Economy after COVID-19

[Dusang1998]

I think it's going to take some time to recover, likely longer than people think.

Just because the government reduces or removes quarantine and lockdown restrictions doesn't suddenly mean the economy will bounce back.

It was already in severe jeopardy before all this happened, plus people have now adapted to working home—plenty might continue even in the future.

Dont expect anything drastic for at least 2-3 years.

will take some time to get back, obvioslly it will be around next 4 5 years for sure

[mamahdedeh]

The world is frustrated like me for this serious virus attack. The economy has fall down globally and the people are surviving still now and we don't know when the situation will be on controll. The main fact after that what will be the economy i can't think it right now cause the world still surviving a lot so hope the virus will finsh first.

- A real darkness is covering and hiding the economic future after the pandemic is over because Covid's damage statistics are still growing, India is perhaps the most dire country in recent days, the number of people in danger and death is reaching record levels, very worried that Covid is not over even when many governments have provided optimal treatment. Once again judged on economy, it is still a topic that is too early to discuss but we will not be able to smile at such numbers, this is the lives of so many people

India is indeed warm to hear about the ceremony at the Ganges River, they do not care about health protocols, and in the end they have to pay a heavy price with the explosion of the Covid case in their country. Currently, many countries have started a new normal in the economy.

[Sithara007]

India is indeed warm to hear about the ceremony at the Ganges River, they do not care about health protocols, and in the end they have to pay a heavy price with the explosion of the Covid case in their country. Currently, many countries have started a new normal in the economy.

In a lot of countries the population refused to follow proper health protocols and India was not the sole exception. And the ceremony which you are talking about (Kumbh) too place in the state of Uttar Pradesh, which still have one of the lowest per capita infection rates in India. And it is not like the pandemic is spreading only in India. Many of the countries in the region are going through a second wave.

[Xinarae*]

The coronavirus epidemic has put the government economy and healthcare system in an unprecedented crisis. To date effective vaccine or treatment has been discovered to combat the virus but the second wave has spread to many places however there is a possibility that it will be available in the future therefore compliance with social distances such as home quarantine and lockdown is being taken as the main strategy to prevent the spread of this disease.  billions of people worldwide are now living at home its impact is greater in India

[Kittygalore]

~

Not only poor countries but also economic powers are also severely affected by the epidemic. America is an example, I didn't know you noticed when the epidemic affected their employment so much. I am also really scared that if this situation goes long and there is no solution, it will lead to even worse consequences.

The world got to complacent just because we didn't experience wars, they become loose in terms of handling extreme events. You are right, economic power did suffer because we weren't prepared, after all of this pandemic is over, I hope that we will learn from it and never have this kind of thing happen again because we can't go against another pandemic.

[Koro-Sensei]

~

Not only poor countries but also economic powers are also severely affected by the epidemic. America is an example, I didn't know you noticed when the epidemic affected their employment so much. I am also really scared that if this situation goes long and there is no solution, it will lead to even worse consequences.

The world got to complacent just because we didn't experience wars, they become loose in terms of handling extreme events. You are right, economic power did suffer because we weren't prepared, after all of this pandemic is over, I hope that we will learn from it and never have this kind of thing happen again because we can't go against another pandemic.

They were prepared but it seems like their people out there were not too disciplined. In US for example, they even fight for their rights to NOT to wear a mask in public due to uncomfortable feeling. Other is that their government was slow. Slow in terms of implementing lockdowns and efficiently conduct one unlike China where they really impose lockdowns using brute force but with support of course.

[jasonjm]

India is indeed warm to hear about the ceremony at the Ganges River, they do not care about health protocols, and in the end they have to pay a heavy price with the explosion of the Covid case in their country. Currently, many countries have started a new normal in the economy.

In a lot of countries the population refused to follow proper health protocols and India was not the sole exception. And the ceremony which you are talking about (Kumbh) too place in the state of Uttar Pradesh, which still have one of the lowest per capita infection rates in India. And it is not like the pandemic is spreading only in India. Many of the countries in the region are going through a second wave.

Well, majority of the people in Sub continent are not following SOPs developed by their respective governments and might be the reason of recent surge in COVID-19 cases. India alone have over 2.1M corona positive cases in this week which is highest by any country in a week. Also, health facilities and recourses are not up to the mark to restrict the disease burden.

[giantrobot]

After Covid19 economic countries in the world are very heavy as heavy as the US, India, Vietnam ... especially sectors of tourism and entertainment services suffer heavy losses. Where to thrive in tourism, it is economically strong. Sadly believe that the Covid19 pandemic continues to explode everywhere. Hope the state will prevent the spread.

[Abiky]

This problem, the problem of the proliferation of Covid19, will not be resolved until several important conditions are met:
- vaccination of more than 75% of the population with a vaccine efficiency of at least 70%, for the formation of mass immunity
- control and restriction of movement of those who are not vaccinated or do not have immunity, namely, a ban on long-distance travel (unfortunately, a forced measure)
- long-term quarantine measures (restriction of mass gatherings, holidays, etc.)

Couldn't agree more with you, mate. Unfortunately, governments had little to no success in containing the virus. As long as mass gatherings are allowed, and the vast majority of the population is unvaccinated, COVID-19 won't be going anywhere soon. The economy will continue to be affected as the pandemic spreads fear throughout the world. Once it's all over, a slow and steady recovery of the economy will follow. What's important is to get as much people vaccinated as possible. Only then, COVID-19 will begin to fade from the face of this Earth.

Nonetheless, collaboration within governments and individuals alike will ensure a prosperous future for all. The faster we can tackle the pandemic, the faster we'll go back to normal. It seems to me that most countries are putting the economy on top of people's health by easing restrictions. Public places encourage mass gatherings, delaying our efforts to defeat COVID-19. A lockdown will ensure the virus is contained reducing the risk of new infections in the long term. But governments have been reluctant to do this as they care more about the economy than people's health. As long as this is the case, we'll be stuck with COVID-19 for a long, long time. Just my thoughts

[AndySt]

Not only poor countries but also economic powers are also severely affected by the epidemic. America is an example, I didn't know you noticed when the epidemic affected their employment so much. I am also really scared that if this situation goes long and there is no solution, it will lead to even worse consequences.

The world got to complacent just because we didn't experience wars, they become loose in terms of handling extreme events. You are right, economic power did suffer because we weren't prepared, after all of this pandemic is over, I hope that we will learn from it and never have this kind of thing happen again because we can't go against another pandemic.

It's just that humanity is quite careless and while there have been no such large-scale pandemics in the world, no one has really thought about measures to counteract this. Before that, there were alarm calls like previous coronavirus mutations such as swine and avian flu, but then everything was limited to individual bursts, which were quietly isolated by the authorities. I read an interview with a vaccine specialist who said that when the last time there was an epidemic of avian flu, it was funded by government agencies and work began on developing a vaccine, but because the epidemic did not spread, the work was curtailed and not completed until the end.

[Sithara007]

After Covid19 economic countries in the world are very heavy as heavy as the US, India, Vietnam ... especially sectors of tourism and entertainment services suffer heavy losses. Where to thrive in tourism, it is economically strong. Sadly believe that the Covid19 pandemic continues to explode everywhere. Hope the state will prevent the spread.

US and India were very negatively impacted by the ongoing pandemic. But why you have included Vietnam in the list? I am surprised, because Vietnam has remained largely free from the pandemic, and they are perhaps the only major landlocked country which managed to contain the spread of the virus. There have been a few cases (2910 to be precise), but the number is minuscule when compared to the tens of millions of cases they have in the US, India and Brazil.

[Hughes_Ryan]

after covid-19, the situation becoming more panicky as viral mutations were reproducing at greater levels of infection.  Ever since the vaccine was produced and distributed to the people, that terrible disease continued.  I think that the world needs 2-3 years to clear the virus, that is the problem that the Government of each country will have to solve first. 
It's too bad to say, there is still a long way to go before the world recovers from the very serious cracks in the economy and society because of the corona virus!

[DrBeer]

This problem, the problem of the proliferation of Covid19, will not be resolved until several important conditions are met:
- vaccination of more than 75% of the population with a vaccine efficiency of at least 70%, for the formation of mass immunity
- control and restriction of movement of those who are not vaccinated or do not have immunity, namely, a ban on long-distance travel (unfortunately, a forced measure)
- long-term quarantine measures (restriction of mass gatherings, holidays, etc.)

Couldn't agree more with you, mate. Unfortunately, governments had little to no success in containing the virus. As long as mass gatherings are allowed, and the vast majority of the population is unvaccinated, COVID-19 won't be going anywhere soon. The economy will continue to be affected as the pandemic spreads fear throughout the world. Once it's all over, a slow and steady recovery of the economy will follow. What's important is to get as much people vaccinated as possible. Only then, COVID-19 will begin to fade from the face of this Earth.

Nonetheless, collaboration within governments and individuals alike will ensure a prosperous future for all. The faster we can tackle the pandemic, the faster we'll go back to normal. It seems to me that most countries are putting the economy on top of people's health by easing restrictions. Public places encourage mass gatherings, delaying our efforts to defeat COVID-19. A lockdown will ensure the virus is contained reducing the risk of new infections in the long term. But governments have been reluctant to do this as they care more about the economy than people's health. As long as this is the case, we'll be stuck with COVID-19 for a long, long time. Just my thoughts

In my post, I wrote essentially the same thing - to limit quarantine measures, vaccinate as much as possible, limit the movement of the unvaccinated and carriers of the virus, and no mass events! We must understand that this is a disease and we must fight it in an appropriate way!

[Sithara007]

In my post, I wrote essentially the same thing - to limit quarantine measures, vaccinate as much as possible, limit the movement of the unvaccinated and carriers of the virus, and no mass events! We must understand that this is a disease and we must fight it in an appropriate way!

Vaccination is the main issue now. Apart from the developed world, vaccination is progressing at snail's pace due to supply chain issues with AstraZeneca. Pfizer and Moderna are limiting their supplies to richer countries and are asking for impractical guarantees from the poorer nations to supply the vaccine. With just 1% to 2% completely vaccinated in the developed countries, it is not a good idea to restrict the freedom of movement of the unvaccinated.

[cabron]

In my post, I wrote essentially the same thing - to limit quarantine measures, vaccinate as much as possible, limit the movement of the unvaccinated and carriers of the virus, and no mass events! We must understand that this is a disease and we must fight it in an appropriate way!

Vaccination is the main issue now. Apart from the developed world, vaccination is progressing at snail's pace due to supply chain issues with AstraZeneca. Pfizer and Moderna are limiting their supplies to richer countries and are asking for impractical guarantees from the poorer nations to supply the vaccine. With just 1% to 2% completely vaccinated in the developed countries, it is not a good idea to restrict the freedom of movement of the unvaccinated.

And the reason why this pandemic will not end this year but will continue up to another year again because supply isn't enough and the virus keeps updating as well. The new variants can be more contagious than the previous and if people keep gathering on events because of the mass gatherings and cultural events.

When we all are going to be used to these lockdowns and online transactions, the new generations are also going to just adopt easily to online deals. Economies are going to run this way from now on.

[Mauser]

In my post, I wrote essentially the same thing - to limit quarantine measures, vaccinate as much as possible, limit the movement of the unvaccinated and carriers of the virus, and no mass events! We must understand that this is a disease and we must fight it in an appropriate way!

Vaccination is the main issue now. Apart from the developed world, vaccination is progressing at snail's pace due to supply chain issues with AstraZeneca. Pfizer and Moderna are limiting their supplies to richer countries and are asking for impractical guarantees from the poorer nations to supply the vaccine. With just 1% to 2% completely vaccinated in the developed countries, it is not a good idea to restrict the freedom of movement of the unvaccinated.

It seems that one big country is profiting a lot from the vaccination process and that is China. They have multiple vaccines of their own and are exporting them. I saw an article that in south America a lot of countries are relying on the vaccine. The wierd thing is that in the West we don't even talk about it. There is no process to bring the Chinese vaccine variants on the market. Maybe people don't trust China anymore.

[Karartma1]

China has quite a big problem though because their vaccines are not that effective
https://www.republicworld.com/world-news/china/china-covid-19-vaccines-have-low-efficacy-admits-top-centre-for-disease-control-director.html
This whole pandemic doesn't sound right to date, IMO. There are far too many grey areas that have not been discussed thoroughly and I don't understand how this epidemic works.
Take Laos, before they started jabbing people there were literally zero cases: after the vaccination started cases started to spread. What the hell?
https://www.worldometers.info/coronavirus/country/laos/

[Vishnu.Reang]

It seems that one big country is profiting a lot from the vaccination process and that is China. They have multiple vaccines of their own and are exporting them. I saw an article that in south America a lot of countries are relying on the vaccine. The wierd thing is that in the West we don't even talk about it. There is no process to bring the Chinese vaccine variants on the market. Maybe people don't trust China anymore.

China is definitely profiting out of the prevailing situation and there is no doubt regarding this. But for the poorer countries, there is no other option. Pfizer has simply refused to provide vaccines for developing nations. They even asked Argentina and Brazil to put the gold reserves and army bases as bank guarantee to supply the vaccines. Pfizer has so far made tens of billions of USD from the exports of vaccine (two dose of Pfizer vaccine costs $74, and a third booster dose is required after 6-12 months).

[oHnK]

In my post, I wrote essentially the same thing - to limit quarantine measures, vaccinate as much as possible, limit the movement of the unvaccinated and carriers of the virus, and no mass events! We must understand that this is a disease and we must fight it in an appropriate way!

Vaccination is the main issue now. Apart from the developed world, vaccination is progressing at snail's pace due to supply chain issues with AstraZeneca. Pfizer and Moderna are limiting their supplies to richer countries and are asking for impractical guarantees from the poorer nations to supply the vaccine. With just 1% to 2% completely vaccinated in the developed countries, it is not a good idea to restrict the freedom of movement of the unvaccinated.

The problem that occurs in vaccination lies not only in the supply chain but also the effectiveness of the vaccine still needs to be evaluated.  Many of the vaccination volunteers in my country experience unusual symptoms after being injected.  The vaccine used is the synovac type and until now vaccinations are being carried out but the cases of the spread of Covid are still very high in my country.  I also still doubt the vaccine in circulation because this is the fastest vaccine in history.  I hope that soon there will be a real solution to this pandemic case.

[AndySt]

And the reason why this pandemic will not end this year but will continue up to another year again because supply isn't enough and the virus keeps updating as well. The new variants can be more contagious than the previous and if people keep gathering on events because of the mass gatherings and cultural events.
When we all are going to be used to these lockdowns and online transactions, the new generations are also going to just adopt easily to online deals. Economies are going to run this way from now on.

We will see how the situation will develop in the summer months, because there have been studies that the coronavirus is unstable to ultraviolet light, although of course without universal vaccination it is useless to talk about the victory over the pandemic. Another question is that locally some countries can cope with the coronavirus, but not on a global scale. Many vaccines have already appeared, and it seems that some of them are coping well with the mutated coronavirus, and as for the rest, one vaccine developer said that it is quite easy to adapt the vaccine to other strains, although of course it takes time.