The Covid19 Curve is Flattening

[Wenbing]

It has been about three months that the global economy was hard hit with disruption that had not been experience in a long time.
Even the 1929 economic depression does not have negative impacts as the covid-19 economic impact.

Some of the effects of the Covid-19 affected both individuals and businesses. To individuals here are the effects;
1.Loss of livelihood as a result of loss of jobs.
2.Loss of lives. Those that died as a result of the Covid-19 infection.
3.Social Distance. There is a ban on freedom of movement.
4.Threat of everyone to everyone.

To businesses, some went bankrupt even some governments had to run to the UN and IMF for aids.
Most economies are re-opening and businesses are now operating partially.

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

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[Kong Hey Pakboy]

In my own opinion, if COVID-19 will start to spread and make a vast number of cases again, I assume that there will be a massive riot in every country because a lot of people will die in starved due to losing their jobs and businesses getting bankrupt. That is why scientists, doctors, nurses, etc. are doing everything for them to provide a vaccine for COVID-19 to prevent this kind of situation from happening.

[ene1980]

To businesses, some went bankrupt even some governments had to run to the UN and IMF for aids.
Most economies are re-opening and businesses are now operating partially.

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

The markets are opening partially but we need to be careful when you are going out as the possibility of a spike is highly likely, the global economy is struggling and there is no denying that and you cannot shut the entire market for months and expect everything to be great and with that in mind we need to open everything but with certain restriction and everyone needs to follow proper guidelines and have protective masks while venturing out in the public.

[plvbob0070]

In my country, we were not able to flatten the curve, in fact, it keeps on increasing that it reaches over 30,000 positive cases already. But for those countries who were able to flatten the curve, there's always a threat of having a second wave as long as there is no vaccine available. That is why governments should always be ready for the possibilities that might happen especially that most businesses were starting to reopen. It is also the reason why they are very careful with their decisions because a second wave can badly affect the economy.

Debts are increasing so it will be difficult for most countries to overcome another wave of infection. If during the first wave, thousands of people already lost their jobs, families can hardly feed themselves, lives at risk, then it will be worse during the second wave. So let's hope that things won't get worse since poor countries might not be able to handle such situations.

[Upgrade00]

Live: WHO reports largest 24-hour increase in coronavirus cases
The above report was made on the 21, June 2020. GMT+3. Nations reopening their economy does not mean the curve is flattening, it's rather a reflection of the impact on the economy which forced nations to make a trade-off between attempting to rescue the economy at the expense of a wider spread. There is also a lower fear globally of the virus compared to when the pandemic was at it's early stages.

Despite the optimism, everyone should still adhere to safe health practices.

Most economies are re-opening and businesses are now operating partially.

The problem with a partial reopening is that sectors are interconnected and closure of half will impact the other half which are allowed to open up slowing down a recovery. Flattening the curve imo, should be given priority over boosting the economy. At the event of a second wave the economy will be harder hit.

This article analyzes the situation during the 1918 flu pandemic and it shares some similarities with the current global crisis - Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu. Admittedly, the 1918 pandemic had a higher mortality rate, but states which kept NPIs (~non-pharmaceutical interventions, like social distancing and mask wearing) in place for longer experienced a quicker economic growth after the pandemic.

[slapper]

Hard to know what will happen if the Covid19 strike again. There are many scenarios that can be bad or good for the world. As you can see, doctors and scientists are trying to find the cure for this pandemic and if it ever occur, I believe that we have a good chance to defeat it. Moreover, the world is developing and many companies are working with new technologies such as Zoom, online communication, and online meetings. It gives us a chance to work without moving or leaving our places and some researches has found that working at home is better than at a workplace. Therefore, I always look at crisis as new opportunities for human and the economy to improve itself in a way which no one can imagine. After all, human do know how to survive and become stronger

[fabiorem]

I read they are planning for a second wave by December this year. It will be termed Covid-20.
It remains to be seem if bitcoin will be affected by it again or not, since next year would be the bull year (if we follow the 4-year cycle theory).

[sheenshane]

I read they are planning for a second wave by December this year. It will be termed Covid-20.

Who are they? Do you have any support links or documents regarding this news?

Flattening the curve, this was what we expected that may happen because we already know how to manage the virus and avoid the fast transmission.
There are certain cases in some countries but our WHO has a quick solution if there was an infected it should be isolated in a private room and those who are in close contact should have a swab test immediately.

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

For sure we will have a global recession, an global economic crisis.
But I don't think if the virus will keep spreading, WHO had alternative treatments even if there are no vaccines yet. They called anti-bodies to fight the covid19 virus.

[The Sceptical Chymist]

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

If there's another spike, I seriously doubt the world is going to react the way it did for the past few months.  The world can't be shut down just because there's a virus going about--at least not indefinitely. 

And OP, that curve is indeed flattening, so that's good news.  I also tend to think that a vaccine might help a lot, as long as it's fairly effective.  I've no idea how this strain of coronavirus mutates, so there may have to be seasonal updates like there are with influenza.  Who knows.  What I do know is that things are getting back to normal (slowly).  I'm more worried about what's going on with social unrest in general, especially in the US.  There's a lot of chaos happening everywhere, and it's pretty crazy these days.  Effin' great time to be alive.

[Stedsm]

In India, Glenmark came with its drug named FabiFlu (Favipiravir tablets of 200 mg each) that got approved yesterday itself to treat mild to moderate level CoVID-19 patients. I believe that if this works out, we'll definitely see a much better recovery rate against the number of newly found patients. The only fear that strikes my mind is that, if a person accidentally gets infected again after this has been thrown out of its roots, how will he/she be identified as when doctors will think that it has ended, why will they continue checking people? The global economy is yet to witness one of the worst times with people already losing their senses like getting their brain damaged through CoVID-19, loss of smell and taste, etc. because this will surely affect the way we used to work, and how we will be working now.

[Twentyonepaylots]

I read they are planning for a second wave by December this year. It will be termed Covid-20.

Who are they? Do you have any support links or documents regarding this news?

WHAT "they" are planning for a second wave? who?

Flattening the curve, this was what we expected that may happen because we already know how to manage the virus and avoid the fast transmission.
There are certain cases in some countries but our WHO has a quick solution if there was an infected it should be isolated in a private room and those who are in close contact should have a swab test immediately.

In my opinion we will never be able to flat the curve, as we see the covid cases rising every day we cannot just eliminate the virus after a day of not going outside our house of disinfecting the streets.
The only way to flat the curve is to provide a vaccine, which is sadly expected to be out not until 2021, although we are hopeful that the clinical trials happening now will bring some positivity towards the pandemic.

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

For sure we will have a global recession, an global economic crisis.
But I don't think if the virus will keep spreading, WHO had alternative treatments even if there are no vaccines yet. They called anti-bodies to fight the covid19 virus.

I'm sure it will increase again after the world reopens its half of the economy, it will be on the rise again. Maybe that's the consequence of reopening the economy, the sacrificial thing that we need to do to suffer less in the future in expense of someone's life. Anti-bodies does not have the cure for covid, what it does is it fights the virus until it can't basically it just slows down the virus in a body.

[Yaunfitda]

A good test case will be South Korea, we initially had success fighting the spread of the virus because they quickly reacted and imposed strict quarantine and lockdown. But they decided to reopen, however, there are reports that the second wave has started.

https://www.bbc.com/news/world-asia-53135626

I guess it will be back to square one, and for sure economy will be hit hard if not harder than the first wave because people are going to be more scared to go out and afraid that they are going to be the next victims.

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

[Lorence.xD]

Hard to know what will happen if the Covid19 strike again. There are many scenarios that can be bad or good for the world. As you can see, doctors and scientists are trying to find the cure for this pandemic and if it ever occur, I believe that we have a good chance to defeat it. Moreover, the world is developing and many companies are working with new technologies such as Zoom, online communication, and online meetings. It gives us a chance to work without moving or leaving our places and some researches has found that working at home is better than at a workplace. Therefore, I always look at crisis as new opportunities for human and the economy to improve itself in a way which no one can imagine. After all, human do know how to survive and become stronger

The possible outcomes are too many to say that there will be a definite scenario, there could be a chance that when that spike happens then there will be economic collapse, but I do believe that when there is a spike again, we could prevent a collapse because we have learned things from the first wave and the instinct to survive will only help us, the spike would only last for awhile in my opinion because as said above the quote, there are people who are adapting and we humans are very good at adapting.

[DPrillio]

Hard to know what will happen if the Covid19 strike again. There are many scenarios that can be bad or good for the world. As you can see, doctors and scientists are trying to find the cure for this pandemic and if it ever occur, I believe that we have a good chance to defeat it. Moreover, the world is developing and many companies are working with new technologies such as Zoom, online communication, and online meetings. It gives us a chance to work without moving or leaving our places and some researches has found that working at home is better than at a workplace. Therefore, I always look at crisis as new opportunities for human and the economy to improve itself in a way which no one can imagine. After all, human do know how to survive and become stronger

The possible outcomes are too many to say that there will be a definite scenario, there could be a chance that when that spike happens then there will be economic collapse, but I do believe that when there is a spike again, we could prevent a collapse because we have learned things from the first wave and the instinct to survive will only help us, the spike would only last for awhile in my opinion because as said above the quote, there are people who are adapting and we humans are very good at adapting.

I cant say that the curve is flattening base on the current scenario here on our society and im worried how the goverment will balance between the economy and the health security of the individual. Most of persons need to work and go outside to sustain daily living since not all individual can avail the amelioration program by the goverment and i believe that there is a big impact of country's economy if this pandemic will last long because civil chaos will rise.

[michellee]

Many countries will get another worst experience, and maybe the effect will be bigger than before because those countries are not yet recovering, and the second wave happens again. Maybe those countries will hard to recover and needs longer to recover. Maybe the countries can bankrupt, but those countries will survive for their people. There are many possibilities for what will happen to those countries if the next Covid-19 comes again.

[Rosilito]

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

Obviously it will have a significant effect as long as vaccines haven't been commercially introduced to the market yet. Though as mentioned by @ThePharmacist world won't be reacting the same way they did before. People aren't that fool to let this problem blew us out suprisingly once again as we somehow knew how to handle such life-threatening disaster like isolation, social-distancing, and the likes protocols.

What I'm worried at if this virus would evolve  . But nah, I am no scientist anyway. Let us just wish for the world to heal sooner. I can't bear to see a lot of families sufferin' from this... same news everyday  

[bittraffic]

I'm sure we can all be locked down again tightly if covid spreads faster because of the reopening of the businesses. But if they really meant to stop the spread, we could have been locked down still and wait for vaccines to be fully tested effectively. But then locking down will starve us all as well. We are in a critical situation but taking it slow might just save us all.

[samcrypto]

In my country Covid19 is getting worse and everyday, there's an increase on the number of affected individual and of course we are back to normal since many businesses are now back to operations. The government wants to rescue the economy on our own expense, we are risking lives of many by allowing them to go outside and feel free to live normal again. I'll not get confident to go outside not until we found the cure but as of now, we have to stay stronger and healthy as the government continues to make bad decisions, well I'm talking base on the policy of our government.

[CryptopreneurBrainboss]

The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?

Guess the government has learnt their lesson and won't be as stupid as they were in the first instance that lead to them closing all business which resulted to a global crisis that was even more deadly than the Covid19 pandemic. In some countries, many died from hungry then they did to the virus as a result of their source of living been put on hold. Most below average individuals depends on a daily income that only takes them and their family throughout the day meaning if they don't work for that day, they can't eat and cater for other important things.

There were different ways the pandemic would had been tackled without total shutting down the economy. Educating the general public and informing them on the ways to comport themselves, staying hygienic and sanitizing their hands at every public center would had been a preferable choice and I believe that'll be the better solution in a scenario where your assumptions comes into reality.

[raidarksword]

The flattening curve of covid19 makes more people complacent and that's the scary part of it because it gets more people  infected in our country on daily basis and that's not a good sign of progress at all. With all the restrictions lifted more people go outside even it's not necessary anymore that's why fighting this pandemic will always start from the scratch. Many loss their job and many companies shutdown due to crisis, only the vaccine will save us and to our world economy as well.