Corona has killed economy of many businesses

[Sanugarid]

the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly 

We are all hoping for the world to recover and us? we just have to deal with the pandemic. I've never experience any of this before, no stores open that is near, no salons, actually 80% of businesses are closed.
It's my first time to see the prices hitting the ground for stock and oil market, it's really like a disaster that we are can't see. Impacts are clearly seen for the past month but we have to be prepared for what is the worst coming when the pandemic gets more serious than we are experiencing right now.

[hahay]

the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly 

We are all hoping for the world to recover and us? we just have to deal with the pandemic. I've never experience any of this before, no stores open that is near, no salons, actually 80% of businesses are closed.
It's my first time to see the prices hitting the ground for stock and oil market, it's really like a disaster that we are can't see. Impacts are clearly seen for the past month but we have to be prepared for what is the worst coming when the pandemic gets more serious than we are experiencing right now.

Even I think now, this pandemic has become very serious and is a disaster, because it not only kills the economy and business because this pandemic has also made many people lose their jobs even to traditional small traders who in fact they cannot fulfill their living needs if they do not trade on that day. So clearly, right now this pandemic has killed everything and if this pandemic cannot be resolved quickly, then of course it will be something that is very worrying, we try not to panic in situations like this but honestly the anxiety will always be within because of this pandemic.

[ser7878]

the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly 

businesses are carrying the heaviest weight at the moment and they're trying to find the most comfortable spot under pressure of quarantine
I hope economy will recovery otherwise we won't meet any crypto growing up

[FlightyPouch]

i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

Well, people are making new ways in order for them to earn profits despite the lockdown or ECQ since it is inevitable for business owners to lose profit nowadays. I don't know what your business is but maybe you can make other ways to earn a profit even in a small way. We don't know how long will this pandemic last so you better find a way to get your business going.

[elisabetheva]

the impact is indeed like this, we have to accept whatever happens, in my country also experienced this, money is hard to find, business is quiet, because lockdown, yes what else can, hopefully all recovered quickly 

this fact is happening in almost all countries in the world today, all businesses are disrupted because of the lockdown. maybe it's just the pharmaceutical business that actually increases and is sought after, so prices rise. but also they eventually supply thinned out due to difficulties in raw materials for production where raw materials must be from other countries. in my country the government has to spend subsidies to help daily workers who do not get a salary, and not a few in number.
I agree with you that we hope that this epedemic can end soon, the economy can stabilize again.
 

[Leviathan.007]

Is there a vaccine already to cure the infected of virus?

We cant say how long this virus will last because as long as there's a remaining people infected we we're not safe to go outside and do what we used to do before the lockdown.

So lets just hope for the best.

About the vaccine I heard if someone was infected and better cured his plasma inside his blood can be used as vaccine but according to our definitions from "vaccine" world, we all know if you get infected by the virus no vaccine can help you.
Yes, Covid-19 damaged many economies but I feel like the world is better recovered. Bitcoin is a good example when it's getting recovered day by day. the damage of the virus of the economy world was really historical

[super bako]

i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

maybe if I were you, my business would be temporarily suspended for this situation, not to spend a lot of money on savings to pay employees to avoid losses. if observed covid-19 virus is not yet known when, maybe 2 months or 3 months is over, you should be able to manage your business if you do not want to go bankrupt at this time. Yes, this is just my opinion for comparison to your position

[TheGreatPython]

The only business that are standing are the ones that I am thinking about investing into. Think about it if this company that was doing alright before the virus started to make even more profits during a pandemic that is at a global threat level, that means that company can rarely ever bankrupt unless they are managed horribly as well.

It means you have two options, if they are on stock markets that is, check out the ownership stock ratio, if the ownership has a lot of stocks that means they will be capable of doing whatever they want including bankrupting company with bad management as well, however if owners are not really high on the stock ratio that means there are tons of shareholders and there could be some sort of "fire the owners, hire a ceo" type of situation which I trust a lot more.

[shoreno]

i have a business in bali but since corona i have suffered a lot of losses because no tourists came. I also don't know what to do now, maybe I will go bankrupt if this pandemic doesn't end soon

maybe if I were you, my business would be temporarily suspended for this situation, not to spend a lot of money on savings to pay employees to avoid losses. if observed covid-19 virus is not yet known when, maybe 2 months or 3 months is over, you should be able to manage your business if you do not want to go bankrupt at this time. Yes, this is just my opinion for comparison to your position

you mean he must temporarily suspend his business ? i think he already do it not because he wanted to but because thier country is on lockdown and also authorities wont allow such business right now but they only allow business that are need by people like groceries and market  .

 force suspension still wont help you save up because in the end , you will still be using the money for food and other needs while you cant regain what you have been spending the longer the suspension runs   .

[huu78]

yes, because this virus is spreading so fast, the government is taking steps to limit the activities of people outside the home or any activity, yes, of course, it will have an impact on the economy because employees do not work many companies reduce their members.
no one is to blame for this plague, as almost all countries experience this.

[Janation]

yes, because this virus is spreading so fast, the government is taking steps to limit the activities of people outside the home or any activity, yes, of course, it will have an impact on the economy because employees do not work many companies reduce their members.
no one is to blame for this plague, as almost all countries experience this.

It will also affect the economy as money will be focussed on the pandemic.

Budgets will be all on the virus and like a lot of people are being contaminated by the virus, the more it will affect the country and other people too. It is not that employees are being reduced but most of them are not even working at all, there are those companies that already sent their company's PC in their houses so that their employees can work there. Some places here in the Philippines already extended the ECQ especially Cebu where the number of contamination is increasing, hope the frontliners and the people helping to stop this pandemic could hold long before the vaccine is invented.

[Maestro75]

The OP is concerned and talking about businesses crumbling while the real issue is the survival of mankind. Am not sure many people care now about business surviving.

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.

This makes it very bad because no one has a clue of how to end it. Even China which was rumored to have no new traces is unofficially having people who are covid infected. I have heard stories of undocumented visitors in China isolated and treated in hotels on their own private expenses, not from government.

[TastyChillySauce00]

The OP is concerned and talking about businesses crumbling while the real issue is the survival of mankind. Am not sure many people care now about business surviving.

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.

This makes it very bad because no one has a clue of how to end it. Even China which was rumored to have no new traces is unofficially having people who are covid infected. I have heard stories of undocumented visitors in China isolated and treated in hotels on their own private expenses, not from government.

People nowadays are too dependant to the current economic system and if it's to fall there'll be chaos everywhere. Just Imagine a chaos amid pandemic it will become a catalyst that could potentially drives human into extinction and there's reason why some people are really worrying about their business. Most of people nowadays doesn't have a land to cultivate some vegetables or fruit nor to raise chicken, most of them just have paper called money which could become useless if we are running out of resources.

[bearexin]

People are focusing too much on a "cure" or a "vaccine" for some reason, I don't know if it is our brains that plays with us that whenever there is a sickness going rampant we have a vaccine for it or maybe it is the mainstream media that makes us think like this but there is really no need for a vaccine to happen. I mean sure we need a cure, that is correct, without a cure we can't really survive too long.

However we do have a sort of "cure" right now, there are couple of drugs that combined helps to recover from it, which means we can actually keep people alive long enough that they create some sort of resistance for the virus.

Moreover, the virus does evolve as well, so far it lived on animals and it survived on animals, you have to realize this virus wants to stay alive as well, when it kills you, it does itself as well, so right now the virus is trying to evolve into something that will keep the humans alive as well. All of those combined would help the human race in few months I am sure, we do not need years to wait for a vaccine.

[Bagaji]

One cannot tell when exactly the end of this Pandemic will last since there is no possible way stopping the virus from spreading and its effect on human life. We do hope that it will not take time for the antidote to be made available for that is the only way one can talk if the economy.

[eyien]

I think the problem is not in the coronavirus but in the noise and speculation that is presented in press

[Sirait]

I think the problem is not in the coronavirus but in the noise and speculation that is presented in press

the media really ruined everything, the domino effect created was completely unexpected, if the media didn't exaggerate the news about this virus, I'm sure the economy wouldn't be this bad

I think we should assume that this virus is not too dangerous, but still, keep a distance and protect yourself with a mask or disinfectant liquid

[FlightyPouch]

One cannot tell when exactly the end of this Pandemic will last since there is no possible way stopping the virus from spreading and its effect on human life. We do hope that it will not take time for the antidote to be made available for that is the only way one can talk if the economy.

Well, we can stop the virus as we are doing safety precautions against it like social distancing, advertisements warning us to not go to places where a lot of people gather, no gatherings, always wash our hands, those are just some of the ways to stop or contain the virus and minimize the damage it has in a country. What we don't have is the vaccine that will end this pandemic once and for all. That is why while there is no vaccine, we should follow these precautions.

[Viscore]

I think the problem is not in the coronavirus but in the noise and speculation that is presented in press

the media really ruined everything, the domino effect created was completely unexpected, if the media didn't exaggerate the news about this virus, I'm sure the economy wouldn't be this bad

I think we should assume that this virus is not too dangerous, but still, keep a distance and protect yourself with a mask or disinfectant liquid

The media are just doing right, even if they exaggerate it a bit, we can still see the effect of the covid-19 as this is a global crisis, the fact that we are under lock down, that means no business for us to go outside and do the usual things we do and no business would grow if people are ordered to stay at home.

one big evidence that the country are already in big crisis is when the country printed money, and USA did that despite the fact that they are the most powerful country on earth, now let's ask ourselves, how much more on the effect of smaller countries?

[Bagaji]

One cannot tell when exactly the end of this Pandemic will last since there is no possible way stopping the virus from spreading and its effect on human life. We do hope that it will not take time for the antidote to be made available for that is the only way one can talk if the economy.

Business is not destroyed by the virus itself, but by quarantined measures.
Sweden, in which quarantine has not been introduced, already shows a negative trend in the number of infected per day, while other developed countries with quarantine are still at the peak in the number of new cases.

Well, you should remember that it was the virus that brought the issue of quarantine measure that are in place now around the world. What measure are you guys using in Sweden that has reduced the numbers of infection in your country so that other countries of the world can learn since all the measuresin place now are try and error.