Economy after COVID-19

[abhiseshakana]

Covid 19 is really a big trial to all it is now the big problem that we are now facing, after this pandemic i am sure that the economy will fall, because everyone is now leaning on the government everyone's work is affected due to the continuous rise of the people who get infected to the said virus. But i believe that after this pandemic we wil still rise and we will back to normal life we need to pray for the emediate release of the vaccine to prevent this virus to scattered and no one will sacrifice life.

http://www3.weforum.org/docs/WEF_COVID_19_Risks_Outlook_Special_Edition_Pages.pdf

https://www.visualcapitalist.com/whats-at-risk-an-18-month-view-of-a-post-covid-world/

Research from the WEF can be one of our references for the post-pandemic global economic picture. The researcher said the biggest impact of a pandemic is a prolonged recession, a prolonged recession is a depression and great depression. The pinball effect that occurred in the pandemic caused disruption to global supply chains and changes in consumption patterns that impacted the bankruptcy of many companies both small to large scale.

Some questions finally came to my mind, when the bailout strategy could not be carried out because the state and the central bank ran out of dollars, whether the economy would stop because the blood was running out and the economic lubricant was only concentrated on the plutocrats.

Is it possible for the government to carry out the regulator's function by taking TINA's strategy (there is no alternative) so that the money back function as a transaction lubricant is not only an asset.

[charlemagne_15]

This covid thingy indeed crash the economy. It bring chaos not only to people but to the things that makes people live. After this pandemic, I am sure that economy will recover since mostly of the businesses will reopen and be functionable again however it will takes time to cope up with the losses.

[Heart18]

I think everything wouldn't be the same after this Pandemic. We learned to live now in a new normal way of living, just to survive and still be safe from Virus. And with the help of modern technology now, things became more easier for us, like working just the comfort of our home, do businesses,  attending online class, making purchases online, pay bills and even manage all our financial transactions online. We are so much into digital world as you had been said, and even if this crisis will end, this new virtual way of living will continue to pass on. Cryptocurrencies has a lot to offer especially this time, and so much more in the future. Though, we can't deny that we still need physical wallet and currency,  I still believe it is highly advisable to use Bitcoin for all online purposes because it is much easier to use digital wallets with just one tap. I just wish that everyone will know its great features so all of us could work together, earn together and invest higher investment in cryptoworld. And lastly, I know we will be able to cope up after this, and the dying economy will soon recover in each country.

[Vishnu.Reang]

This covid thingy indeed crash the economy. It bring chaos not only to people but to the things that makes people live. After this pandemic, I am sure that economy will recover since mostly of the businesses will reopen and be functionable again however it will takes time to cope up with the losses.

A complete recovery may take more than a year, and possibly up to 3 years. If people can't go out, how can you expect the economy to be back on track? With the lockdowns failing to check the spread of the disease, now the only hope is on the vaccine that AstraZeneca is developing. And unfortunately it may not be available in the market for another 6 to 12 months. Can the economy survive for that long? I am skeptical about that.

[Kulkhan]

After Covid-19 Our World Economy Will Very Alarming I Think, Now in Covid Situations World Economy Decreasing Day By Day, People Can't Go Work. Altho Many Country Come Back From Lock Down But People Can't Going to There Profession. Becouse Covid-19 Come Back Again And Again, Recently Newziland Remove their Lock Down And Decliar They are free From Covid-19 , But We Are Knowing That People Are Affected Again In Newziland. So I Think, If This Situations Ware Contniue World Economy Fall Down in future And After Covid World Economy have To Start from Zero, Also Need Restart Of Economy.

[btc78]

Covid-19 Completely Crashed World Economy there is no doubt but & it's it won't be recover soon.Mostly will suffer 3rd world developing country.So there need little bit help from rich country.  Hopefully all ends up well for everyone.

Actually this is one of the best thing that happens to the world because in this we have tested our capacity how to overcome  rarest case we can have since long years passed.
there are many situation like Virus but nothing harder like this,when the whole world Get panicked ,with half a million casualties.
Works/Jobs losing,Increasing infection day by day for more than 3 months now.
If this continues then many countries will really suffer in deepest part.
But look at the earth?it is healing,we can now feel the freshness of air.
Water is starting to be clean naturally,and the ozone layer is also repairing.
Let us not look in the bad things that this Covid Give but instead what is the goodness in brings to our world.
economy will recover,for sure in a matter of month or years,this will end for sure.

[Majharul Saiif]

After COVID-19, each and every country will focus to recover it's previous budget which already spent. May be we will see the fourth stage of industrial revolution by this time properly. But this is not the analysis. It is said from my experience and following by previous things.

[Opuriankk]

The impact of the positive pandemic, it made people think about digitization and gave some logical reasons for investing in digital technologies and investing in technology that does not need any tangible purposes.
In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.

[Alt Coiner]

Covid-19 Completely Crashed World Economy there is no doubt but & it's it won't be recover soon.Mostly will suffer 3rd world developing country.So there need little bit help from rich country.  Hopefully all ends up well for everyone.

Actually this is one of the best thing that happens to the world because in this we have tested our capacity how to overcome  rarest case we can have since long years passed.
there are many situation like Virus but nothing harder like this,when the whole world Get panicked ,with half a million casualties.
Works/Jobs losing,Increasing infection day by day for more than 3 months now.
If this continues then many countries will really suffer in deepest part.
But look at the earth?it is healing,we can now feel the freshness of air.
Water is starting to be clean naturally,and the ozone layer is also repairing.
Let us not look in the bad things that this Covid Give but instead what is the goodness in brings to our world.
economy will recover,for sure in a matter of month or years,this will end for sure.

Exactly! There's always pros and cons to any given situation or problem. It really depends on one's perspective on how to go about handling the problem and going for solutions that would help us get the economy up again (during and after the pandemic).

[Abiky]

Goverment will try everything for the faster recovery of the economy. There may be additional taxes, and higher price of goods especially the main needs. Schools and classes will be back to normal. There are more employees who will come to work and ofcourse employees who will apply due to they lose their job because of this pandemic.

Exactly. After every economic recession or depression, comes a slow and steady phase of recovery. The longer COVID-19 lasts, the longer it may take before everything goes back to normal. Right now, people are full of fear and desperation. It's normal for the economy to go down the drain in times of turmoil. What's important is the health recovery of people infected with the coronavirus disease. After that, governments can focus on bringing the economy back on track. At least, that's my point of view. But some countries (like the US) have decided to put the economy first, leading towards a complete disaster.

Once there is a vaccine or cure available for COVID-19, we could talk about the recovery of the worldwide economy. As I've said before, it'll be a slow and steady process. It could take decades before the economy goes back to normal. In the bright side, the effects of COVID-19 will radically transform businesses and companies in the mainstream world. We will get to a point where every job will be done remotely, while shopping will be done entirely online. Physical interaction will be a thing of the past as everything shifts to the digital realm. With CBDCs coming in play soon, we can expect this and more in the not-so-distant future. Just my thoughts

[Chrystora123]

After COVID-19, each and every country will focus to recover it's previous budget which already spent.

of course, this will be done by all countries in the world affected by COVID-19 but to restore the economy and the budget that has been spent by each country will have a different time, countries with high human and natural resources will recover faster..

The impact of the positive pandemic, it made people think about digitization and gave some logical reasons for investing in digital technologies and investing in technology that does not need any tangible purposes.
In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.

mmmm, I agree with this Pandemic making the world more open with digitalization but this is too fast.  we are very forced, just look at the reality on the ground that there are still many people who are not open to digitization and do not understand technology..

[@SumiaShayna57]

Everything has been shut down for the past few months due to the 'lockdown' announced by the government across the country to curb the spread of coronavirus. It will take many years for the coronavirus to recover. We do not know how difficult it will be to deal with the unemployment that will result from this outbreak. In fact, it is not yet clear how many people will be unemployed. We also do not know how many millions of small and medium enterprises are already at a loss. I think we all need to move forward to move the financial wheel after this epidemic. Hopefully one day everything will be fine.

[samputin]

After COVID-19, each and every country will focus to recover it's previous budget which already spent.

Yep and as for our country, we'll also focus, surely, on how to pay the debts we had in order to support the needs during the pandemic.

Also, work from home will still be present and some things would still be done online such as paying bills, shopping, and the like. And whatever we've been through during this time, the economy of every country will recover after the crisis. 

[Shasha80]

I am sure the economy will slowly recover after COVID-19, but it will not be normal as usual. Because since the world was infected
by COVID-19. There will be some changes, I'm sure more and more people will avoid using cash. Because of the risk of contracting
disease, people will be more comfortable using digital payment. Such as credit cards, e-money, mobile banking and internet banking.
It is unfortunate the use of cryptocurrency is still not very popular. Maybe because not all countries have legalized cryptocurrency
and there is still a lack of promotion, because there are still many people who do not know cryptocurrency.

[batang_bitcoin]

I am sure the economy will slowly recover after COVID-19, but it will not be normal as usual. Because since the world was infected
by COVID-19. There will be some changes, I'm sure more and more people will avoid using cash. Because of the risk of contracting
disease, people will be more comfortable using digital payment. Such as credit cards, e-money, mobile banking and internet banking.
It is unfortunate the use of cryptocurrency is still not very popular. Maybe because not all countries have legalized cryptocurrency
and there is still a lack of promotion, because there are still many people who do not know cryptocurrency.

So far everything is starting to recover. Once flights are comeback, that only shows that the economy is a little bit recovering from the devastation that this covid19 crisis has brought. Although it doesn't mean complete recovery but it's a good start for most countries.
A lot of news shows that some establishments are going back and despite the covid19 threat, others are brave to do something just to put food in their tables. All of us will recover and even our economy, it may be slow but the most important part is that it recovers.

[$crypto$]

After Covid-19 continued to hit the world a few months ago, of course this will greatly affect the economy, but now it has begun to improve with all the efforts of the government that has been done so it can breathe fresh air after everything is back to normal.

But in the past few hours I found an article that research in China found a new swine flu with potential to become a pandemic again?

Again, this is from China, what might be the source of everything in the event of a pandemic again, then this would be worse in my view.

https://edition.cnn.com/2020/06/30/asia/china-swine-flu-pandemic-intl-hnk-scli-scn/index.html

[yohananaomi]

After Covid-19 continued to hit the world a few months ago, of course this will greatly affect the economy, but now it has begun to improve with all the efforts of the government that has been done so it can breathe fresh air after everything is back to normal.

But in the past few hours I found an article that research in China found a new swine flu with potential to become a pandemic again?

Again, this is from China, what might be the source of everything in the event of a pandemic again, then this would be worse in my view.

https://edition.cnn.com/2020/06/30/asia/china-swine-flu-pandemic-intl-hnk-scli-scn/index.html

the potential of the covid-19 pandemic has not yet ended and cannot end quickly. there are still many countries that are still struggling to properly control this covid-19 pandemic, and there are still many who are sick with severe categories to those who die. this has not been compounded by the hospital's inability to accommodate the sick due to the covid-19 pandemic, as a result of which many are still infected and sick.

the covid-19 pandemic will not end if there are no medicines and vaccines that will cure, because what is done now is to avoid the healthy not being infected with the sick, not to cure.

many countries have reduced covid-19 pandemics and provided the opportunity to be able to run the economy normally, open flight routes between countries, experience a new dilemma, the second phase of the covid-19 pandemic.
what is now feared from the covid-19 pandemic is that people are sick without any symptoms, this is what makes transmission even more devastating.

[BuNga_cute]

It is impossible for the economy after COVID19 to remain the same, I am sure the economy will gradually begin to recover. Starting with
the opening some shops and offices, from here people will start working and earning income. This can make the economy run again, and
will slowly recover. Related to the use of paper money will be increasingly reduced because it is considered less safe, can spread the virus.
Then people will start to move to use digital currency, the use of cryptocurrency should also increase.

[hahay]

It is impossible for the economy after COVID19 to remain the same, I am sure the economy will gradually begin to recover. Starting with
the opening some shops and offices, from here people will start working and earning income. This can make the economy run again, and
will slowly recover. Related to the use of paper money will be increasingly reduced because it is considered less safe, can spread the virus.
Then people will start to move to use digital currency, the use of cryptocurrency should also increase.

These efforts will always be done because the government will not just be silent and the government will certainly always try to make many new policies to restore the country's economy. Any illness, crisis and or disaster will certainly occur in the world and will also be overcome even though it takes a lot of time to recover. So related to this problem, every individual will also force themselves to survive in this difficult economic situation, but with the help and donations made at least it will be an effort to ease their burden.

[Restmand]

With the ever-increasing need for social distancing, people are recurring to online payments and e-commerce sites. The longer it takes to find a cure for the disease, the faster our world will change economically. During the pandemic, people will be using credit/debit cards more than physical cash itself. It's no wonder since physical cash is known to carry germs and bacteria with them.

Now, imagine an scenario where the cure for COVID-19 have been found while people are directly attached to the online world. The economy might never be the same as before, since people will start to value intangible items over tangible ones more thoroughly. A world where everything is digitized or "tokenized" seems to be the economy of the future. By then, each country will have its own CBDC living alongside traditional cryptocurrencies we know and love today. China might be the first country to launch a CBDC, followed by the US and several other countries. The launch of government-backed digital currencies wasn't a subject that heavily touched by world leader before the pandemic. Now that coronavirus encourages social distancing, things will accelerate quite a bit in the development of CBDCs for the whole world to use.

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

The economy will probably be recovered but not on the spot. It will take longer time to work for this status. Here in our place in the Philippines, a lot of people lost their jobs due to the pandemic and cannot guarantee if they can get back their jobs after the crisis because there are some companies stop their operations.