Corona has killed economy of many businesses

[Shasha80]

As long as the corona virus antidote has not been discovered, the economic crisis will continue. And what's scary is that we don't know when
the situation is like its over. I hope that the corona virus transmission will soon end, because if it does not end soon it can make poverty
even more increased. Because many people do not get income.

[BChydro]

We barely know when does this vaccines and antidote will occurs, but I think a large pharmaceutical is now having an on going development on their drugs, so let us wait for it to be available, when this happen, market will recover its losses and the coin of that pharmaceutical if ever it has its own, it will have a great number of buyers and could be an expensive one due to public demand of their goods so their coins will go high too.

The entire globe is waiting for a solution for this virus and create a vaccine but it is not that easy as it sounds, we need to have intense research to have a complete product, till then all we can do is to break the chain of spreading the virus to the masses. Even before the Corona threat we were experiencing an economic slowdown but with the spread and complete standstill of business we will definitely go to a recession and how we over come the virus and the economic struggle is still unknown.

[FanatMonet]

As long as the corona virus antidote has not been discovered, the economic crisis will continue. And what's scary is that we don't know when
the situation is like its over. I hope that the corona virus transmission will soon end, because if it does not end soon it can make poverty
even more increased. Because many people do not get income.

States should help their citizens in this situation, even if they are sent on vacation, they must pay at least 50 percent of their salaries using various funds or reserves. The small business is facing the most difficult situation, especially if there are quite a few employees.

[xSkylarx]

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

The problem is that no one knows the answer. I don't think that the epidemic will last more than 10 weeks. And it will have a disastrous impact on small business.

The virus features a detrimental effect on all types of small and enormous businesses I do not think there's any news within the whole world whether it'll be controlled in 6 months One country after another has got to grow. In China it took quite 6 months to realize control.

There's a lot of suspicion on how China controlled the the Virus in Wuhan. That is why they are suspected creating Corono-virus as a bio weapon. Major cities in China which are miles away from Wuhan such as Beijing and Shanghai was never struck hard by the pandemic, compared to countries thousands of miles away such as Italy and U.S.. Wuhan even built numbers of facilities and hospitals for Covid victims in just a few weeks and it seems they are prepared for it.

[tvplus006]

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

I recommend that you watch the movie "Contagion", which was released in 2011. The film shows very accurately the events that are happening now around the world. Even if you have seen this movie before, you will still watch it again, and you will perceive it differently.

[Cratoon]

Seems to me that a lot of business models that provide service, retail and travel will go out of business for a very long time.

The economy is reshaping, and now some business owners must change it according with the times.

[Reatim]

Seems to me that a lot of business models that provide service, retail and travel will go out of business for a very long time.

I  disagree here because why need to close for a "very long time" when people will decide if they need the service or not?and besides with too many travels being banned now/for sure after the pandemic is being resolved worldwide People will enjoy traveling again,imagine how long have been they being Imprisoned in their own houses?we will se after this crisis.

The economy is reshaping, and now some business owners must change it according with the times.

there are some that needs to change but the majority will not,they will continue their traditional businesses and will offer new flavors to attract customers .

[Vishnu.Reang]

I am not sure about the other countries, but here in India we are certainly going to face huge issues even if this outbreak is contained within the next 1-2 months. Tens of millions of migrant workers have returned to their villages (including some who are taking the Coronavirus to these remote locations) and these people are literally starving without any money or food. Almost everyone who was earlier employed in the tourism and food industry is now without a job. This crisis may be over in a few months, but the hole it left in our pocket may take may years to repair.

And that's the most dangerous impact of the pandemic. Not only to tourism and food industry, the economic tissue relates all fields like a domino, if you fall one piece then expect everything to demolish.
As a merchant in a small forgotten village like the ones you described, i can confirm what you have said about the lack of some basic elements + the lack of ressources to stay alive during the quarantine.

In India, today is the 15th day of lockdown (out of a total of 21 days). Most of us are surviving.. but there are people who are staying alone in distant places away from their friends and relatives. They are in trouble due to lack of supplies and care. Surprisingly, in the rural areas conditions seems better. There is no shortage of food and people are helping each other. But it should be remembered that we are yet to face the full-fledged outbreak. As of now, the death toll remains less than 200.

[FlightyPouch]

Yes you are right corona has screwed up many businesses and  ofc the most affected businesses are restaurants ,travel business and all the daily businesses stocks of pharma companies are going up a bit , lets hope that doctors find a vaccine supersoon lets just hope for the best this is all we can do right now.

There are a lot of other things we can do right now and it is not just always to hope for the best. If we will not be doing things for the best, it will not happen. In a way, we can help by following the instructions of those people that know better when it comes to things like these. If we can provide for other people we can also do that, sharing legitimate information obviously from legitimate sources, it might not be that much but as a whole, it can help.

[TitanGEL]

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

The problem is that no one knows the answer. I don't think that the epidemic will last more than 10 weeks. And it will have a disastrous impact on small business.

The virus features a detrimental effect on all types of small and enormous businesses I do not think there's any news within the whole world whether it'll be controlled in 6 months One country after another has got to grow. In China it took quite 6 months to realize control.

There's a lot of suspicion on how China controlled the the Virus in Wuhan. That is why they are suspected creating Corono-virus as a bio weapon. Major cities in China which are miles away from Wuhan such as Beijing and Shanghai was never struck hard by the pandemic, compared to countries thousands of miles away such as Italy and U.S.. Wuhan even built numbers of facilities and hospitals for Covid victims in just a few weeks and it seems they are prepared for it.

It is just a conspiracy theory but still there is something fishy, their capital which is Beijing is not affected to the virus. Look also to the numbers of the recoveries in their country, they have the highest percentage that can indicate that they have right treatment. Many economy in all over the world are continue to suffer due to the virus. Big businesses and small businesses are both affected and most of them are not able to operate because of the quarantine.

[TIDOVEE]

Even the pharmaceutical sector are not having their best because where we are not permitted to walk to the pharmacy they are arrested it mean only medical practitioners are licenced to go there.many other sectors as you have said is stand still. It will soon be over. China has gotten over it and my country is also recovering. We should be out of lock down in 2week more.

[Snappycoco]

What we have right now are speculations and rumors about the said vaccines. It will last for more than a year if worse. I just hope it wouldn't be that worse.

[Janation]

We should be out of lock down in 2week more.

I think this still depends on the country.

Here in the Philippines, the ECQ or the Enhanced Community Quarantine until the end of this month. That is because of the number of cases and I think to be on the safe side since we never know what might happen and since that there is still no vaccine for the virus, the number of cases making it harder for them to contain the virus. Businesses are affected but it is inevitable.

[Febo]

What we have right now are speculations and rumors about the said vaccines. It will last for more than a year if worse. I just hope it wouldn't be that worse.

Most likely there will be some people vaccinated at end of next winter. It will be inedible to vaccine billions of people then. Vaccine will be there for everyone only at end of 2021.  Funny thing will be that some will refuse to vaccine

[BigBoy89]

The coronavirus killed many things.

I had a perfect job for a while and even didn't think of crypto for a few months.

Now, as I got "furloughed", I have plenty of time again for everything but money.

[thebutton]

We should be out of lock down in 2week more.

I think this still depends on the country.

Here in the Philippines, the ECQ or the Enhanced Community Quarantine until the end of this month. That is because of the number of cases and I think to be on the safe side since we never know what might happen and since that there is still no vaccine for the virus, the number of cases making it harder for them to contain the virus. Businesses are affected but it is inevitable.

On top of that, Philippines being categorized as a third world country, prolonging the quarantine period would put those poor household in a greater challenge i.e. hunger but I consider it necessary. It really shows a lot with regard of the leaders that the people had chosen -- the way they respond in this time of health crisis. I do hope that this would be solved soon because the government's resources is also depleting and the people are being disgusted by the clowns sitting on the public office.

[Vishnu.Reang]

Most likely there will be some people vaccinated at end of next winter. It will be inedible to vaccine billions of people then. Vaccine will be there for everyone only at end of 2021.  Funny thing will be that some will refuse to vaccine

Here in India, we have certain groups such as the Tableegh-e-Jamaat, which refuses modern medicine. These guys are refusing even to get tested for the Coronavirus. So obviously vaccinating everyone is going to be an impossible job. The government can try its best by making it a punishable offense not to get vaccinated, but a lot of people are not going to get it done even after all that. 

[Twentyonepaylots]

The coronavirus killed many things.

Literally, and guess what it is killing from at this very moment? my TIME haha. I'm off at work and don't have any time for any thing I want. I am waking up just to eat.

I had a perfect job for a while and even didn't think of crypto for a few months.

Now, as I got "furloughed", I have plenty of time again for everything but money.

Good for you, you have a decent job coz some of people here only think of crypto lol. As the quarantine days is getting too long, I'm starting to plan what good business to build that is unaffected by scenario like this, something that could not be closed due to pandemic, something that I will earn more from disaster like this, something but not mask production.

[Ronaldcoin2017]

Well we cant really deny the fact that so many businesses is now really affected on corona virus disease, because many people today is staying at home for thier own safety and some establishment are now empty such as factory mall etc. So business is really affected but for me i think life is more important than any kind of business because we can still build a business if it will fall but we cant bring the life back if it will lose.

[Subbir]

We should be out of lock down in 2week more.

I think this still depends on the country.

Here in the Philippines, the ECQ or the Enhanced Community Quarantine until the end of this month. That is because of the number of cases and I think to be on the safe side since we never know what might happen and since that there is still no vaccine for the virus, the number of cases making it harder for them to contain the virus. Businesses are affected but it is inevitable.

On top of that, Philippines being categorized as a third world country, prolonging the quarantine period would put those poor household in a greater challenge i.e. hunger but I consider it necessary. It really shows a lot with regard of the leaders that the people had chosen -- the way they respond in this time of health crisis. I do hope that this would be solved soon because the government's resources is also depleting and the people are being disgusted by the clowns sitting on the public office.

Yeah people are upset but they're going to not be ready to break it This lockdown has been arranged for his or her benefit If anyone is involved in corruption then the govt should take action. If the govt takes drastic measures these leaders won't be ready to do that quite work and haven't any effect on the poorest of the poor.