Economy after COVID-19

[Rajamuda]

There are many things that must be addressed in this regard and indeed must continue to learn to respond to the current situation and for the future, the internet is a good way of course, and over time I think this will all be able to be faced until we can find positive and beneficial things. The government will not stand still for the welfare of its people.

[Abiky]

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.

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion

[Coroline]

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.

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion

I agree with you, this depends on the cooperation between the individual and the government. Vaccines are only a way of many existing solutions and vaccines also need trials to really be an antidote to this virus. Many individuals feel they are guinea pigs, but it should be understood again that the key is cooperation and mutual trust between the two.

[bryant.coleman]

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion

The situation in the United States has definitely improved, and now they are reporting between 150 and 350 cases per day. Even in India, there is improvement. The daily number of new infections has come down to around 60,000 from an all time high of 400,000 plus. However, the primary concern now is Brazil. They are still reporting some 70,000-80,000 new infections per day and around 2,000 daily deaths. And in case of Brazil, having one of the most incompetent presidents doesn't really help.

[monineklutak]

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.

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion

I agree with you, this depends on the cooperation between the individual and the government. Vaccines are only a way of many existing solutions and vaccines also need trials to really be an antidote to this virus. Many individuals feel they are guinea pigs, but it should be understood again that the key is cooperation and mutual trust between the two.

So far, I think that having a vaccine is enough to help prevent COVID-19,
although it's not 100% completely prevent but it's much better,
I hope more people get vaccinated soon and we'll see what happens

[Vishnu.Reang]

So far, I think that having a vaccine is enough to help prevent COVID-19,
although it's not 100% completely prevent but it's much better,
I hope more people get vaccinated soon and we'll see what happens

As of now, it looks as if vaccine is the only solution. But the biggest challenge is that it is not easy to vaccinate 7.5 billion people. Most of the countries have fully vaccinated only a small percentage of their population. And a majority hasn't started administering vaccines to those who are below the age of 18. It is going to take at least a minimum of 12 months to control the pandemic with vaccines (and that too with an optimistic estimate). And until then, the new strains of the virus will create spikes in the number of new infections and deaths.

[GelatikKembar]

So far, I think that having a vaccine is enough to help prevent COVID-19,
although it's not 100% completely prevent but it's much better,
I hope more people get vaccinated soon and we'll see what happens

As of now, it looks as if vaccine is the only solution. But the biggest challenge is that it is not easy to vaccinate 7.5 billion people. Most of the countries have fully vaccinated only a small percentage of their population. And a majority hasn't started administering vaccines to those who are below the age of 18. It is going to take at least a minimum of 12 months to control the pandemic with vaccines (and that too with an optimistic estimate). And until then, the new strains of the virus will create spikes in the number of new infections and deaths.

It's true that in the vaccination program in my country the elderly are preferred,
and so far it is rare for people under 18 to get the vaccine and I really hope everyone can get it soon,
and we also need to be aware that this will take a long time for sure

[Dollar_Hunter]

Good point. Lockdowns have only slowed down the spread. But they're not a definitive solution for reducing the lifespan of COVID-19 in the mainstream world. What's important is to have a high vaccination rate so that herd immunity can be achieved in the least time possible. Governments can talk about recovering the economy to its original state once people are in good health.

The US has done a good job in vaccinating as much people as possible, but somehow it has seen an increase in the number of deaths. Americans won't eradicate COVID-19 if this keeps up. How long will the pandemic last will greatly depend on the collaboration of individuals and governments alike. The faster people get vaccinated, the faster we'll see the light at the end of the tunnel. I'm certain that the economy will look a lot different after COVID-19 thanks to the recent technological advancements. Just my opinion

The situation in the United States has definitely improved, and now they are reporting between 150 and 350 cases per day. Even in India, there is improvement. The daily number of new infections has come down to around 60,000 from an all time high of 400,000 plus. However, the primary concern now is Brazil. They are still reporting some 70,000-80,000 new infections per day and around 2,000 daily deaths. And in case of Brazil, having one of the most incompetent presidents doesn't really help.

That is why the government also has a very important role in dealing with this COVID-19,
because with the involvement of the government by making the right policies at times like this it will help in dealing with this situation,
And of course it's a shame that in Brazil the president doesn't help

[ningrum]

nothing is easy after this Covid hit the world, all sectors not only the economy are very badly affected,
and poverty is increasing in every country, but after all is over, I believe the economy will grow faster,
because there will be many new startups in the technology sector who will dominate the economy in the county

[Expecto]

I think that the economy of developed countries especially will start recovering after COVID-19 is gone and become successful on it. But I'm not sure about the rest of the countries. They may have big problems when it comes to recovery.

[Sithara007]

It's true that in the vaccination program in my country the elderly are preferred,
and so far it is rare for people under 18 to get the vaccine and I really hope everyone can get it soon,
and we also need to be aware that this will take a long time for sure

I guess in most of the countries, that is the case. Here in India also, the first preference (after healthcare/frontline workers) was given to those above 60 years of age. Then the second priority was given to those between 45-59 years. Only recently they opened up vaccination for those in the 18-44 years category. And for those who are below 18 years of age, there is no vaccine available yet (India is using only two vaccines as of now - Covishield and Covaxin, and both of them are not approved for children).

[laohe628]

After COVID-19 i think the economy  of most of the countries in the world will slowly get back on track, despite the heavy losses for every country. But when ends? I'm not too optimistic about it, it's been more than a year since the COVID-19 outbreak and hard to imagine that this epidemic has lasted so long and spread so far.

[ziennakarishma21]

The world's economy is being hit hard by Covid,Economics are facing a lot of stagnation, as companies are being hit hard, Unemployment is rampant, everyone is staying at home so All the attention was on cryptocurrency platforms, thus causing the market to fluctuate rapidly, causing the value of BTC to peak.

[Btcvilla]

Demise of cash doesn't automatically mean rise of new digital currencies. There is still going be digital fiat (credit cards, or whatever that CBDC thing is, etc) for a long time.

The economy in general will be fine but many businesses will not recover. A lot of people got a taste of doing things online who wouldn't have done it otherwise and some simply won't go back. There are entire industries that are in big trouble, like movie theaters.

Yes you are absolutely right , it is only this year that cinemas have started to reopen . But whatever it is, the cinema has lost a lot in this matter. There are still many factors that are harmed in this case, art workers, hotels are also affected as a result, causing a lot of unemployment. Everything has shifted to the online field. But whatever it is, crypto still cannot shift the existence of physical money.

[judaspriest]

After COVID-19 i think the economy  of most of the countries in the world will slowly get back on track, despite the heavy losses for every country. But when ends? I'm not too optimistic about it, it's been more than a year since the COVID-19 outbreak and hard to imagine that this epidemic has lasted so long and spread so far.

That's for sure because the big countries certainly don't want to continue to be in this condition,
and I think when compared to a year ago it seems that the economic conditions in every country are much better,
I also think so that this pandemic looks like it will continue and I don't know how long it will end

[ziyaaa]

I suppose that there will be really many countries which will still suffer the affects of covid-19 on their economy. It is the sad truth I'm afraid. I don't expect big (or developed) countries to have big problems. Their economy will recover in a short time.

[Sithara007]

I suppose that there will be really many countries which will still suffer the affects of covid-19 on their economy. It is the sad truth I'm afraid. I don't expect big (or developed) countries to have big problems. Their economy will recover in a short time.

If the governments are taking proper preventive mechanism, then the number of infections will go down. On the other hand, if the government is incompetent (such as the ones in Brazil), then it will not be possible to control the spread of the pandemic. Brazil is still reporting anywhere between 2,000 and 3,000 daily deaths and now they have once again overtaken India to become the country with the largest number of daily deaths from COVID 19. And this is a country where the president claimed that taking a COVID vaccine would turn the recipients to alligators.

[Btcvilla]

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.

Covid will be very prolonged, it can't be stopped until now. There is even another new variant that comes from India, making a number of sectors, especially the economic sector, which had already risen, even slumped again due to the prolonged lockdown. Perhaps this situation to restore the economy as before is still very difficult . So I hope everyone should be good at managing expenses and income.

[kpierce77]

its depend on which way they (government and public) choose.
government will lead public to control movement, if it success they can make good step forward to repair their economy. not only government, people need to hold their desire. its really hard because they cant produce what they need, but government must help, show their power to strengthen people.

Yes true, it all depends on state policy, as long as the state can control its citizens then COVID-19 can be controlled, in general in my country the impact of COVID-19 is very large because many companies bankrupt and make unemployment increases.

Don't mean to be pessimistic, but controlling work is not an easy matter. governments have to lower their egos to take care of their people competently. because if they still think narrowly about the political "party" and even ignore their people, that will be very bad. there are many policies that deviate from the covid-19 social assistance fund, so the impact is that many companies go bankrupt and also many unemployed, this is none other than because the government still puts their personal interests first in these circumstances

[Sithara007]

Covid will be very prolonged, it can't be stopped until now. There is even another new variant that comes from India, making a number of sectors, especially the economic sector, which had already risen, even slumped again due to the prolonged lockdown. Perhaps this situation to restore the economy as before is still very difficult . So I hope everyone should be good at managing expenses and income.

New variants, which may or may not be more contagious and lethal may come not only from India but also from the other parts of the world unless a majority of the population is vaccinated. The choice is very difficult. If you remove the lockdown and other restrictions, then it means that the virus will spread further and there is a chance that new variants may appear. Depending on the economic condition and the infection rates, the governments need to take a decision on whether to implement the restrictions or not.