Economy after COVID-19

[bayu7adi]

How come?
I mean there is a pretty big chance people won't have enough money to buy things apart from food and other basic stuff.
We all have to believe and hope for the best, but lets look into reality and it may occur ugly

A person should still have a healthy body to work. If you understand the conditions when COVID comes, then the most affected are workers who have dropped out of work. They are forced to be unemployed because the economic conditions of many companies have experienced a drastic decline.

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.

We know that masks protect us from viruses, but eating can sustain us

[bryant.coleman]

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.
We know that masks protect us from viruses, but eating can sustain us

Masks are not that expensive. The cheapest ones are available from $0.20 onwards. So there is no truth in claiming that people are not buying masks, because they can't afford it. On top of that, a lot of governmental and non-governmental agencies are providing masks for free. Loss of jobs has been a major issue during this pandemic. But then, job losses happen all the time (although on a much smaller scale), and we need to be always prepared for it. We need to build up our savings, when we have the job.

[Abiky]

A person should still have a healthy body to work. If you understand the conditions when COVID comes, then the most affected are workers who have dropped out of work. They are forced to be unemployed because the economic conditions of many companies have experienced a drastic decline.

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.

We know that masks protect us from viruses, but eating can sustain us

Exactly. If there's no health, there's no economy. But, mainstream governments don't see it this way. They prefer to sacrifice millions of lives in exchange of keeping the economy alive. Rest assured that this negligent decision will further deepen the crisis in the mainstream world. Until governments start taking action against COVID-19 by performing a "lockdown", things will not get better. Of course, critics will say that the "lockdown" will harm the economy. But I say that people's health is much more important than the economy. Without healthy people, there won't be any economy whatsoever. Given that governments have been reluctant to enable a "lockdown", COVID-19's duration in the mainstream world will be greatly extended.

After a vaccine is found, we're going to have to wait a while for COVID-19 to disappear from the face of this Earth. Only then, the economy will be restored to the way it was prior to the pandemic. In the bright side, COVID-19 will allow us to embrace the latest technologies for our daily lives. Remote jobs (telework), telemedicine, and virtual conferences have become the norm during the pandemic. It'll be the new normal even after the demise of COVID-19 in the mainstream world. As with any pandemic, the economy will go down the drain at a fast pace. After that, everything will recover at a slow and steady phase. No matter what happens with the economy during and after COVID-19, Fiat and crypto will be here to stay for many generations. Just my opinion

[AnonBitCoiner]

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.
We know that masks protect us from viruses, but eating can sustain us

Masks are not that expensive. The cheapest ones are available from $0.20 onwards. So there is no truth in claiming that people are not buying masks, because they can't afford it. On top of that, a lot of governmental and non-governmental agencies are providing masks for free. Loss of jobs has been a major issue during this pandemic. But then, job losses happen all the time (although on a much smaller scale), and we need to be always prepared for it. We need to build up our savings, when we have the job.

The price of mask was not changed the economy of nay country.Some people think,like that. Actually it was a not a fact one.By the cheapest mask,many of our people life was saved a lot.All this mask,sanitiser and glove was a precaution one for this covid 19.So think about minor expenses and get into trouble.

[pankowri]

Covid-19 is still spreading all over the world. For this reason, economy can't run properly. Some country can't perform well for their fragile economy system. Nothing to do but we have ti cope up with this. Vaccine is still in human trial and still we are hoping for the best to see the world in a new form like before. Then the economy will run properly and the world will recover soon to go back with the previous consequence. So it can be said that after covid-19, economy will be fully recovered for consequent surge of previous flow.

[Chrystora123]

snip..

Masks are not that expensive. The cheapest ones are available from $0.20 onwards. So there is no truth in claiming that people are not buying masks, because they can't afford it. On top of that, a lot of governmental and non-governmental agencies are providing masks for free. Loss of jobs has been a major issue during this pandemic. But then, job losses happen all the time (although on a much smaller scale), and we need to be always prepared for it. We need to build up our savings, when we have the job.

not using masks today is just an excuse because you don't want to wear them (mask) anymore..  In many countries, the focus of the government is on how to revive the jobs that have been lost due to this "PANDEMIC".  Until the end of this year, we will not see a normal economy (like before COVID-19) because the public careless of the spread of COVID-19 has increased.. 

[J.Amador]

I think our economy after COVID-19 Is slowly recovering If our Government they gonna do a better plans on how to recover our economy. Look at our economy now many companies are bankrupt many people lose their job and they desperate to have a job I wish after this pandemic our country and economy are slowly recovered

[proTECH77]

Economy after covid-19 will go to be great.
Since covid-19 came, many people find it difficult to carry out their activities well as usual due to the lockdown on ground. Many countries economy was collapsed because of the virus that is taking citizens life in the country. Many lost their their job because of the pandemic which the government are happy about what is going on in the country. With the announcement by the government concerning the damages the covid-19 has caused during the pandemic show the government will do everything possible to make the economy great again.

[Abiky]

Covid-19 is still spreading all over the world. For this reason, economy can't run properly. Some country can't perform well for their fragile economy system. Nothing to do but we have ti cope up with this. Vaccine is still in human trial and still we are hoping for the best to see the world in a new form like before. Then the economy will run properly and the world will recover soon to go back with the previous consequence. So it can be said that after covid-19, economy will be fully recovered for consequent surge of previous flow.

Exactly. There needs to be a vaccine or cure before we can talk about the recovery of the economy in the mainstream world. Without healthy workers, a nation's economy cannot be restored to its former glory. Unfortunately, governments are desperate in these times of turmoil. This will lead them towards making many decisions that will affect many people worldwide. As long as chaos persists, the economy won't be going anywhere. If the damage is very deep, the economy might never stand on its ground again. Luckily, crypto and Blockchain tech come to the rescue as they prove to be a viable alternative against the current monetary system. Bitcoin has already been proven to be quite resilient in times of need. If the mainstream economy collapses, the decentralized economy will continue to live on its own. Still though, everything revolves around Fiat currencies. Without Fiat on the top, crypto will have a hard time being an independent type of currency for the whole mainstream world to enjoy.

Given that we're still in a period of uncertainty, anything could happen in the following months. The more the pandemic lasts, the deeper the economy will sink. What matters is people's health more than anything else. Once there's immunity against COVID-19, then it'll be easy to go back to normal. Let's hope that pharmaceutic companies develop a safe and effective vaccine to shorten the lifespan of COVID-19 in the mainstream world. Just my thoughts

[vlast01]

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.

If there's a complete cure for covid 19 in the mere future, the economy will soon rise again because right now due to pandemic the production rate of all products has been reduced that lead to lack of supply that cause a huge drop on our economy, and if the restrictions(social distancing, quarantine, lockdown and etc..) have been lifted the shortage of production rate will again increased due to increased in man power.
As for the banks I think they won't face any problem on that because they can easily change Fiat to digital or vise versa due to the help of the government and the society itself.

[AndySt]

If there's a complete cure for covid 19 in the mere future, the economy will soon rise again because right now due to pandemic the production rate of all products has been reduced that lead to lack of supply that cause a huge drop on our economy, and if the restrictions(social distancing, quarantine, lockdown and etc..) have been lifted the shortage of production rate will again increased due to increased in man power.
As for the banks I think they won't face any problem on that because they can easily change Fiat to digital or vise versa due to the help of the government and the society itself.

I think that we should not hope for a complete cure from covid-19 in the near future, because this is a question of mass vaccination, and this is purely organizational and technically difficult to solve in the next few months on a large scale, it also depends on the conditions in the state itself, how the population is distributed, whether the state has the necessary funds to create and support infrastructure for storing and distributing vaccine doses that require very low temperatures.

[ardentvolcanoes]

If there's a complete cure for covid 19 in the mere future, the economy will soon rise again because right now due to pandemic the production rate of all products has been reduced that lead to lack of supply that cause a huge drop on our economy, and if the restrictions(social distancing, quarantine, lockdown and etc..) have been lifted the shortage of production rate will again increased due to increased in man power.
As for the banks I think they won't face any problem on that because they can easily change Fiat to digital or vise versa due to the help of the government and the society itself.

I think that we should not hope for a complete cure from covid-19 in the near future, because this is a question of mass vaccination, and this is purely organizational and technically difficult to solve in the next few months on a large scale, and it also depends on the conditions in the state itself, how the population is distributed.

Much better to have a complete cure as it will fasten the recovery, your point is valid but people sacrifices are already heavy, so having the cure will

give them good hope to continue surviving, Government in the other hand are capable of budgeting the country's fund in order to implement the cure

to each citizen that they have, the quicker they do the better as confidence to go out and start everything as how normally been done will be seen in

each part of the country.

[Sterbens]

I think our economy after COVID-19 Is slowly recovering If our Government they gonna do a better plans on how to recover our economy. Look at our economy now many companies are bankrupt many people lose their job and they desperate to have a job I wish after this pandemic our country and economy are slowly recovered

Despite the economic improvements after the pandemic, I think it will be a good start for everyone choosing business in the critical world. because this is driven when the pandemic conditions hit many people move to invest.
Even so, after this pandemic, people have lost their jobs and some have even been fired because they are unable to pay workers due to the reduced supply of consumers.

[Fesatmas]

Many are now wondering what to do to prevent such situations from happening again.

This situation is unquestionable, it would be nice to keep trying as much as possible. although there are several obstacles due to the pandemic. If we are able to overcome this with the effort put in, I think we will all have a good pandemic season.
I believe the government is looking for the best solution to overcome this pandemic.

[Zanab247]

With the things government has put in place, since we came out from pandemic show the economy Will soon start pumping as usual in the country. All the requirements the citizens need to grow their organization and other things in the country has been put in place, to make the economy start functioning in different communities in the country.
Since the government has impose taxes to some community so that many amenities will be done in the community for people to grow their farm crops and other businesses in the community.

[Ayiranorea]

The technology advancement have given access for the people to work from home. If not, everything could've got shut by the pandemic. As each and everything is networked a small issue will also cause a massive failure. Now everything seems to be on track, but moving on the slowest lane. It takes time to move fast, particularly until the vaccine comes to usage we're supposed to be the same as now.

[Abiky]

The distribution of vaccine may take time, but I am sure it will reach to every person needed. WHO would have already co-ordinated with each country by now or in process once the vaccine is finalized and the further steps so that it reaches as soon as possible and needy be given on priority. Again, it depends which country gets it first and how much production can be done on daily basis as to cover whole population is a massive thing.

That's certainly true, mate. Vaccine distribution will take a long time, especially now when a lot of people worldwide have COVID-19. For the economy to recover, people need to be healthy. The virus must be eradicated first before everything can head back to the way it was. My guess is that once the mainstream economy rises to its former glory, both crypto and precious metals will return to their original price levels. It's pandemic times which contribute towards massive demand of store of value assets as people rely on them to protect themselves against inflation. After all, governments print more money during times of crisis in order to keep the economy afloat. As long as people cooperate to help stop the spread of COVID-19, the mainstream economy will be able to recover faster than you could've imagined. Otherwise, it may take a long time before we can experience a healthy economy in the mainstream world.

Nonetheless, it seems to me that COVID-19 will not last for long. Thank God, two vaccines are bound to be distributed soon by renowned pharmaceutical companies in the mainstream world. With over 90% of effectiveness, people will be able to achieve an almost-complete immunization against the dreaded COVID-19 disease. Once the majority of people are vaccinated, we can hope for a slow and steady recovery of the mainstream economy. Everything will depend on a collaborative efforts between mainstream governments and everyday people to put an end to the pandemic once and for all. Just my thoughts

[Ladyvirgo]

        As the world looks forward to recovering from covid 19.we face as well as opportunities to rebuild a more resilient ,fairer society.  and our experts will examine issuers ranging  from  international polotics  to individual mental health, from delivering economic recovery to consuming culture in new ways...

[atjiat]

Each person should look for opportunities for alternative work, so as not to depend on the state, which is trying to save not only the economy, but also human lives through strict quarantine. Only an original approach to solving this problem can give real results. Pay attention to the news that people have lost their real job, but found another activity in a different field, providing various services to people, and thus giving what society needs, and thereby earn their living. The time will come when governments will understand that everything needs to be changed, including the financial system, as well as the healthcare system.

[khannamirr]

The COVID-19 pandemic has spread at an alarming rate, with millions infected, and economic activity nearly halted when countries imposed strict restrictions to prevent the spread of the virus. With the increase in health and population, the economic damage is already apparent and represents the largest economic shock the world has seen in decades.

The outlook for the global economy in June explains the immediate and short-term outlook for the epidemic, as well as the long-term damage to the growth outlook. According to baseline estimates, global GDP will decline 5.2% in 2020 using market exchange rate weights - the deepest global recession in decades, although governments have made exceptionally effective efforts to counter the downturn with support from monetary and monetary policy. In the long term, the deep recession caused by the epidemic is expected to have lasting effects of declining human capital and fragmentation of global trade and supply relationships due to reduced investment, job losses and education.

best regards,

Aamir