Economy after COVID-19

[sniveel]

Results of  this pandemic in our economy can be really seen, many people suffered in hunger, bankrupt companies, food's prices become doubled, some cpuntries have debt from other countries and the worst is; many people died because of it. Can't deny that bevause of this pandemic, our economy became worse.

[Ridwan Fauzi]

Actually it needs long time to make the economic country back and run as before. How you can imagine that this pandemic has been giving a bad thing for all economic country. Because they will do anaything to make their economic back especially making a lot of money paper as a stimulus. Yeah, you will already know the impack of creating a lot of money paper, as I said it will take a long time to make the economic back to normal. This is why they need a good place to save their asset, crypto currency is the best investment place so far because almost investment place just give a bad return for their investor different with bitcoin.

[Lanatsa]

Actually it needs long time to make the economic country back and run as before. How you can imagine that this pandemic has been giving a bad thing for all economic country. Because they will do anaything to make their economic back especially making a lot of money paper as a stimulus. Yeah, you will already know the impack of creating a lot of money paper, as I said it will take a long time to make the economic back to normal. This is why they need a good place to save their asset, crypto currency is the best investment place so far because almost investment place just give a bad return for their investor different with bitcoin.

Why people do really have the impression that bitcoin or crypto market could really have this kind on making it as a solution? We are talking economic matters which are indeed been heavily affected

with this pandemic situation we are in and look back that we are already 1 year before these things been started and we have seen on how bad it did really affect the every country.

For investment then people do really have other options or paths to take which would really be saving up themselves.Crypto market hadn't dumped in spite of the situation.

[Question123]

The economy of each country during the pandemic is not good because the business are closed due to corona virus so when the stores or business starts to operate again their goods or products become higher the price because the government make high taxes so the economy will recover and I hope this year our economy will back to normal and we beat the corona virus so we can back to normal life again.

[Sithara007]

I generally agree with your argument, but in general, strictly speaking, to really overcome the problems in the economy due to the pandemic, a strong flow of funds allocated for this purpose for the purchase of bitcoins is not the best option for states. I am well aware that bitcoins act as a protective asset and a money-saving asset for investors, but I am still quite ironic about mentioning bitcoin in the context of a means to restore the economy.

A higher inflow of funds in to the cryptocurrency sector may not be beneficial for the economy in general. Because at least some of that amount may be diverted from the stock market and that will create issues for the listed companies. And this is also one of the reasons why the governments discourage investment with "store of value" assets such as gold and silver. 

[bryant.coleman]

Economy suffered a lot when COVID arise, many established are closed and the worse is gone, many people are jobless and people scared to go out. After a year our economy is not yet back even we have vaccine, because people are irresponsible they forgot what is COVID, now affected is rising now, some cities declare lockdown. Hopefully COVID will gone now and people should be responsible to each other, obey the government and obey safety protocol.

There are two sides to it. In many of the third world nations, a herd immunity was achieved at least in some of the regions against the COVID 19 virus. But recently, some of the more mutant strains of the virus has emerged and these strains are causing infection even to those who acquired immunity earlier. Now the general population is slow to act against these new strains and they are behaving as if nothing has been changed.

[oHnK]

Now the general population is slow to act against these new strains and they are behaving as if nothing has been changed.

People today are very ignorant of their health and what I see the cause is a psychological condition that is fed up with the continuous spread of the virus but the economic condition is deteriorating with all forms of social restrictions.  People now think more about their guts than they are afraid of an invisible virus.  I also sometimes do the same thing.  With the news that the virus is mutating and growing, it is even stronger than before.  As if there was no end, even the inflation was looming before the eyes.  And what needs to be prepared is asset insurance assets to mitigate the risks that will be faced in the future.

[Furious 7]

The economy of each country during the pandemic is not good because the business are closed due to corona virus so when the stores or business starts to operate again their goods or products become higher the price because the government make high taxes so the economy will recover and I hope this year our economy will back to normal and we beat the corona virus so we can back to normal life again.

In my country the economy is running as usual but there is still distance and what I know is that the income is not massive, meaning their income was not before Covid-19 so now there is a more severe decline because people are reluctant to leave and here there are still a lot of downturns even though some of the economy has been allowed by the government.

But the government still continues to spend funds to deal with covid-19 because every day it is still increasing even though vaccinations have been implemented in my area.

[Vishnu.Reang]

Now the general population is slow to act against these new strains and they are behaving as if nothing has been changed.

People today are very ignorant of their health and what I see the cause is a psychological condition that is fed up with the continuous spread of the virus but the economic condition is deteriorating with all forms of social restrictions.  People now think more about their guts than they are afraid of an invisible virus.  I also sometimes do the same thing.  With the news that the virus is mutating and growing, it is even stronger than before.  As if there was no end, even the inflation was looming before the eyes.  And what needs to be prepared is asset insurance assets to mitigate the risks that will be faced in the future.

It is true that economic condition is getting worse with every passing day. But that doesn't mean that the bars and pubs should open and the youth should be allowed to party there till sunrise. Opening the shops and restaurants is one thing, and opening bars/pubs is another. Both these should not be mixed. What is the benefit to the economy, if the youth is allowed to drink and party? They should refrain from such activities until the pandemic is contained.

[ivankoh]

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

Service will be the most affected industry, according to my own country's statistics, tourism, restaurants and hotels have the highest rate of affected workers that cause unemployment.  Inflation also entails other professions.  Food, food, oil prices continue to increase, making economic life become arid.
Even the stock-class insurance fell.  Bitcoin and cryptocurrencies along with stimulating cash flows are benefiting greatly from covid 19. A highly anticipated large cash flow conversion, real estate, gold or bitcoin.  we have the proof!

[tyz]

A higher inflow of funds in to the cryptocurrency sector may not be beneficial for the economy in general. Because at least some of that amount may be diverted from the stock market and that will create issues for the listed companies. And this is also one of the reasons why the governments discourage investment with "store of value" assets such as gold and silver. 

So for crypto to negatively impact the stock market and thus undermine funding for companies and ventures, I think is very far-fetched. On the one hand, the stock market is at a very high level and there are massive exaggerations in many places. That means there is enough money. On the other hand, the central banks are providing enormous support. In some countries, such as Japan, the central bank even buys ETFs, in Switzerland even directly shares, with money that was created out of nothing. A recent study shows that a large part of the aid money in the U.S. flows into the stock market (and probably also into the crypto market). I think one reason why we are not seeing very high inflation at the moment is that people are investing their leftover money less in consumption and more in the financial markets. If that reverses, we will see much higher inflation.

[maculeth]

There will definitely be a lot of changes, especially for activities related to many people, work is no exception. even after the vaccine has been implemented throughout the world, the world will remain vigilant about the covid health protocol. it might impact on economic activity as well, such as export-import restrictions, and also people-related jobs. is it annoying? I think that now and in the next few years, technological advances are inevitable, and it is likely that online jobs will be the main solution and will also be the economic cycle in the new world after the pandemic.

[cheezcarls]

It would slowly recover. But for affected businesses like airline and travel companies, amusement and tourist attractions, etc., it would take them a very long while to recover because of prolonged shutdown in their businesses, especially those employees who were being included in massive layoffs. I really felt for them, but that’s how it is. Life must go on, and they need to find alternatives that would make them a living.

[oHnK]

It would slowly recover. But for affected businesses like airline and travel companies, amusement and tourist attractions, etc., it would take them a very long while to recover because of prolonged shutdown in their businesses, especially those employees who were being included in massive layoffs. I really felt for them, but that’s how it is. Life must go on, and they need to find alternatives that would make them a living.

Until now, the cases of layoffs are very high, I feel that the world is still not recovering and it is still very hard to face the crisis due to the pandemic.  It is not only the health burden that is currently depressed, but especially the economy.  The demos are everywhere because they think these are just engineered conditions.

[Botnake]

It would slowly recover. But for affected businesses like airline and travel companies, amusement and tourist attractions, etc., it would take them a very long while to recover because of prolonged shutdown in their businesses, especially those employees who were being included in massive layoffs. I really felt for them, but that’s how it is. Life must go on, and they need to find alternatives that would make them a living.

Until now, the cases of layoffs are very high, I feel that the world is still not recovering and it is still very hard to face the crisis due to the pandemic.  It is not only the health burden that is currently depressed, but especially the economy. 

Maybe next year we will recover as long as no new virus will come in to cause another panic.

The vaccine is already available, there's no reason not to allow mass gathering or getting back to normal, and with that happening, I guess recovery will be fast and people would not be wearing mask anymore, hopefully.

The demos are everywhere because they think these are just engineered conditions.

But it's not proven, just an speculation.

[perfect999]

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

Service will be the most affected industry, according to my own country's statistics, tourism, restaurants and hotels have the highest rate of affected workers that cause unemployment.  Inflation also entails other professions.  Food, food, oil prices continue to increase, making economic life become arid.
Even the stock-class insurance fell.  Bitcoin and cryptocurrencies along with stimulating cash flows are benefiting greatly from covid 19. A highly anticipated large cash flow conversion, real estate, gold or bitcoin.  we have the proof!

I doubt that places like USA could ever become any worse. They are already doing many things wrong, they are already a failing economy and one of the biggest failing economies in the world as well because when Venezuela becomes a bad economy, they weren't big huge in the world beforehand neither and when they crash it never really hurt anyone whereas when USA becomes worse and worse that is really bad for the whole world.

But you know what happens, they just go attack a nation and get their money, or they just print money and generally they just do whatever they want and still claim they are doing fine and the whole world has to accept because we are all tied to dollar and they are too big to fail so if we allow them to fail we are going to fail with them as well.

[Abiky]

People today are very ignorant of their health and what I see the cause is a psychological condition that is fed up with the continuous spread of the virus but the economic condition is deteriorating with all forms of social restrictions.  People now think more about their guts than they are afraid of an invisible virus.  I also sometimes do the same thing.  With the news that the virus is mutating and growing, it is even stronger than before.  As if there was no end, even the inflation was looming before the eyes.  And what needs to be prepared is asset insurance assets to mitigate the risks that will be faced in the future.

Couldn't agree more with you, mate. It's people's actions which has caused the pandemic to worsen over time. If everyone worked together to stop the spread of COVID-19, we would be headed to a normal life faster than you could've ever imagined. But the carelessness of people will only delay the path towards a full recovery. My guess is that the economy will continue to sink until COVID-19 disappears from the face of the Earth. After that, we should see a gradual recovery of the mainstream economy. A post-COVID economy could be directly linked to digital payments than anything else. Both CBDCs (Central Bank Digital Currencies) and crypto will live alongside each other for years to come.

Nonetheless, time will tell us what radical transformation COVID-19 will bring to the world as infections continue to rise like never before. If COVID-19 becomes "uncontrollable", then we might be headed towards an era of full automation powered by AI and Blockchain technology. Our economy will depend on bots, as these machines will replace most human jobs in the future. Who knows what will happen after the crisis is over? Just my thoughts

[Matimtim]

I think the economy after this world pandemic covid19 will sinking because a lot of establishment closed because they forbid to operate that's why many people loss their job and suffered.

[bryant.coleman]

I doubt that places like USA could ever become any worse. They are already doing many things wrong, they are already a failing economy and one of the biggest failing economies in the world as well because when Venezuela becomes a bad economy, they weren't big huge in the world beforehand neither and when they crash it never really hurt anyone whereas when USA becomes worse and worse that is really bad for the whole world.

But you know what happens, they just go attack a nation and get their money, or they just print money and generally they just do whatever they want and still claim they are doing fine and the whole world has to accept because we are all tied to dollar and they are too big to fail so if we allow them to fail we are going to fail with them as well.

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).

[Abiky]

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