Though this theory is ancient. Always thinking that all must be resolved with debt with foreign direct investment. Though many ways that can be a solution other than debt.