Corona has killed economy of many businesses

[SARA ISLAM]

Coronavirus threatens global economy We are heading for a deeper global economic crisis. Except for the daily necessities business, everything else is almost closed. The fall in prices was due to lack of demand for oil due to closure of various transports, Later, the lifting was reduced to prevent a drop in prices. All kind of Production has stopped because people cannot work freely, which could lead to higher prices for many products in the future. Coronavirus antidote has not yet been fully discovered, but several older drugs are working on it. However, many organizations are working tirelessly to find antidotes, and it is hoped that they will soon.

[yohananaomi]

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.

very sad that many countries first underestimated this corona pandemic, which now is very disturbing to almost all aspects of life. especially clear that many economies are disrupted because foreign exchange reserves must be spent for sudden spending. all can be completed once the drugs and vaccines have been found, and hope this passes quickly and the economy can recover.

[metenjean]

Almost country start with new normal or new era during covid 19 keep exist and every have have new victim, I think almost country have tired with lock down and must stay at home without know when is ended, they try to give solution with new normal but every people must keep checking and take care with their healthy and allow procedure of covid 19 helathy,

[DoubleEdgeEX]

It´s like a weed out for unsustainable and non-flexible businesses. SMEs are a bane for big cooperations, especially when they are not cooperative, hence the global move to total centralization and monopolies. Governments can easily decide which corporation to support with bailouts, supportive schemes or debt discharge. It´s again a question of who you know, not how good you are at doing business.

[whyrqa]

In fact, coronavirus affected almost all countries of the world, but the fact remains that the virus affected countries in very different ways, as indicated by official statistics on morbidity and mortality. at the same time, statistics on the spread of the virus and harm to the economy of each country differ from each other, regardless of what level of development the economy of a particular country was before. Many experts and scientists have paid close attention to this fact in order to find out the cause of such an anomaly, since perhaps this is the secret of the antivirus. In addition, the claim that coronavirus affects mainly the elderly has already lost its relevance. As an example, we can take Japan, which is considered the oldest nation in the world, but nevertheless, only 600 deaths from Covid 19 were recorded in this country, which is several times less than in Italy or the United States. if all these indicators, data from other countries are collected and analyzed, then very strict isolation can be changed to lighter forms of quarantine to give business and enterprises the opportunity to restore the country's economy. in any case, to date, the economies of many countries are not destroyed, but nevertheless they are in such a state that not so long remains to fall. in order to start the process of economic recovery, you need to give people the opportunity to move around, because every government should understand that the only value of the country is people who will revive the economy and fill the state budget.

[bakasabo]

Lets discuss what kind of business were killed. Because there are kind of business, that are just " wounded".
For example any kind of production - some of companies did not even stop their work during lockdown, some simply reduce shifts.

The one who were killed - resellers. Firstly, because goods are not delivered, secondly, because they were forced to be closed for customers.

Other kind of business seems to be working partly, or with losses, or adopted to the situation.

[CHENIEN]

prevention and compliance is the easiest way to protect more lives from fierce coronavirus and then basically the good news is almost all of the government from different countries who are nonstop from gathering more ways to terminate against this pandemic impact, so I think because of that day by day almost thousand or more cases of infected person has cleared and actually, recovered from illness. I guess our economy is back to normal soon.

[concept2]

Yeah, there are many businesses vanishing during the corona Virus. And this is really a sad news. Many companies can not handle the loss and thus, it causes them bankrupt. However, the good news is that many other companies do know how to deal with this crisis and they developed many things, make quick change and adapt to the new system in order to struggle against the corona virus. As you can see, there are many companies receiving huge profit and gain benefits from this pandemic such as Zoom.

Well, I always believe that economy crisis always brings new opportunities and make the world more developing

[Ladysmith]

"It's only when you've lost everything that you're free to do anything."  

Whether this is good or bad depends on your perspective. As always, those with an accurate perception of reality and who are willing to adapt accordingly will be fine.

Ecommerce is going to be huge, especially thanks to defi. Over a billion unbanked people can finally participate in the economy.

[bobitza]

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?

The corona virus is the most frightening disease ever. It causes mass deaths very quickly. Everyone takes social isolation seriously for a long time. Every business is affected. The economy of many businesses is in crisis because of being closed. There is currently no cure for it. Hopefully this disease will end soon.