Economy after COVID-19

[Sithara007]

It was around 14 months back that the company in which I am working announced the WFH (Work From Home) policy. Back then we thought that this will last only 2-3 weeks. Not in my wildest dreams I thought that we'll still be fighting the pandemic in 2021. Informal economy is in ruins here... but the formal economy seems to be thriving. And this is the biggest economic change that has resulted from this pandemic. Small shops, roadside vendors.etc have vanished completely. On the other hand, ecommerce giants and big restaurant chains have expanded their dominance.

[bengsabeng]

The economy of each country after covid-19 will rise and continue to recover, infrastruction will continue, more jobs opens, life continue to become better, medical doctors wil take their vacation off and take a rest for quite sometime, and people will still do their normal things to do, this is what we really hope to happen after this pandemic, we want to go around the world and breath in and make the most of our time with our loved ones and friends whom we do not see for long period of time.

Currently the government has implemented a new normal system, so that we can still work outside even though the pandemic is not over. With this policy, the government hopes that the country's economy can quickly recover even though the pandemic has no sign of ending.

[quocsi]

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

[AndySt]

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It is useless to prevent a pandemic, because it is already underway and has been going on for the second year. It will be possible to talk about any full recovery of the economy only after the end of the pandemic, at least in most countries. Because of the pandemic, tourism has suffered very much, so tourist countries are trying by all means to ease entry restrictions, because the tourist business may not survive the second year of severe restrictions. There seems to be a light at the end of the tunnel in the form of vaccination of a large proportion of the population, but the international tourism business will recover in a few years, because it is worth considering that the pandemic has also hit the income of the population hard. Let's hope that humanity will meet the autumn period fully armed and the states will finally really stop the pandemic.

[Sithara007]

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It has been 14 months now, ever since the pandemic started spreading globally. Many of the countries that were dependent on tourism is in a very bad shape. Countries such as Maldives and Seychelles are suffering from new waves of the pandemic, while Turkey has reported record GDP dip and huge rise in the unemployment rate. Apart from tourism, another sector that has been impacted is aviation (which was in bad shape even before the pandemic).

[Betwrong]

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It has been 14 months now, ever since the pandemic started spreading globally. Many of the countries that were dependent on tourism is in a very bad shape. Countries such as Maldives and Seychelles are suffering from new waves of the pandemic, while Turkey has reported record GDP dip and huge rise in the unemployment rate. Apart from tourism, another sector that has been impacted is aviation (which was in bad shape even before the pandemic).

Most of the businesses were affected negatively by the Covid-19 pandemic. There are few exceptions, like online retail and, what a surprise!, pharmaceutics



but it is fair to say that most businesses, especially smalll ones, have suffered badly during the pandemic.

The good news is that now it looks like there's a light at the end of the tunnel. Isarel, with around 60% vaccinated, is showing great results:



It's yesterday's data, look at the New Cases and New Deaths columns.

[secretgirl]

I am sure that the economy will recover when Covid is over, even though all of this is in a gradual manner. and a country's economy will not recover without overcoming this pandemic. The government should have seriously eliminated this pandemic if it wants the economy to get better again. Until now, the development of the pandemic has not been able to be overcome by the government so that the economic recovery process will be difficult and difficult. In my opinion, it is impossible to complete the economic recovery if we cannot overcome this pandemic.

[Vishnu.Reang]

The good news is that now it looks like there's a light at the end of the tunnel. Isarel, with around 60% vaccinated, is showing great results:

It depends on the type of vaccine. In Israel, they mostly used the Pfizer-BioNTech vaccine and it is very effective in preventing COVID. On the other hand, Seychelles also had 60%+ vaccination rate, but they used the vaccine from Oxford-AstraZeneca. Seychelles is undergoing a second wave of the pandemic right now (same with Maldives, another country which had more than 60% vaccination rate with AstraZeneca). Now the extreme case is that of Chile, which had more than 50% vaccination rate with the Chinese vaccine Sinovac. But the infection rates seems to have increased after the vaccination.

[Midy]

If the covid-19 pandemic has ended, of course the world economy will begin to recover gradually and it will take a long time because now there are so many companies that have to lay off their employees, so unemployment occurs everywhere, we hope that covid-19 it will be completely recovered soon and people can do activities like before

[Abiky]

It depends on the type of vaccine. In Israel, they mostly used the Pfizer-BioNTech vaccine and it is very effective in preventing COVID. On the other hand, Seychelles also had 60%+ vaccination rate, but they used the vaccine from Oxford-AstraZeneca. Seychelles is undergoing a second wave of the pandemic right now (same with Maldives, another country which had more than 60% vaccination rate with AstraZeneca). Now the extreme case is that of Chile, which had more than 50% vaccination rate with the Chinese vaccine Sinovac. But the infection rates seems to have increased after the vaccination.

Right now, the USA has a greater advantage over countries as it's the epicenter of the most effective COVID vaccines in the world (mainly Pfizer/BioNTech and Moderna). There's light at the end of the tunnel for Americans, but not for other people in the world. The global economy will take a long time to recover if countries fail to improve vaccination rates and vaccines' effectiveness. Rich countries like the US and those in the EU will be the ones that will defeat COVID-19 at a quicker rate than poorer ones.

As long as people's health is the priority (instead of the economy), there should nothing to worry about. Unfortunately, most governments are taking wrong decisions by focusing on reopening their economies as soon as possible. I believe that a lockdown is the ideal solution to contain the pandemic. This, combined with mass vaccine distribution, should make COVID-19 disappear real fast. Ultimately, the fate of our economy and our society lies on the cooperation of both governments and individuals alike. Just my thoughts

[Vishnu.Reang]

Right now, the USA has a greater advantage over countries as it's the epicenter of the most effective COVID vaccines in the world (mainly Pfizer/BioNTech and Moderna). There's light at the end of the tunnel for Americans, but not for other people in the world. The global economy will take a long time to recover if countries fail to improve vaccination rates and vaccines' effectiveness. Rich countries like the US and those in the EU will be the ones that will defeat COVID-19 at a quicker rate than poorer ones.

As long as people's health is the priority (instead of the economy), there should nothing to worry about. Unfortunately, most governments are taking wrong decisions by focusing on reopening their economies as soon as possible. I believe that a lockdown is the ideal solution to contain the pandemic. This, combined with mass vaccine distribution, should make COVID-19 disappear real fast. Ultimately, the fate of our economy and our society lies on the cooperation of both governments and individuals alike. Just my thoughts

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

[buietaw]

I am a nurse. and I follow the process closely. I think we will encounter many different types of these pandemic events in the coming years. and now I believe some business groups will disappear altogether. Like many people, I have an expectation of a serious global economic crisis.

[AndySt]

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

Let's not forget that most vaccines are two-component and for the formation of immunity require vaccination twice with a certain interval in time and the formation of immunity itself takes time, then vaccination will not help a person who is already ill with COVID 19, so we will be able to see the real results of vaccination only after some time, but not right now. As for lockdowns, I would like to say that it is impossible to introduce them permanently for the second year, because people need to somehow survive and earn a living by their economic activity, and lockdowns can turn into deaths and diseases for other reasons.

[tabas]

I am a nurse. and I follow the process closely. I think we will encounter many different types of these pandemic events in the coming years.

That's what the prominent people are saying and in that case, while the world is tackling with the covid-19 virus. They're now creating a plan of avoiding or at least mitigate the possible effect of it if ever it comes again the future.

now I believe some business groups will disappear altogether. Like many people, I have an expectation of a serious global economic crisis.

Also, in 2030, there's an important matter about climate and that's another thing to affect economies.

[Sithara007]

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

Let's not forget that most vaccines are two-component and for the formation of immunity require vaccination twice with a certain interval in time and the formation of immunity itself takes time, then vaccination will not help a person who is already ill with COVID 19, so we will be able to see the real results of vaccination only after some time, but not right now. As for lockdowns, I would like to say that it is impossible to introduce them permanently for the second year, because people need to somehow survive and earn a living by their economic activity, and lockdowns can turn into deaths and diseases for other reasons.

That may be true. But in the case of United States, most of the vaccinated population has already received two doses of the vaccine, so we would naturally expect a steeper fall in the number of infections (as per the latest numbers available, 124 million people have been fully vaccinated there, with another 34 million partially vaccinated). The UK is having a lower rate of full vaccination, but the cases there have fallen by more than 95%. In case of the US, the decline is more moderate and in the range of 60%-70%. 

[Betwrong]

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

Let's not forget that most vaccines are two-component and for the formation of immunity require vaccination twice with a certain interval in time and the formation of immunity itself takes time, then vaccination will not help a person who is already ill with COVID 19, so we will be able to see the real results of vaccination only after some time, but not right now. As for lockdowns, I would like to say that it is impossible to introduce them permanently for the second year, because people need to somehow survive and earn a living by their economic activity, and lockdowns can turn into deaths and diseases for other reasons.

That may be true. But in the case of United States, most of the vaccinated population has already received two doses of the vaccine, so we would naturally expect a steeper fall in the number of infections (as per the latest numbers available, 124 million people have been fully vaccinated there, with another 34 million partially vaccinated). The UK is having a lower rate of full vaccination, but the cases there have fallen by more than 95%. In case of the US, the decline is more moderate and in the range of 60%-70%. 

It's still a good decline. Let's wait a month or two for the final outcome.

As of other countries, where the vaccines are supposedly not that effective, it's in the interest of rich countries, as well, to stop the pandemic globally. So, even if AstraZeneca is not effective(which I personally doubt), they will provide the world with better vaccines. But, again, this will hardly be needed, because all the authorized vaccines are effective enough.

[Sithara007]

At present, even though there is a Covid-19 vaccine, the increase in Covid continues to increase in several countries, one of which is India, if Covid-19 has completely disappeared on this earth, then world economic growth will gradually increase, because currently there is a lot of unemployment which makes people have to adapt back to their original jobs

Indian government made the mistake of prioritizing 45 plus age group for vaccination. They should have actually vaccinated as many people as possible with the first dose, before administrating the second dose. But they went the other direction and that reduced the vaccine coverage. Now most of the deaths are occurring among those who are under 45 years. And given the enormous population size of India, the situation is unlikely to change for the next 5-6 months.

[Ngemmeng]

At present, even though there is a Covid-19 vaccine, the increase in Covid continues to increase in several countries, one of which is India, if Covid-19 has completely disappeared on this earth, then world economic growth will gradually increase, because currently there is a lot of unemployment which makes people have to adapt back to their original jobs

Indian government made the mistake of prioritizing 45 plus age group for vaccination. They should have actually vaccinated as many people as possible with the first dose, before administrating the second dose. But they went the other direction and that reduced the vaccine coverage. Now most of the deaths are occurring among those who are under 45 years. And given the enormous population size of India, the situation is unlikely to change for the next 5-6 months.

a shortage of medical personnel and a limited number of vaccines forced the government to implement the system. vaccinations are carried out periodically, the first to get the vaccine is medical personnel. then after that the government apparatus and after that the elderly.

[Vishnu.Reang]

It's still a good decline. Let's wait a month or two for the final outcome.

As of other countries, where the vaccines are supposedly not that effective, it's in the interest of rich countries, as well, to stop the pandemic globally. So, even if AstraZeneca is not effective(which I personally doubt), they will provide the world with better vaccines. But, again, this will hardly be needed, because all the authorized vaccines are effective enough.

AstraZeneca is having excellent results in the United Kingdom. Even in India, the preliminary results indicate that the AstraZeneca vaccine has protected those who received two doses of it, despite the emergence of the double-mutant strain. In most of the states, a majority of the deaths are now from the under 45 age group, which confirms that the vaccine has protected those who received it (above 45 age group). It may not be as effective as the mRNA vaccines, but on field results have proved that it has so far saved millions of lives.

[Betwrong]

At present, even though there is a Covid-19 vaccine, the increase in Covid continues to increase in several countries, one of which is India, if Covid-19 has completely disappeared on this earth, then world economic growth will gradually increase, because currently there is a lot of unemployment which makes people have to adapt back to their original jobs

Indian government made the mistake of prioritizing 45 plus age group for vaccination. They should have actually vaccinated as many people as possible with the first dose, before administrating the second dose. But they went the other direction and that reduced the vaccine coverage. Now most of the deaths are occurring among those who are under 45 years. And given the enormous population size of India, the situation is unlikely to change for the next 5-6 months.

Something very disturbing is happening in India right now with daily new deaths being at the highest level during all May:



But if look closely, we can notice that maybe a decline is emerging. And if we combine that with the fact that daily new cases are in decline since the beginning of May



I think we can hope that the situation will change for better much earlier than after 5-6 months.