Corona has killed economy of many businesses

[azmirihaque]

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?

Still we are uncertain how this virus will stay but we are certain that this culprit has broken down our economy. It is a matter of hope that Scientists are very near to invent the vaccine but it will take a long time to reach in the whole world. Many countries are gradually loosing the the lock down and trying to recover the economy. Yes, it may some what recover the economy but corona will increase its speed and take many valuable life until the final antidote is reaching to general public. 

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[Vishnu.Reang]

The infection rates are declining, and the stock markets are now stable. The impact from this pandemic may not be as worse as it was feared before. If the situation can be contained within the next 2-3 months, then we may actually witness a major economic boost instead of recession, as a result of the stimulus measures that were announced by various governments around the world.

[PavelMed]

The infection rates are declining, and the stock markets are now stable. The impact from this pandemic may not be as worse as it was feared before. If the situation can be contained within the next 2-3 months, then we may actually witness a major economic boost instead of recession, as a result of the stimulus measures that were announced by various governments around the world.

Right now, governments of all countries need to make informed decisions that will help bring countries to the proper level. Perhaps the US will give way to China, as their economy recovers very quickly

[hahay]

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.

Therefore we must obey government regulations about keeping a distance in social life when there are a large crowd of people etc., when a country is loosening the lockdown rules then every individual should have a high awareness to avoid contracting this virus, because even if we only expect vaccines for normal activities then it is a long time and thus, we cannot rely on vaccines in the near future to be able to do normal activities as usual.

[Nathanz]

Yes actually. A lot of economy slowly fails because of the pandemic. This kind of phenomenon happens once a century that's why we should expect that. This is really bad especially for those third world country. And it will still to continue to worsen the economy of it until they found a vaccine which I believe that will come late to those third world countries.

[aakay]

It has collapsed alot if businesses and is still going on to shut down more with it's end still far from sight. It's so disheartening seeing people move from 100 to 0 real fast just because of a virus whose origin still remains a mystery and also no breakthrough in finding a cure

[elisabetheva]

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

I think corona is that the killer Not only business but many of us have already lost their lives and lots of are affected. there's no set time for when this may end but it'll take an extended time for Corona to form the planet great again. it'll take an extended time to recover the damage done to the economy.

for a country with large foreign exchange reserves and renewable technology, the economy will not be too disturbed, not with developing and underdeveloped countries. clearly very burdensome to be able to rise again, they will clearly need help and loans to be able to run the economy. at this time the pandemic is not over yet and we cannot imagine what would have happened if there were no drugs and vaccines for the pandemic to be finished.
obviously it's terrible not only for the economy but also for human life to be disrupted.

[carter34]

It has collapsed alot if businesses and is still going on to shut down more with it's end still far from sight. It's so disheartening seeing people move from 100 to 0 real fast just because of a virus whose origin still remains a mystery and also no breakthrough in finding a cure

I read is still going to be around for a longer time to come. This is really not a good news. Even though some countries have started the economic activities, it is not like in the normal time. Example the football is played without fans to make the game sweet for players and people at home. And tickets are not sold, no money comes to the game.

[Hidden Heart]

I agree with Your comment that, Covid19 killed Economy of any Busines.  It is Very bad time, i think this Year will very painful for Many People. All types of market now down.   

[BITCOIN4X]

I agree with Your comment that, Covid19 killed Economy of any Busines.  It is Very bad time, i think this Year will very painful for Many People. All types of market now down.   

It happened after the world was attacked by a pandemic, but rest assured that the world is now improving and is in the process of recovering to a better stage. When we fall, there must be steps that we need to take little by little until we can finally get up. Likewise with the world and its current economic status.

Improving bilateral relations between countries, mutual support is the most rational way that comes to my mind to rebuild the world and its fallen economic status. For cryptocurrency, you can monitor how prices move and compare them before Corona attacks with current conditions, and you will know the answer.

[billykannithi]

I think corona is accelerating the process of global economic crisis. Many people lose their jobs, without pay. Production companies that were closed / opened cannot sell because the people's income level has decreased. Corona has a lot of bad consequences for the economy. According to the information I read, it is not until the end of 2020 that we can have the preventive medicine and treatment regimen for Corona, so we have a long and difficult way ahead.

[Mosolad2006]

Actually no one has ever think of sudden pandemic Covid-19 that brake out. Different businesses go down and many countries economy is in derail and crashing stage, many establishment can no longer meet their labour target and many private workers did not receive any stipen at the play of work, no money to pay for the house rent while some Government in some nation is planning of percentage salaries for their worker's. So this Pandemic affecting various business in different areas nation wide.

[iv4n]

Actually no one has ever think of sudden pandemic Covid-19 that brake out. Different businesses go down and many countries economy is in derail and crashing stage, many establishment can no longer meet their labour target and many private workers did not receive any stipen at the play of work, no money to pay for the house rent while some Government in some nation is planning of percentage salaries for their worker's. So this Pandemic affecting various business in different areas nation wide.

We have a right to question this pandemic, we have a right to question government measures! Was it orchestrated by powerful figures, was it all just a business, or we really faced some terrible virus? Now we read about some companies that made incredible profits in time of lock down, and we read about small business going bankrupt! Governments are helping big companies and banks, and they are buying votes with stimulant checks, using entire situation for their benefit!
I can only say I don't like entire situation, I don't like how it's handled! Once again we saw how this system is fragile, and how much we need better system, I can add we need it desperately!

[zeeros]

We will never know when will this pandemic ends since there is still no available vaccine in the market. Because of this pandemic, businesses that are related to non-essential commodities are the most affected ones thus, drastically affecting economy of a country. For now, we should hope that this calamity will end soon and we the economy will recover again.

[AakZaki]

all business sectors ranging from small businesses to SMEs to large businesses or companies get the same effect when this pandemic occurs. The economic system is chaotic.
But every government in a country certainly has a solution to deal with this problem. in my country Indonesia the Government will provide a stimulus in the form of capital assistance or capital injections for SME and SME businesses which will further strengthen the business being run, so that production will continue to run. In addition to the manufacturing industry will get relief for tax dependents. as well as many other programs that will ease the community and business people to keep operating.

[Freeesta]

During a pandemic, the most important thing is not to break the insulation. The fewer people on the streets, the faster the pandemic will end. Many enterprises close, but some companies adapt to the conditions and begin to deliver goods home, this improves service and ensures the safety of people. After a pandemic, the economy will gradually begin to recover and every unemployed person will be able to find a job.

[GDragon]

Actually no one has ever think of sudden pandemic Covid-19 that brake out. Different businesses go down and many countries economy is in derail and crashing stage, many establishment can no longer meet their labour target and many private workers did not receive any stipen at the play of work, no money to pay for the house rent while some Government in some nation is planning of percentage salaries for their worker's. So this Pandemic affecting various business in different areas nation wide.

We have a right to question this pandemic, we have a right to question government measures! Was it orchestrated by powerful figures, was it all just a business, or we really faced some terrible virus? Now we read about some companies that made incredible profits in time of lock down, and we read about small business going bankrupt! Governments are helping big companies and banks, and they are buying votes with stimulant checks, using entire situation for their benefit!
I can only say I don't like entire situation, I don't like how it's handled! Once again we saw how this system is fragile, and how much we need better system, I can add we need it desperately!

Agree, this pandemic exposed the broken system we are living in. Some governments handled it better than other governments. They should prioritize the health of its people and not prioritize things that isn't going to help the situation we are living in.

Many businesses are affected and guess what's worst? They have to let go of some of their workers. So the unemployment rate is rising and it will be hard for those people to continue living without a job for months or years. Unemployment rate of a country is another problem they should solve in the next years or months.

[target]

all business sectors ranging from small businesses to SMEs to large businesses or companies get the same effect when this pandemic occurs. The economic system is chaotic.
But every government in a country certainly has a solution to deal with this problem. in my country Indonesia the Government will provide a stimulus in the form of capital assistance or capital injections for SME and SME businesses which will further strengthen the business being run, so that production will continue to run. In addition to the manufacturing industry will get relief for tax dependents. as well as many other programs that will ease the community and business people to keep operating.

No doubt corona has affected the lives of common people allot. It has a really bad effect on the financial state of us. We can see now there are no companies that are not working but on the other hand, we can see how everything is gradually turning towards online system people order foods online with home delivery and education is Also now online as classes are running from home without any issue.

Businesses today can't wait to reopen because its affecting their lives already. This is going to create bigger problem because coronavirus isn't yet contained and if we operate the business, we'd all be affected in the end. People will die and recession is going to make it worse. The virus is just the beginning of all these.

[80jutaa]

yes...corona is a deadly disease, already millions of people around the world have died due to corona outbreaks. maybe the corona will disappear after scientists can find a cure for this corona outbreak.

[princeyeboah]

No doubts about it! COVID 19 has brought many businesses to zero economy. The lockdown and quarantine made many businesses to lay off some workers, production reduced, traveling ceased etc. All these factors took a great toll on the economy of not only businesses but the entire world. Now, it will take some time for the world to recover from this recession.