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Author Topic: Corona has killed economy of many businesses  (Read 3394 times)
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May 11, 2020, 12:06:53 PM
 #341

in any case, every government must fight the virus through isolation, despite the fact that such actions harm business and ruin the economy.  The situation in which the whole world is today is very much reminiscent of the global economic crisis of the last century due to the Spanish flu.  in those days they took the same measures to counter the epidemic, which are taken to this day.  but positive results were achieved primarily in those regions that did not save the economy, but imposed severe restrictions and quarantine much earlier than others.  even 10 days of slowness for an epidemic, this is a long enough time to improve your situation.  how later scientists came to the conclusion that in any case, those who saved the population, and not the economy, won.  The fact is that economic indicators began to increase significantly in those regions, after the end of the Spanish flu epidemic, which primarily saved people and introduced quarantine, with severe restrictions on physical contact.
In my opinion, we really should turn our attention to historical data in order to make the right decisions for the fight against coronavirus today.

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May 11, 2020, 12:36:01 PM
 #342

The corona virus is considered an economic virus.  The spread is very rapid and mainly stops the economy from operating for a while.  we cannot fight it because its variability is so diverse, so vaccines are difficult to be widely manufactured and manufactured.  So now we should prepare for the worst case scenario, the economy may not be able to return to normal this year.  Run a small business or do a small business this year to minimize risk.
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May 11, 2020, 12:36:09 PM
 #343

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 guess if we follow rules such as staying inside our home would be a great help but here in our country people will go outside to look for food to eat since we belong on the third world country our local government officials assessment seems so slow that able to make people break the rules.Many people are hungry,and I'm one of them that is why I wanted to do something just to live for my kids.No one knows when this pandemic would stop unless someone could find medicine to cure and fight this virus.
Many people become exhausted because of the policy of keeping their distance, as well as the very poor financial condition which makes it difficult to get cash because the business closes and in any case, is terminated. This monetary recovery will take a long time and maybe up to one year from now, thinking that this pandemic has not subsided in some countries.
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May 11, 2020, 01:01:58 PM
 #344

Sad to say no one are safe with coronona virus, even the strongest country in the world is on the brink of economy downfall. It caused too much damage that everyone that shocked down to its core on every countries implemented lockdown in order to fight the unseen enemy, the corona virus. There are no estimated time frame  when this will end, not unless vaccine is available. We can also do our share to fight this pandemic, as a citizen we should stay at home in order to save more lives and always follow safety protocols every now and then.

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May 11, 2020, 02:05:00 PM
 #345

In response to all these losses, different countries are taking different measures to help small and medium-sized businesses.
We shouldn’t worry about the fate of large companies - they have their own reserves and if necessary, the state will pump their with money. To reduce losses, try to help yourself in some way: go to local stores instead of hypermarkets, use the delivery of local cafes, and so on.
In the end the weakest will leave because they could not compete but others will take their place. After every crisis there will be the rise
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May 11, 2020, 11:39:35 PM
 #346

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.

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May 12, 2020, 04:26:09 AM
 #347

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.

In some countries which the temperature are not cold, they also have a high rate of corona virus cases, so I don't think that would help reduce the infection, it's the vaccine, and only the vaccine would make us safe but the virus will stay probably.

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May 12, 2020, 09:22:47 AM
 #348

In response to all these losses, different countries are taking different measures to help small and medium-sized businesses.
We shouldn’t worry about the fate of large companies - they have their own reserves and if necessary, the state will pump their with money. To reduce losses, try to help yourself in some way: go to local stores instead of hypermarkets, use the delivery of local cafes, and so on.
In the end the weakest will leave because they could not compete but others will take their place. After every crisis there will be the rise

Yes, large-scale companies can be ascertained despite being affected by this pandemic, but they still have savings savings to be able to survive the next 1-2 years and can grow again when the pandemic has passed.
hard hit are small companies and the tourism industry, many hotels have had to take a break from most of their employees because of the low occupancy rate with travel and tourism.
in such cases the role of the state is urgently needed in order to later be able to recover this situation, certainly with short-term and medium-term programs, for example helping to reschedule credit that may not be paid.

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May 12, 2020, 12:50:48 PM
 #349

Corona is not just affecting the world in terms of health, it affects the world in whole aspect. The economy will fall down, unemployment may rise, tax, goods and services will rise, company and small business may bankrupt, tourism disrupted. Hopefully this crisis will finish because many poor people like me want to go back things into normal.

Stay safe guys.

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May 12, 2020, 12:51:58 PM
 #350

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 basically most of the non essential services have taken a major hit in these Corona crisis and many of the businesses have taken a fatal blow to the backbone.

But the worst thing I have seen is that the governments around the world are opening up lockdowns even though the pandemic is still on the rise and this will lead to an increase in number of cases and this can cause a lot of trouble for those countries in long run as they would have to implement the lockdown again till the pandemic stops spreading.

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May 12, 2020, 01:41:39 PM
 #351

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.
I think the most important thing is that the vaccine needs to be made and delivered soon, otherwise, with any policy from the government, it is just an impossible task because even with high temperatures, the spread of the virus is still very high and may reactivate. Although some countries have shown many signs of successfully stopping the disease but this is only a temporary period, many businesses still cannot reopen and have to go bankrupt, maybe we will have big economic setbacks in the near future, many younger generations are also facing unemployment right now

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May 12, 2020, 11:37:58 PM
 #352

Corona is not just affecting the world in terms of health, it affects the world in whole aspect. The economy will fall down, unemployment may rise, tax, goods and services will rise, company and small business may bankrupt, tourism disrupted. Hopefully this crisis will finish because many poor people like me want to go back things into normal.

Stay safe guys.

Yes, a pandemic will inflict a very serious blow to the world, after which it will take years for everything to return to normal.
But here the cost of products should decrease, either through subsidies from the government, or from the producers themselves.

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May 14, 2020, 09:48:46 AM
 #353

Only a vaccine can put an end to corona but looking from another perspective corona might not end because if i get cured from the virus i can still get it again so it might just be a circulating process. Except maybe a vaccine that can cure and make you immune to the virus.

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May 14, 2020, 10:03:54 AM
 #354

Yes Corona has killed economy business Due to all world locke down like India not any activity business all supplies chain stop covid-19 infection is human to human transfer and Global Import and Export Stop.Global big Economy  crush many people postive covid -19 Present  time not making any antivirus or vaccine so upcoming days is dangerous so everyone people use social distance only this saftey point.
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May 14, 2020, 10:58:58 PM
 #355

Corona is not just affecting the world in terms of health, it affects the world in whole aspect. The economy will fall down, unemployment may rise, tax, goods and services will rise, company and small business may bankrupt, tourism disrupted. Hopefully this crisis will finish because many poor people like me want to go back things into normal.

Stay safe guys.

Yes, a pandemic will inflict a very serious blow to the world, after which it will take years for everything to return to normal.
But here the cost of products should decrease, either through subsidies from the government, or from the producers themselves.
One is on the positive where goods and other sources becomes cheap which is understandable since demand is way too low but if we do think
of that these levels is much more preferable where most or everybody can afford of.Of course,anything wont return into normal with a snap.
It will stale for some time but wont really be that long.

Only a vaccine can put an end to corona but looking from another perspective corona might not end because if i get cured from the virus i can still get it again so it might just be a circulating process. Except maybe a vaccine that can cure and make you immune to the virus.
The only thing that would solve out this pandemic.If this cure wont come out or available then we cant still be sure on how vastly affect this one
in most industries.

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May 15, 2020, 03:58:41 AM
 #356

Yes Corona has killed economy business Due to all world locke down like India not any activity business all supplies chain stop covid-19 infection is human to human transfer and Global Import and Export Stop.Global big Economy  crush many people postive covid -19 Present  time not making any antivirus or vaccine so upcoming days is dangerous so everyone people use social distance only this saftey point.

This Covid-19 has shaken the world at once Not only in the case of India, but the whole world is also suffering from economic problems and the helpless and poor people are suffering from financial problems. No vaccine has been discovered so far. Therefore  the government must take some steps to improve the country's economy and business.
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May 15, 2020, 04:02:51 AM
 #357

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.

There isn't too much evidence out there to suggest the spread will slow down in the summer. The virus is already thriving in places with warm temperatures even though direct sunlight will kill the viruses on most surfaces. Still though, humans are the worst transmission vector out there. We rub bodily fluids on everything then touch our faces hundreds of times a day.

The vaccine is a pipe dream. It takes at minimum 12-18 months to develop a vaccine so if you're predicating reopening an entire economy on one vaccine, I have some bad news for you. I get why countries went into lock down because China suppressed their data and people were not sure what type of people died from coronavirus. We have the information now, it's old people or people with preexisting conditions. A quarantine solution is what's needed where you target the most vulnerable and isolate them. You let young and healthy people go back to work.

This is what the UK is doing, and the U.S. is following suit.
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May 15, 2020, 06:14:14 AM
 #358

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.
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May 16, 2020, 11:26:06 AM
 #359

May Allah help us from corona virus. Now a days it is increasing day by day and affected almost 213 countries and territories around the world have a total of 4,647,960 confirmed. It is very serious and harmful for all kind of business. 

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May 16, 2020, 04:27:42 PM
 #360

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.
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