Economy after COVID-19

[Xinarae*]

The development of vaccines against viruses and diseases has been effective  everything from the common flu to polio. For many around the world vaccines are essential especially for children and the elderly in areas where the risk of infection is high however, any product developed by a for profit company even with essentials like vaccines costs significantly the prevalence of vaccines has decreased and people have learned to deal with the virus without it. Although the vaccine is available in all countries of the world no one is resisting it.

[oHnK]

The development of vaccines against viruses and diseases has been effective  everything from the common flu to polio. For many around the world vaccines are essential especially for children and the elderly in areas where the risk of infection is high however, any product developed by a for profit company even with essentials like vaccines costs significantly the prevalence of vaccines has decreased and people have learned to deal with the virus without it. Although the vaccine is available in all countries of the world no one is resisting it.

I don't think so. Vaccines are very important today. All vaccines created have provided great benefits for the entire society. Where there is a vaccine that has less prevention, it's just that the virus has been developing so fast. I see that the current covid and vaccines are not yet significant. However, this is a process and we shouldn't underestimate the current state.

[Noctis Connor]

The development of vaccines against viruses and diseases has been effective  everything from the common flu to polio. For many around the world vaccines are essential especially for children and the elderly in areas where the risk of infection is high however, any product developed by a for profit company even with essentials like vaccines costs significantly the prevalence of vaccines has decreased and people have learned to deal with the virus without it. Although the vaccine is available in all countries of the world no one is resisting it.

I don't think so. Vaccines are very important today. All vaccines created have provided great benefits for the entire society. Where there is a vaccine that has less prevention, it's just that the virus has been developing so fast. I see that the current covid and vaccines are not yet significant. However, this is a process and we shouldn't underestimate the current state.

Everyone people around the world underestimating the virus as you can see lot of the people in the street or in the convenient store which is isn't allowed when you weren't wearing a face mask and some of them are removing there t-back just to put and make it as face mask this is why the virus are evolving too and becoming strong and can easily transfer into another people and the risk is too high because here in my country we already have 69 cases of the new variant virus which they doesn't know where they get it even they don't have travel history outside the country and mostly not all country have vaccine already in here we are still waiting for the vaccine to be arrive in this coming march or april and hope so everyone get vaccinated and now the real question here is are they willing to take the risk of that medicine or not?

[DrBeer]

This was my assumption, focused specifically on people who had already been vaccinated and had recovered (who had natural immunity for some time).
The problem with vaccination is:
- the vaccine is not enough, and today it is not enough for everyone. If you give the production to "everyone", a violation of technology, storage, etc. will begin. , which will lead to dire consequences.
- vaccination is slow. it takes years to vaccinate 60-70% (this will really stop the development of the disease).
- mutation of viruses can completely nullify the effectiveness of vaccines, mutations occur faster than a vaccine is being developed.
- multiple vaccinations, potentially can cause serious harm to the body.

In a word, for another 2-3 years we will definitely have to live in a "special mode" and pray for science or the natural potential of our body!

I can agree with some of the points. It is true that the mass production of the vaccine is not progressing as we would have expected. But at the same time, let's not forget the fact that some 230 million + doses of the vaccine have been administered till now, and in countries such as Israel and the United Kingdom, the impact is already visible. And regarding mutations, out of the thousands of mutations being reported till now, only a very few were found to have resistance against the vaccines (such as the South African variant).

I also partially agree with your arguments
Let me explain why. Israel is not a big country, and planting 9 million in a very small area is not a problem. And the result will really be noticeable quickly.
But there are few such countries. Take China, India, Indonesia, the United States, and other countries with large populations, large areas, and various precautions, for example. In Israel, there are quite serious restrictive measures for visitors from other countries (potential carriers), while in other countries everything is different - large areas, a large population, there are no strict restrictive measures ... As a result, the effectiveness of vaccination is much lower. This means that the risks of the spread of the disease remain. And regarding mutations - as for me, this is the biggest risk here ... Even 1 mutation resistant to vaccine in 10 susceptible is a huge risk. Such a mutation is essentially 2, 3, 5, 10, .. waves of an epidemic. I would rather proceed from a negative assessment than a positive one.

[verita1]

The economy will never be the same before Covid19. It deserved a transformation, an evolution to meet current demands. Since everything is a process, certain changes were already being planned. It is what we have realized from the nations that prepared with the creation of their digital currencies backed by their central banks.
China is leading as the country that intends to implement the digital Yuan, which in turn is doing pilot tests in the country. It is said that in a first stage digital money will be offered to commercial banks and then to the public.

[TribalBob]

cash won't disappear and physical cash will probably stay here and there and digital fiat will slowly replace it in nearly a decade or so. I'm ready for that. there is a lot of hassle that is likely to be removed because of it. Cryptocurrency is somewhat optional at this point, especially since people would probably prefer digital fiat over cryptos.
For economic problems, my country is very bad, where there is a lot of reduction in employees because the company cannot support the cost of employee salaries due to losses, for all economies in countries experiencing decreased profits
I hope that COVID will pass soon and the economy will return to its normal time

[AndySt]

In fact, virus mutation puts a question of relevance of vaccination against covid-19 but governments of some countries are very strictly towards this. For instance Russia didn't except people without vaccination by Sputnik against corona. As far as I know that's an obligatory moment if you need to enter Russia by any reason. Sadly that they don't make or check any tests to find out whether you were ill, recovered and have now natural immunity for some time.

In general, vaccines are different and built on different principles, and therefore, if mutations for some vaccines greatly reduce the effectiveness of the work, then other types of vaccines calmly cope with obtaining the desired reultat. Therefore, I believe that some hysteria about mutations is not fully justified and is dictated by the weak rate of vaccination and the greater degree of contagion of the virus mutations. By the end of the year, the situation regarding vaccination and the release of the required number of vaccines should stabilize and we will see more visible progress in the fight against the epidemic.

[Sithara007]

In fact, virus mutation puts a question of relevance of vaccination against covid-19 but governments of some countries are very strictly towards this. For instance Russia didn't except people without vaccination by Sputnik against corona. As far as I know that's an obligatory moment if you need to enter Russia by any reason. Sadly that they don't make or check any tests to find out whether you were ill, recovered and have now natural immunity for some time.

An antibody test should reveal whether you were infected earlier with the virus. If the antibodies are present in your blood stream, that means that you have natural immunity against the virus and this is going to last up to 6 years. I don't know whether the governments accept these test results or not. Most of them ask for antigen tests, and don't care about the antibody based tests. Actually antibody tests are quite cheap.. here in India they cost only around $10.

[Abiky]

cash won't disappear and physical cash will probably stay here and there and digital fiat will slowly replace it in nearly a decade or so. I'm ready for that. there is a lot of hassle that is likely to be removed because of it. Cryptocurrency is somewhat optional at this point, especially since people would probably prefer digital fiat over cryptos.
For economic problems, my country is very bad, where there is a lot of reduction in employees because the company cannot support the cost of employee salaries due to losses, for all economies in countries experiencing decreased profits
I hope that COVID will pass soon and the economy will return to its normal time

It'll take quite a long time before physical cash disappears from the face of the Earth. Whichever way you see it, there's no denying that COVID-19 has accelerated the adoption of digital payments in the mainstream world. A post-COVID economy would evolve in ways that we've never imagined. From telework, to telemedicine and remote banking, everything will be done in a virtual manner. The new economy will be powered by CBDCs, while paper money slowly fades away from existence. What governments need to consider is the health of everyday people. Without health, there's no economy whatsoever. Once a super majority is fully vaccinated against COVID-19, the economy can start recovering at a slow and steady pace. How long will that take will greatly depend on collaborative efforts between governments and everyday people. It seems to me that the pandemic will last a little longer, since it's yet the day where most people aren't vaccinated. The longer it takes for COVID-19 to disappear, the longer it'll take for the economy to recover.

Nonetheless, the future of the mainstream economy is highly uncertain. As long as COVID-19 persists, the economy will only sink deeper. Who knows if this time the US Dollar steps down as being the "reserve currency" of the world? The mismanagement of the US government towards the pandemic, has led other countries to lose trust in the great American nation. The world economy will change in drastic ways that we've never imagined. It seems to me that we're heading into a global reset where everything starts anew. With China soon to launch their own CBDC to the world, the US is being left behind as the leader of the global landscape. The post-pandemic future will mark our lives forever. Just my thoughts

[Lewan]

The virus has had many effects on life and economy. Mostly, cafes and restaurants. Business areas that serve people in general have suffered. The winner was the world of crypto money in my opinion.

[bitterguy28]

The virus has had many effects on life and economy. Mostly, cafes and restaurants. Business areas that serve people in general have suffered. The winner was the world of crypto money in my opinion.

not specifically crypto only mate but all of those businesses and functions as Online market because  People now had learned more about the use and advantage of this business.

I remember Most of the people around me don't usually use the Online transaction in the past before the pandemic comes but now ? almost everything that they need for living ordered thru Online shipping and that amaze me more now , that is the same reason why the Online businesses blooms like a Mushroom in just the pandemic time range.

[tabas]

The virus has had many effects on life and economy. Mostly, cafes and restaurants. Business areas that serve people in general have suffered.

Majority in the business sector were affected. And a little by little, they're all getting up from the effect that the covid 19 has brought to their business.

The winner was the world of crypto money in my opinion.

It wasn't affected by the covid 19 because it is intangible and digital and works 24/7. With the injection money from the government, people invested a portion of it which made it pump and also the exposure that it got from the popular personalities helped it to go into a bull run.

[Sithara007]

The virus has had many effects on life and economy. Mostly, cafes and restaurants. Business areas that serve people in general have suffered. The winner was the world of crypto money in my opinion.

not specifically crypto only mate but all of those businesses and functions as Online market because  People now had learned more about the use and advantage of this business.

I remember Most of the people around me don't usually use the Online transaction in the past before the pandemic comes but now ? almost everything that they need for living ordered thru Online shipping and that amaze me more now , that is the same reason why the Online businesses blooms like a Mushroom in just the pandemic time range.

The rise in online shopping is not surprising. Even if I am young and don't have any comorbidity, right now I would avoid going to the supermarkets and retail shops. Because if I get infected, then I can possibly pass the infection to the elderly relatives staying at home. So for now, online shopping is the safest and most reliable way to get the groceries and other necessary items. And the online shopping stocks have risen a lot since the pandemic started (AMZN, EBAY.etc).

[Sebas.tian]

Economy after covid-19 will be great.
 Despite the Challenges many countries experienced during pandemic that collapsed the world economy into zero level. Since the government has announced for all organization to start operation to ensure there is surplus production in the country to end hardship in the societies because of the equipment of covid-19 the government has put in place in the country.
The government is doing everything possible to make sure all their citizens is well protect against covid-19 in the country. Many bitcoin users who find it difficult to use their bitcoin to purchase what ever they want over some year now in the country during the pandemic because of the lockdown the government has announced in the country. The government just declared that there will be good environment for all bitcoin users in the country to enable them to achieve something good from their Investment

[Abiky]

The rise in online shopping is not surprising. Even if I am young and don't have any comorbidity, right now I would avoid going to the supermarkets and retail shops. Because if I get infected, then I can possibly pass the infection to the elderly relatives staying at home. So for now, online shopping is the safest and most reliable way to get the groceries and other necessary items. And the online shopping stocks have risen a lot since the pandemic started (AMZN, EBAY.etc).

We could probably live in a post-pandemic future where everything goes digital. Physical shopping, in-person learning, and paper money will be no more as COVID-19 transforms our economy and society in ways that were never imagined. The post-pandemic economy will be directly attached to the digital realm. We're now seeing increased interest from mainstream governments and central banks in launching digital currencies (CBDCs) of their own. More people are becoming interconnected in the online world. Digital payments adoption increased exponentially since the pandemic took the world by storm. Telework (remote work) is now the norm in the business sector. The longer it takes for the pandemic to disappear, the faster we'll head towards complete digitalization of our everyday lives. Who knows what the future holds after COVID-19?

Nonetheless, the distribution of vaccines worldwide tells us that there's light at the end of the tunnel. The pandemic won't last for long with vaccines in play. When will that happen is a mystery right now. Everything will depend on government's efforts to tackle the pandemic in the least time possible. New mutations are surging, so governments must act quickly before it's too late. Otherwise, the economy will continue to sink until chaos ushers all around the world. Just my thoughts

[mezzaluna]

The thread was created a long ago but still we are not safe from Covid-19. In the current time, lockdown still exists in few countries. Vaccine is also created in a short time but there has also many side effects.

In economic sector, it is still not fully opened due to lockdown in many countries. For this pandemic, many people lost their job and economy of maximum countries are not even at good position. I am from South Asian Zone and here economy was fragile even before this pandemic. For this virus, we are facing many problems. So you can imagine the economy now.

The side effects of most vaccines are normal and they would only last at least for a day. Of course before rolling this vaccines out, they have done the research very well because they do not want to prolong the ongoing pandemic but of course there would be unknown lapses as time goes by and lets just hope that they are ready for it so they could created another effective vaccine for people that is not yet taking it. Its true that living in the South East Asian countries, we are the ones really taking the heavy toll because of the unprepared government and some people taking it too easy saying that its just another virus that would not affect them which clearly taken a heavy toll on them. 

[matchi2011]

The thread was created a long ago but still we are not safe from Covid-19. In the current time, lockdown still exists in few countries. Vaccine is also created in a short time but there has also many side effects.

In economic sector, it is still not fully opened due to lockdown in many countries. For this pandemic, many people lost their job and economy of maximum countries are not even at good position. I am from South Asian Zone and here economy was fragile even before this pandemic. For this virus, we are facing many problems. So you can imagine the economy now.

The side effects of most vaccines are normal and they would only last at least for a day. Of course before rolling this vaccines out, they have done the research very well because they do not want to prolong the ongoing pandemic but of course there would be unknown lapses as time goes by and lets just hope that they are ready for it so they could created another effective vaccine for people that is not yet taking it. Its true that living in the South East Asian countries, we are the ones really taking the heavy toll because of the unprepared government and some people taking it too easy saying that its just another virus that would not affect them which clearly taken a heavy toll on them. 

And another type of Covid is hitting southeast asian country, we all know that government are trying to provide people's
need but it's really a heavy load for them.

Without the cooperation of all the people inside their jurisdiction, it's going to be a long battle against this virus and the
economy will surely suffer more.

[dupee419]

It has been a year, and I can say, well, in my country that the economy has been going down, not only because of the 2nd wave but because of inaccessibility going outside, makes other businesses lose their economy, not only that but also the whole country is suffering, another wave is about to happen, sadly, a new variant which amplifies the virus itself, this is going to be difficult, hence, depletes economy once again for another year, sadly.

[wxxyrqa]

It has been a year, and I can say, well, in my country that the economy has been going down, not only because of the 2nd wave but because of inaccessibility going outside, makes other businesses lose their economy, not only that but also the whole country is suffering, another wave is about to happen, sadly, a new variant which amplifies the virus itself, this is going to be difficult, hence, depletes economy once again for another year, sadly.

I believe that the current situation today is primarily the result of strong government bans, and I am also sure that in the future the situation may become more complicated if certain measures are not taken, because even the distribution of the vaccine in the world will not bring the desired result, because a significant number of people do not want to get vaccinated. This fact already indicates the possibility of increasing the morbidity threshold, which will lead to another tightening of quarantine measures, which in turn will again harm medium and small businesses.

[bryant.coleman]

It has been a year, and I can say, well, in my country that the economy has been going down, not only because of the 2nd wave but because of inaccessibility going outside, makes other businesses lose their economy, not only that but also the whole country is suffering, another wave is about to happen, sadly, a new variant which amplifies the virus itself, this is going to be difficult, hence, depletes economy once again for another year, sadly.

Businesses need to adjust to the changed circumstances. The pandemic is already more than a year old and in all probability it will remain as such for at least 12 more months. I guess businesses had enough time to adjust to the new circumstances and most of them have successfully done that. Even in my area, a number of businesses have moved from dine-in facilities to take-away and delivery modes. Those who failed to adjust have closed down their operations.