Corona has killed economy of many businesses

[Wysi]

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?

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[Meowth05]

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

Currently there is no telling when will it end but hopefully scientists and doctors around the world are doing their best to finish an antidote, vaccine and cure for this virus. Yes it crashes businesses but what can we do about it? Economy suffers when there is a crisis.

[pragna]

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?

Yes, you are right here but matter of sorrow that there is no antidote yet for COVID-19. It was astonishing that at present scientific world men are going to death more and more with a virus!! Again news that COVID-19 changing its DNA so that initial medicine did not working. It is so worried matter now.

Finally nobody does not know when it will cure and economy as well as.

[julius caesar]

 

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?

We do not have any idea if how long it will last because it already spread all over the world. I just hope that people will now find a solution to stop the transmission of this virus. Lets just pray for those people who is infected that they will be able to heal sooner or later.

[FanatMonet]

Unfortunately this is a market, the weakest will sink into oblivion, the strongest will survive these times. Then, when the market recovers, on the contrary there will be a boom of discoveries of what was closed, because there will be a free niche for them.

[CaVO32]

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?

We do not have any idea if how long it will last because it already spread all over the world. I just hope that people will now find a solution to stop the transmission of this virus. Lets just pray for those people who is infected that they will be able to heal sooner or later.

They are already in clinical trial this coming monday. so hopefully, it will turn out positive for the test subjects. but will be quite a while before they can validate results. this pandemic really needs to stop or at least slow down. everyone is affected by this virus. shops shutting down, manufacturing companies shutting down, tourism is down, and for those with lockdown area -pretty much everything is shut down. people will get hungry and there's nothing to buy.. this is very possible scenario for those areas that are in total lockdown.

https://www.marketwatch.com/story/coronavirus-vaccine-clinical-trial-starts-monday-us-official-says-2020-03-15

[Wexnident]

Isn't kill a bit too much to use as a description? I'd use halted or something similar. It's not like a temporary stop is going to kill the entire company from the ground up, more like a setback or the like. Yes, it has huge damages, but as a company, they should be pretty much able to safely reduce the damages to a minimal, and set up a plan to cover for those damages. Sadly, those can't be implemented until the virus still persists.

The antidote for all these problems? Pretty much the vaccine. As long as one is made, the market would probably go back to normal, the business would slowly start going back to work, Hell, they may even put out various offers and the like to satisfy the needs and wants of the citizens after a long time of being quarantined. Tests on humans would start by April, as said by the article below, and they pretty much had a headstart regarding cures because of the efforts of China as well as the advanced research made by vaccinologists.

source: https://www.theguardian.com/world/2020/mar/16/when-will-a-coronavirus-covid-19-vaccine-be-ready-human-trials-global-immunisation

[bitbunnny]

I guess that even scientists can't tell how long corona virus will last and how big consequences will be. But one is certain, the longer it lasts the deeper world economy will fall and all governments should already have recovery strategies in place.
If in a month or two everything gets back to normal it's shouldn't be that bad but if situation exalates even more I think that world doesn't have the solution and that is definetely the way to global recession.

[mu_enrico]

Yea, that sucks. I have a business in tourism too, and I'm (seriously) worried about this lockdown. To be honest, I'm not afraid if I somehow infected with the virus, but more about my economy.

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

There is no antidote, just like the common flu, we need to develop antibody and limit the infection. Since the infection follows a bell curve, IMO it will take about four months from the first infection till the recovery. It hasn't reached the peak in most of the countries I'm afraid.

CMIIW first infection is about Dec 2019, and the recovery is about March 2020, about four months:

The spread of Covid-19 in the country has slowed dramatically, according to China's National Health Commission. Whereas the commission reported thousands of new cases daily only one month prior, it said Saturday that there were 13 new deaths and just 11 new cases, including people who recently arrived in China from other affected countries like Italy. More than 65,000 people have recovered from the disease in China.

Source: https://www.thestar.com.my/news/regional/2020/03/14/china-recovers-but-elsewhere-covid-19-is-rising

So we could expect everything is great again in about July 2020.

[Questat]

Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

[Xampeuu]

Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

I guess I only slept a few moments for many of these businesses. and that is not for all businesses, because various needs are profitable right now, although this is not ethical to talk about, but the reality is like that. after this virus is dealt with, I think many sleeping businesses will wake up again, and that will definitely happen

[Assface16678]

Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

I guess I only slept a few moments for many of these businesses. and that is not for all businesses, because various needs are profitable right now, although this is not ethical to talk about, but the reality is like that. after this virus is dealt with, I think many sleeping businesses will wake up again, and that will definitely happen

Today we are having a lot of problems because of the pandemic plague spreading for over the world and it is better if we are keep trying to make a move to avoid these but still, the government make a rule immediately that it is better if you keep safe in your houses instead going to work or to your business to avoid having physical contact with other people, just a few months you will experience this and we are hoping it came back again into normal that we can go to our work and being productive and earn our salary. Still, it is better if we make some hobby to be still productive.

[plvbob0070]

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.

Based on what I see many establishments in our city are now close and it also because of the Corona Virus. This virus is very devastating aside from bringing down one's economy it already kills thousands of people. This pandemic is also brought down the price of different cryptocurrency and to be honest, it really hurt my eyes whenever I see the notification on my phone that bitcoin is down and I'm sure some of the holders of bitcoin is now also facing massive loss. IMO, The longer it gets to formulate a vaccine for the virus, the higher the chance that the economy will fall especially if the country is in lockdown.

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

Right now there's still no cure or antidote but what we can do is to strengthen our immune system. That's the best we can do. Because I've read somewhere that you're own body is fighting the virus so you just need to have a strong and healthy body. Always remember to do proper hygiene and take vitamins.

[naaimmd]

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?

I think this will put a huge effect on the world since most of the world economy depends on Factory. Already a few countries in lockdown and many countries will follow the same protocol which might lead to huge economic downfall. the only business that going to make money now is pharmacy and food-related business. as for crypto, it might fall also because right now people need cash more than anything

[naaimmd]

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.

Based on what I see many establishments in our city are now close and it also because of the Corona Virus. This virus is very devastating aside from bringing down one's economy it already kills thousands of people. This pandemic is also brought down the price of different cryptocurrency and to be honest, it really hurt my eyes whenever I see the notification on my phone that bitcoin is down and I'm sure some of the holders of bitcoin is now also facing massive loss. IMO, The longer it gets to formulate a vaccine for the virus, the higher the chance that the economy will fall especially if the country is in lockdown.

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

Right now there's still no cure or antidote but what we can do is to strengthen our immune system. That's the best we can do. Because I've read somewhere that you're own body is fighting the virus so you just need to have a strong and healthy body. Always remember to do proper hygiene and take vitamins.

Agree many people think maybe crypto is safe from coronavirus but reality is different so why crypto is also falling? answer is simple people need cash and crypto is no stable solution for us so people are keeping cash and if lockdown happens in more countries and it doesn't get better all-economy will fall and BTC might go down below 1000$.

[The Sceptical Chymist]

I don't know much about this particular virus, but viral pandemics tend to burn themselves out--how long that's going to take with coronavirus is anyone's guess, but it's not going to go on forever.  At least the panic isn't even if the virus and infections with it stick around.

And I would also say that it hasn't destroyed the economy, just kicked its ass.  And the real effects remain to be seen, e.g., in next quarter's and this year's results for a lot of corporations.  It'll probably be a bloodbath, but who knows.

[stompix]

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

Nobody knows and nobody can launch an antidote without testing it, so not in the next 6 months.

As for the main title:

Corona has killed economy of many businesses

No, not yet.
The worse is yet to come as right now people are still working, not everything is closed down, families still have cash reserves, the effect in the economy is just biting the tourism and transportation, then there will be services like restaurants and coffee shops, then the business that sold those people which are now paid 1/2 of their wage stuff and then...like an avalanche. It's just the beginning and the longer this lockdown takes the worse the effects.

In the worse scenario, 2007 will look just like a rainy day when the cashier forgets to add the fires to your order compared to this.

Yea, that sucks. I have a business in tourism too, and I'm (seriously) worried about this lockdown. To be honest, I'm not afraid if I somehow infected with the virus, but more about my economy.

My cousin has a 20 rooms hotel, usually is sold out for Easter.
Well, the good news is that it was sold out a month earlier with packages going out more than 66% of the usual price, the bad news is that 16 have already been canceled and he's got just one booking more while dropping the price 25%. He is thinking of shutting it down on the 30th.

The employees will be sent home, the catering business which provides the food will take a hit...he himself will have to cut spending...the snowball effect.

The Pharmacist:
I don't know much about this particular virus

Oh god, even the pharmacists don't know anything certain..
Run for the hills!!!! Every satoshi for himself!! 

[johnyj]

If all the countries can take a coordinated action (self-isolation like all the people did in China) and contain the virus in each persons home or hostpital, then virus will die in two weeks, either killed by the man they infected or by time, which is no more than a few days)

However, some countries like England and Sweden are taking a normal approach, let it spread, only cure the infected people, then it will jump from person to person, lasts much longer, eventually reaching everywhere and it will take months or years to stop it

[jakelyson]

If all the countries can take a coordinated action (self-isolation like all the people did in China) and contain the virus in each persons home or hostpital, then virus will die in two weeks, either killed by the man they infected or by time, which is no more than a few days)

However, some countries like England and Sweden are taking a normal approach, let it spread, only cure the infected people, then it will jump from person to person, lasts much longer, eventually reaching everywhere and it will take months or years to stop it

A very simple solution to a very complicated problem. This could work if only all of us will be disciplined enough to follow self and community quarantine. But most of us are hard-headed idiots who defy government mandates. Like in our country, the President issued a community quarantine and curfew but some responded with a rally. Instead of cooperating so we can flatten the curve of infection, some choose to do the opposite.

Businesses can be restarted. Economies can recover. But we need all of us to cooperate so we can at least slow down the spread of the virus until our scientist finds a cure.

[fudster]

It will just die on its own after 2 weeks of isolation?

Lucky are the ones who are not friendly when virus plague an entire continent. Unfortunately for the virus is that its strain isn't so strong but can only be fatal to the ones with weak health conditions. If you have no heart disease or diabetes you are not safe to join a social gathering for the virus can easily get into your system. Cities are lockdown and if it continues for another month, looting and killing will be another problem.