Economy after COVID-19

[Sithara007]

The United States is the country whose economy's been mostly affected by the pandemic. The number of unemployed people seem to be on the rise as the COVID-19 disease brings fear to American citizens. The faster the US government takes action to put an end to the disease, the faster the American economy can recover. But if things go south, don't expect the American economy to rise from the ground anytime soon. If this happens, the US Dollar might lose its status as the reserve currency of the world. Imagine how the world will change if this happens.

A post-COVID economy might look a lot more different than we've previously imagined. My guess is that either the Chinese Yuan or the Euro will become the new reserve currency of the world after the fall of the US Dollar. Once the pandemic comes to an end, everything will shift into the digital realm. Both CBDCs and crypto will become the world's new economic system as paper money disappears from the face of the Earth. At least, there's light at the end of the tunnel. With vaccines in play, it shouldn't be long enough before COVID-19 becomes history as the world's economy recovers at a slow and steady rate. Just my thoughts

It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.

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[oHnK]

It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.

China has improved in its economic conditions.  It could be because of the way they handle cases that occur.  But unfortunately they are quite closed in the existing case data.  We can't just believe the data, because in my country the Covid case was faked.  So, this Pandemic is real or not, only the elites know.  The casualties are real, but this pandemic could only be engineered to achieve certain goals by the elite.

[ropyu1978]

The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.

[Mauser]

The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.

The developed countries might be in a better position because they can produce more vaccines should reach herd immunity much faster than poorer countries. Israel for example has so much money that they just bought all the vaccines in the begging and are already back to a normal life. Eventually the whole world needs to recover. What we see is an rise in debt all around the world. So we probably need more stimulus packages to get the economy back on track.

[blckhawk]

The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.

The developed countries might be in a better position because they can produce more vaccines should reach herd immunity much faster than poorer countries. Israel for example has so much money that they just bought all the vaccines in the begging and are already back to a normal life. Eventually the whole world needs to recover. What we see is an rise in debt all around the world. So we probably need more stimulus packages to get the economy back on track.

Not all developed countries though as the United States still suffering brought by Covid-19. In fact, they have money to purchase vaccines to eradicate the virus but still, they are one of the leading cases of COVID as of today. China, on the other hand, has already been settled down their cases so there's a chance that they might replace the United States as the leading economy. Therefore, no matter what position does countries are in whether it is developed or not they are struggling in this pandemic and it will take a lot of time for every each country to recover from this phenomenon.

[bryant.coleman]

Not all developed countries though as the United States still suffering brought by Covid-19. In fact, they have money to purchase vaccines to eradicate the virus but still, they are one of the leading cases of COVID as of today. China, on the other hand, has already been settled down their cases so there's a chance that they might replace the United States as the leading economy. Therefore, no matter what position does countries are in whether it is developed or not they are struggling in this pandemic and it will take a lot of time for every each country to recover from this phenomenon.

I have already mentioned about this before. CoVID 19 is the best thing that could have ever happened to China. The economies around the world are sinking, but the Chinese economy is not just surviving but it is also thriving. On top of that, China has been the largest supplier of vaccines, with total sales amounting to hundreds of millions of doses. As per the official stats, only around 4000 people have died of CoVID 19 in China, while the same for the United States is more than 100 times higher.

[dimox]

recover? of course. slowly but sure, people will find how to survive in  shaky place. its not about their own coin, they already have own method to protect their ppl. its about time, and how hard they fight this thing.

[Abiky]

It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.

China's economy increased to new heights even with COVID-19 in play. But the Yuan is still far from replacing the US Dollar as the world's next reserve currency. If China continues to grow, it could very well become the largest economy in the world. Right now, COVID-19 is changing our world at a fast pace. We're going to have to see what happens after the pandemic comes to an end. The longer it takes for COVID-19 to disappear, the longer it'll take for countries' economies to recover back to the way they were.

Nonetheless, what matters is people's health above all else. Governments should focus on putting people's health first instead of the economy. Only then, life could go back to normal. Vaccines are being distributed worldwide, so it should only be a matter of time before COVID-19 becomes endemic. The recovery of the economy will depend on governments' and citizens' efforts to shorten the lifespan of the disease as soon as possible. As long as everyone does its part, the economy after COVID-19 will blossom like never before. Just my opinion

[Sithara007]

Nonetheless, what matters is people's health above all else. Governments should focus on putting people's health first instead of the economy. Only then, life could go back to normal. Vaccines are being distributed worldwide, so it should only be a matter of time before COVID-19 becomes endemic. The recovery of the economy will depend on governments' and citizens' efforts to shorten the lifespan of the disease as soon as possible. As long as everyone does its part, the economy after COVID-19 will blossom like never before. Just my opinion

We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.

[skarais]

We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.

If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease?

@Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority.

[Obi theo]

It's really damaging , economy after covid 19, inflation everywhere, loss of business ,home , no fund to pay bill it really fustrating at this point hope we recovery from it especially for an average citizen in our country.

[Abiky]

We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.

Even worse, vaccine manufacturers like Pfizer and Moderna are already planning a third dose. At this pace, COVID-19 will take a lot longer to disappear from the face of the Earth. For the economy to recover full speed ahead, we need to reach herd immunity as soon as possible. Otherwise, things will never be normal again. Governments and companies should stop thinking about the economy and focus on doing what's best to put an end to the pandemic once and for all. As long as greed prevails, don't expect this to be over anytime soon. Who knows how the world's economy will look like post-pandemic?

Nonetheless, every pandemic brings revolution to our society. One would imagine that physical interaction will be a thing of the past in a post-COVID world. People will work, take classes, and even manage their finances all within the comfort of their home. The new economy will be completely digital, as fear of getting re-infected will dominate people's minds. It's something that was never previously imagined, but it's now being realized as the pandemic takes the world by storm. Let's hope all goes well in the long run with cooperative efforts from both governments and citizens alike. Just my opinion

[Sithara007]

We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.

If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease?

@Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority.

There is no proof that vaccines make it difficult for the body to produce antibodies naturally. Right now we don't have any other choice. Once the pandemic is controlled, there will be no need to vaccinate everyone. But that will take place only after at least one round of universal vaccination. More worrying is the fact that the virus is mutating now. South Asian countries are reporting more deaths because a "double-mutant" variant of the virus has been spreading among the population. We need to vaccinate everyone and contain the pandemic, before the virus mutates further and becomes more lethal.

[Gaaara]

Digital currency being a thing doesn't make cryptocurrencies being official for daily transaction, if everything started to be done online it might attract people to cryptocurrencies and be curious what is it and possibly invest but that's about it, online wallets in our country have started becoming a standard since the government proposed to use it but it doesn't relate to cryptocurrencies since the wallet only accepts our standard currency which is php, even foreign money doesn't apply. So basically even if were transacting online the economy is perfectly fine but more people are asking about cryptocurrencies which is a bit of benefit with people started using online wallet.

[Vishnu.Reang]

Even worse, vaccine manufacturers like Pfizer and Moderna are already planning a third dose. At this pace, COVID-19 will take a lot longer to disappear from the face of the Earth. For the economy to recover full speed ahead, we need to reach herd immunity as soon as possible. Otherwise, things will never be normal again. Governments and companies should stop thinking about the economy and focus on doing what's best to put an end to the pandemic once and for all. As long as greed prevails, don't expect this to be over anytime soon. Who knows how the world's economy will look like post-pandemic?

Nonetheless, every pandemic brings revolution to our society. One would imagine that physical interaction will be a thing of the past in a post-COVID world. People will work, take classes, and even manage their finances all within the comfort of their home. The new economy will be completely digital, as fear of getting re-infected will dominate people's minds. It's something that was never previously imagined, but it's now being realized as the pandemic takes the world by storm. Let's hope all goes well in the long run with cooperative efforts from both governments and citizens alike. Just my opinion

Herd immunity is possible. It is possible to manufacture up to 15 billion doses of the vaccine per year, but the issue lies with all the regulations and the slow approval process. The EMA in European Union has refused to approve the Sputnik V vaccine, because it is manufactured and patented in Russia. This is what happens when the governments dictate everything and refuses their population to have a proper choice. The EU is facing a surge in new cases and deaths, and yet they have refused to approve non-Western vaccines.

[Dusang1998]

Probably going to take years to go back to what it used to be, however that is maybe a good thing if we could manage to change the whole system since it showed that it didn't worked. I mean we had this in 2008 as well and it didn't worked at all, look at 2020 and we see that we didn't learned anything from the 2008 crisis at all, maybe we will find a way to figure out what is wrong this time around.

I am not too happy about if we would be learning anything from this neither, but there is that potential and I am really excited about it. Look at the world right now, everyone moves a bit more progressive left right now in the young generation and that is very important actually. However, the 70's hippies all grew up to become a conservative actually so I can't really say if this new generation will grow up to be even more progressive or will they become conservative as well.

will see all that in few years, situation isnt good at all. im not sure how long will it stand

[Dusang1998]

Right now the pandemic is not showing any signs of a slowdown. Especially in regions such as the United States and the European Union, the number of new infections are rising. First the pandemic needs to be contained. Only after that, we can plan about any sort of economic recovery. Trends are looking bad, as the winter season is peaking in the northern hemisphere.

It will be reduced after the distribution of the vaccine, and it's going to happen on the second of the year, once the first wave of distribution of vaccine occur the percentage could drop to 50% we will build a herd immunity right away even if only 20% of the world's population is vaccinated, there is a study that vaccination could last for two years until everybody is vaccinated.

I don't think everyone wants to be vaccinated so obviously the second wave will definitely take longer, and it is more serious that 2021 is the start of vaccine distribution and starting this injection which will maintain our immunity so the process may run 20% accordingly the percentage where the world's population needs advice on how to deal with vaccines with confidence.
And the most important thing for me is that our immune system can and does not need to be vaccinated.

question is for how long vaccine will protect our immune sistem, and how will it take. when will look on both sides its not good at all

[DrBeer]

American economy is in a very bad state and things were made even worse by the pandemic. Let's not forget the fact that US was the country which was worst affected from the pandemic. It has reported the maximum number of infections (31,496,976) and the maximum number of deaths (569,282) for any country in the world. And if they start new wars in between this pandemic, then that will result in an economic meltdown (not just in the US, but around the world).

The United States is the country whose economy's been mostly affected by the pandemic. The number of unemployed people seem to be on the rise as the COVID-19 disease brings fear to American citizens. The faster the US government takes action to put an end to the disease, the faster the American economy can recover. But if things go south, don't expect the American economy to rise from the ground anytime soon. If this happens, the US Dollar might lose its status as the reserve currency of the world. Imagine how the world will change if this happens.

A post-COVID economy might look a lot more different than we've previously imagined. My guess is that either the Chinese Yuan or the Euro will become the new reserve currency of the world after the fall of the US Dollar. Once the pandemic comes to an end, everything will shift into the digital realm. Both CBDCs and crypto will become the world's new economic system as paper money disappears from the face of the Earth. At least, there's light at the end of the tunnel. With vaccines in play, it shouldn't be long enough before COVID-19 becomes history as the world's economy recovers at a slow and steady rate. Just my thoughts

It was customary to tell "ballads" about the "imminent end of the United States" in one "most powerful country" that collapsed not so long ago due to the fact that it could not feed itself. But according to her statements, for more than fifty years, "the United States has already stood with one foot in the grave"
Now some are continuing this tradition. But they do not understand one thing - in order for the country to have insoluble problems, there must be real processes of degradation - of society, economy, politics, ...
The United States today, firstly, did not have such a set of problems, and secondly, secondly, the whole world depends on the dollar, and any amount of printed new money that will go to support the US economy and citizens will not actually create inflation or similar problems, they will be absorbed by the world market.
Well, and most importantly, the rates of disease and mortality in the United States are so high, in comparison with other countries, only then that in the United States at a higher level, and more globally, an information collection system is built. Can you, for example, give a 100% guarantee that, for example, in India or Mexico, the incidence and death rates from Covid correspond to at least 90% of the real picture?

[awik p]

We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.

If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease?

@Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority.

There is no proof that vaccines make it difficult for the body to produce antibodies naturally. Right now we don't have any other choice. Once the pandemic is controlled, there will be no need to vaccinate everyone. But that will take place only after at least one round of universal vaccination. More worrying is the fact that the virus is mutating now. South Asian countries are reporting more deaths because a "double-mutant" variant of the virus has been spreading among the population. We need to vaccinate everyone and contain the pandemic, before the virus mutates further and becomes more lethal.

I think in terms of vaccinating it must be done simultaneously. thus reducing the space for the virus to develop. because at this time activity has started to normalize, it is feared that the virus will still be easy to reproduce

[bryant.coleman]

Can you, for example, give a 100% guarantee that, for example, in India or Mexico, the incidence and death rates from Covid correspond to at least 90% of the real picture?

I can't speak for Mexico, because I don't have any information about that country. But I have relatives in India and I can assure you that the number of deaths they are reporting from India are very close to the real numbers. The truth is that the mortality rate is much lower in India. But this is not due to any work done by the government. Indians have constant exposure to flu-virus and therefore their natural immunity is better. Across the South Asian region (Pakistan, Nepal, Sri Lanka.etc), you can find the same scenario. On the other hand, the highest mortality rate for CoVID 19 was reported from the Latin American region, which includes Mexico.