Corona has killed economy of many businesses

[Subbir]

This COVID-19 is really disaster to our world, it really affects so many lives, businesses, companies, etc. The community quarantine makes people stay at home and do not work temporarily and that is the reason why so many businesses that gets fall. That is also a reason why the price of the bitcoin or any other cryptocurrency falls, even though cryptocurrency is decentralized system, it is still included to the affected by the virus.

I am afraid economy won't recover in couple years after such fall. Like imagine how many big and small businesses were affected and still are (and will be in the next couple months).
bankruptcy of some companies is just inevitable

I think if the virus are often prevented then the economy will definitely be back It doesn't take too long. Because if the business collapses and everything else is opened then the business will grow again. The transaction of 1 country to a different will begin and therefore the economy will prosper again.

[lienfaye]

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

We dont know exactly when will this virus going to vanish but I know this shall pass and we can live our normal life again. This is the first time it happened in our country and its really a serious problem and alarming, all the people were affected and force to stay at home to prevent the virus from spreading. Unfortunately there's no vaccines or treatment that can cure this illness yet but hopefully the scientists can find an antidote that can address this virus.

[ArIMy11]

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 we all under estimated this Covid-19. We did not ever imagine this kind of situation will coming. Its cases grow so fast and here all we are, it affects every country's economy. It will have a domino effect wherein maybe a country may take a long time to recover from the virus and of course the economy. If we take action to this virus earlier, maybe we are still in normal situation right now. No one can really tell how long this will take. The worst part is not all cases are reported so those people still have a chance to infect others.

[Saisher]

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

There are three teams I've known that are working so far they are from Germany, Australia and China they claimed to have the vaccine but clinical testing will take 12 to 18 months, now this is such a very long wait, countries wants cures the soonest because infected are increasing, I hope the scientist can fast tract the cure to at least five months.

[Sanugarid]

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 we all under estimated this Covid-19. We did not ever imagine this kind of situation will coming. Its cases grow so fast and here all we are, it affects every country's economy. It will have a domino effect wherein maybe a country may take a long time to recover from the virus and of course the economy. If we take action to this virus earlier, maybe we are still in normal situation right now. No one can really tell how long this will take. The worst part is not all cases are reported so those people still have a chance to infect others.

We all did, we thought China could handle it easily since they have the medical equipment with outstanding doctors and hospital staffs. We are blinded by this coronavirus and now it's taking over many countries on which of the moment now Italy is at the very high risk of economy collapse. I saw the news earlier that that the Italian president said it is no longer controllable as death rate increases day by day, and added that they are going to sacrifice their economy over their people. It is very kind of him as a leader but I see Italy be suffering a great collapse after a year or so. I don't see the pandemic to be gone until 6months or longer than  that, no one really imagined these things to go out of hand.

[Golftech]

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

There are three teams I've known that are working so far they are from Germany, Australia and China they claimed to have the vaccine but clinical testing will take 12 to 18 months, now this is such a very long wait, countries wants cures the soonest because infected are increasing, I hope the scientist can fast tract the cure to at least five months.

With how the outcome from Wuhan china it's very much possible that the Chinese government have the advancement in providing antidote for this virus
though  you are correct it will take some time before it will be proven to be effective.
Clinically base it should have a much quicker results from this 3 countries that have the possible cure or treatment to this spreading virus.

[nosferzd]

"Killed" is still softly said! Small and medium-sized businesses are virtually destroyed due to the coronavirus. Therefore, it is very important that the government of all countries support them in this crisis: exempt from taxes for at least 3 months, and reduce land rent to 0-0.1% of the cadastral value and return of 50% of utility bills, and reduce loan rates. If this is not done, the "killed" enterprises will completely go to the bottom of the economy.

[LazerSMS]

maybe we will be regretting the quarantines after seeing what they will unleash

[sodiik]

The spread of the Corona virus is so fast, making many people worried. Even now the impact on the economy is getting poorer. Many schools, offices and all jobs were canceled. Of course, everyone is starting to panic with the current conditions.

How long will it last? What is Corona's virus antidote?
Without an effective vaccine, I don't know how this will end. But we have to start living clean and follow the advice of the government. That we must conduct self-quarantine at home until the spread of the Corona virus ends.

For the Corona vaccine, I think it's already there but not yet effective. We don't need to panic because many people have been declared cured. So that people who have experienced corona positive can also be recovered.

Our prayers hopefully spread this virus quickly over. The economy will improve again and the Cryptocurrency is experiencing good growth.

[DappPromotion]

Chloroquine is the most effective short-term solution. This will allow patients to create antibodies against the coronavirus and to inhibit the development of the virus.

[TrevorS]

It is not a matter of the virus itself, but of the reputation of the media and the world elite around it.
The whole world is quarantined - and this is precisely the main problem. Manufactures are standing, businesses are not functioning. How long will we last in complete isolation from each other?

[wxxyrqa]

It is not a matter of the virus itself, but of the reputation of the media and the world elite around it.
The whole world is quarantined - and this is precisely the main problem. Manufactures are standing, businesses are not functioning. How long will we last in complete isolation from each other?

In fact, business today is losing a lot because all production and plants have stopped, although in some countries there are exceptions.  Of course, I understand that these plants, which remained fully operational, can bring a lot of problems due to ignoring the quarantine rules.  But this is the problem of the spread of the virus, and if we talk about economic problems, rich people own the business and they can survive the next crisis, but what about a simple person who loses his job and who lived from paycheck to paycheck?  Today begins the global challenge of financing every family.

[CHENIEN]

It is uncertain if when the virus will disappear, it will still gradually spread to nearby areas from where the pandemic virus is located, through this circumstances many traders were temporarily close which is under the supervision of the world health organization to prevent infected, therefore many of business transactions are failed to work like a gloomy whether caused of this covid-19.

[Debonaire217]

This is indeed true, many business establishments has been forced to closed and what is hard for companies are to provide advance salaries to their employees, some are providing the 13-month pay of the workers in advance without work force in return. This has killed the economy of many country in terms of work force and production, but I can see, they are allowing companies that manufactures food for the people to operate.

At this time, we can bargain the economy of businesses, rather than to let the people killed by the novel corona virus pandemic.

In line with cryptocurrency, we have the freedom to work from home and earn from it, but with people that are not allowed to freely convert fiat to bitcoin or other crypto, I don't think our system of earning will last that long here.

[Juggy777]

This is indeed true, many business establishments has been forced to closed and what is hard for companies are to provide advance salaries to their employees, some are providing the 13-month pay of the workers in advance without work force in return. This has killed the economy of many country in terms of work force and production, but I can see, they are allowing companies that manufactures food for the people to operate.

At this time, we can bargain the economy of businesses, rather than to let the people killed by the novel corona virus pandemic.

In line with cryptocurrency, we have the freedom to work from home and earn from it, but with people that are not allowed to freely convert fiat to bitcoin or other crypto, I don't think our system of earning will last that long here.

@Debonaire217 which companies are those can you name them as I have never seen corporate companies pay so much in advance, and if they’re already paying them so much in advance then that country’s economy won’t crash. Furthermore I acknowledge that many people feel they’ll loose their jobs, and businessman believe their businesses will end and those fears are legit. However I feel that they should not loose hope, and instead take this time and study how they can change their business model to earn more once this virus effect fades away.

[Raflesia]

This COVID-19 is really disaster to our world, it really affects so many lives, businesses, companies, etc. The community quarantine makes people stay at home and do not work temporarily and that is the reason why so many businesses that gets fall. That is also a reason why the price of the bitcoin or any other cryptocurrency falls, even though cryptocurrency is decentralized system, it is still included to the affected by the virus.

We all experience the same thing because Covid-19 is indeed a deadly virus so many do lockdown or social distancing and therefore many businesses are hampered by this and no one comes out of the house to protect ourselves from this Covid-19.
I also did a small business and it was delayed because of this I didn't know when it would be finished because so much worrying it would be even longer and the situation was even more terrible.
Btw at this time of lockdown and not allowed to leave the house what are you doing? Did you get compensation from the government?

[verita1]

I also think that Coronavirus is a threat and we are stagnant. Sadly we will see the economy fall but we cannot lose faith. We must be strong and fight only God has the power to save humanity. The vaccine will be available as soon as possible and we must give our best contribution Stay at home and wait.
Some countries have given compensation to their population. The government of my country has offered help in providing food but I haven't received it.

[Viscore]

I also think that Coronavirus is a threat and we are stagnant.

It's clearly a threat but don't say we are stagnant as we will get pass on this eventually, keep that faith alive.

Sadly we will see the economy fall but we cannot lose faith. We must be strong and fight only God has the power to save humanity. The vaccine will be available as soon as possible and we must give our best contribution Stay at home and wait.
Some countries have given compensation to their population. The government of my country has offered help in providing food but I haven't received it.

The strongest country which is US is now leading in the number of infected people in the world, their economy will collapse if this continue, it's really bad, we don't expect this and the longer the virus is still alive, the bigger the damage we will see, hopefully China which were able to stop the virus can help other struggling countries, allies or not.

[Question123]

Right now our priority is our safety because life is more important than money or any materials in this world. Many countries at this moment decreasing their economy becaude of the Corona Virus because the business establishment are close to avoid spreading the virus to other people.

Just be patient and once this nightmare are done Im really make sure every economy dumped will recover and everything will be back normal.

For the cure even the scientist already have they need to do many test needed to prove if it's works but we need to pray the antidote will kill the virus to stop dying people and because all of us our affected .

[rollingdice]

No one knows when it will end. Headlines like "coronavirus cure found" have mushroomed since February, but working on vaccine may take 6 to 8 months. I can't accept a statement that corona killed the economy. It wasn't merely panic around the virus.