Corona has killed economy of many businesses

[Wayan_Pedjeng]

Here in Indonesia, the situation is starting to become unbearable. A lot of people have lost their jobs, and they are surviving on savings. I know families who are not having enough food to eat. I know people who were forced to stop taking medications due to lack of money. If the pandemic is not contained in the next 2-3 months, then it is going to be disastrous.

[Tahsin Kabir Kollol]

The world economy is in great trouble because of coronavirus. The coronavirus pandemic force the whole people to stay at home and most of the business goes to move in destroy. Nobody is aware of how long the virus will go for. If this situation continues for a long time, It must be a threat to most of the business. Many businesses are already struggling to survive themself and many more were fully stopped. Now we can only wish for any solution to make this virus stop. Otherwise, most of the business and the world economy will occur unrecoverable loss.

[Jorge158]

Coronavirus pandemic has really had a detrimental effect on the economy of not only businesses but the globally. The global economy is on recession due to the fact that most companies have laid off workers, production has reduced, travelling has reduced leading to diminished foreign exchange etc. Until COVID-19 gets remedy and everything bounces back to normal, the world's economy will continue to decline gradually.

[Japinat]

Coronavirus pandemic has really had a detrimental effect on the economy of not only businesses but the globally. The global economy is on recession due to the fact that most companies have laid off workers, production has reduced, travelling has reduced leading to diminished foreign exchange etc. Until COVID-19 gets remedy and everything bounces back to normal, the world's economy will continue to decline gradually.

That's expected to happen, though this pandemic will be over soon but it will be hard to fix our economy, we need to work to slowly fix this and with that, some people will suffer due to the instances you've mentioned.

Actually, the longer this pandemic will stay, it will kill the economy of the smaller nation since they don't have enough savings, soon they will get bankrupt, borrow from big countries, and they will sell their resources and therefore that will affect their economy which might have a long term effect.

[bakasabo]

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.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

[clickerz]

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.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Sad but true. It is predicted that about a year or two that the economy will recover. Also, In addition it is said that many businesses will not recover and shutdown. For the leaders, this is a difficult balancing act between the economy and this pandemic.  Hopefully, there are announcements on progress on human testing of the said vaccine.

[theminingclub]

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?

Corona is Freezing All economics in the world.

[BennyK]

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.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Sad but true. It is predicted that about a year or two that the economy will recover. Also, In addition it is said that many businesses will not recover and shutdown. For the leaders, this is a difficult balancing act between the economy and this pandemic.  Hopefully, there are announcements on progress on human testing of the said vaccine.

Definitely, some businesses that have shutdown during the time of COVID-19 may not rise again and this will go along way to affect the individual work. Now after the pandemic, America will have to set target to battle unemployment which resulted for lay offs.

[Viscore]

Definitely, some businesses that have shutdown during the time of COVID-19 may not rise again and this will go along way to affect the individual work. Now after the pandemic, America will have to set target to battle unemployment which resulted for lay offs.

They should already have that plan in place, otherwise there will be chaos and America will not be great again.
I know they are one of the richest country if not the richest, so I also expect that they are smart to battle this temporary problem they are facing.

In fact, they are positive because they announce the vaccine will be available by next year, but I guess if other countries will release first, then they could also acquire some to help their people.

[Subbir]

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.

 If we will observe Bitcoin properly we will easily improve a country's economy without inventing a vaccine and that we can increase the expansion of trade and commerce. there's getting to be an enormous crisis ahead Excluding the world's GDP if we now invest in Bitcoin it's possible to beat the economic catastrophe with online-based work While Corona has had an impression on the country's economy its impact on Bitcoin has diminished considerably.

[FanatMonet]

Here in Indonesia, the situation is starting to become unbearable. A lot of people have lost their jobs, and they are surviving on savings. I know families who are not having enough food to eat. I know people who were forced to stop taking medications due to lack of money. If the pandemic is not contained in the next 2-3 months, then it is going to be disastrous.

And the government is not taking any measures to help such families? Money or food? With the help of products, they could help not only such families, but also farmers, from whom they could buy these products, and thereby help immediately both people and producers.

[Wafilian]

Most of the country of the world are affected by a coronavirus and the economy of all country are badly affected by this pandemic. Most of the businesses lost their asset because of corona and many of them forced to shut down. Coronavirus has already killed the economy of many businesses and If the coronavirus lasts long for a few years, then it will killed almost every business economy.

[sulendra12]

Corona has killed so many factors in industries and also especially for those who is low at money, they are ignoring the fact that corona exists and they risk their own life just to still work outside because they have nothing to do to get money. It's insane to think that, people will die for nothing because of this shit pandemic.

[Rubeus_Hagrid]

The virus only shows the vulnerability of our economy, the vulnerability of people. Our task is to recognize these vulnerabilities and eliminate them. For example, a person works in a store that is uncovered. At the same time, he needs to pay rent for the apartment where he lives. He has no other housing; his parents house is far away in another city, to which there is no way. There are many vulnerabilities in this person at once. If he solves this, then he will no longer have such problems even in extreme situations, he will have everything necessary for existence.

[Guryon_master]

Though this pandemic affected the world economy since majority of the business population has paralyzed, still there is a chance on the side of investors to earn some profit for long term investment. I'm telling because the stock market dropped and this is the perfect time  to invest.

[rozmarine]

corona is not a killer, corona will make the world great again 

[onrise]

Though this pandemic affected the world economy since majority of the business population has paralyzed, still there is a chance on the side of investors to earn some profit for long term investment. I'm telling because the stock market dropped and this is the perfect time  to invest.

Under lowdown majorly all business are shut and due to which billions of dollars of businesses are impacted across the world . Share market had taken a huge beating in all countries and people who had invested before has lost their capital unless they continue to hold it for future . Vaccine could now solve all this problem and also we the better it is .

[dupee419]

Numerous people have tried but there really is no 100% true antidote for the virus, anyways, many businesses have went downhill, hopefully, every country will be able to outdone and flatten the curve before August hits, some third world countries are really suffering, the economy of the whole country will even worsen if the economy of these businesses will continue to go down.

[elisabetheva]

Numerous people have tried but there really is no 100% true antidote for the virus, anyways, many businesses have went downhill, hopefully, every country will be able to outdone and flatten the curve before August hits, some third world countries are really suffering, the economy of the whole country will even worsen if the economy of these businesses will continue to go down.

what is now being done is reducing transmission from the sick to the healthy, but not breaking the chain of transmission with certainty. so that this pandemic will continue to haunt many countries and the costs will be substantial enough to be able to handle this pandemic. Even large countries have begun to lose patience because their economies are very disturbed, especially with developing countries, there will be a prolonged economic crisis. only by finding drugs and vaccines could this pandemic make the country able to recover and reorganize its economy.

[gabbie2010]

According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.

In fact the havoc caused by this pandemic is huge and scientists told us to leave with the virus in our daily life because its going to stay for a long period of time  getting a vaccine is another serious concern to businesses who had already gone bankruptcy even after the pandemic the world economy will never remain as before the pandemic (recession) I hope the vaccine is hurriedly discovered else the world will continue to suffer the consequences of this damming virus.