What if this pandemic persists till the end of the year?

[nelson4lov]

what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

If there's one thing I've learnt, Its the fact that humans can adapt to any situation they find themselves. Although most businesses have stopped on-site activities and moved to a remote setup. At this point, Its clear that the pandemic is going to be around for much longer than expected – say till the end of the year as no effective vaccine has been released yet. Until then, We have to look for ways to adapt and move forward until a workaround cure for COVID-19 becomes available.

No matter how we tried, several sectors of economics will not function at full capacity. The goal should be to survive the pandemic for as long as possible.

[STT]

The vaccine wont propagate any sooner then the end of the year and it wont reach millions of people this year at all.    So you have a variable restriction on some businesses depending on how reliant they are for close personal contact to perform business.     Apparently something as simple as a hairdresser have assembled a plan to reduce contact and slow the spread and shutdown of their sector by becoming hot spots but I think many mistakes will be made and lessons will have to be learnt.    People will naturally spread this virus and 1% or more will die is the impact for all of this year.
   The best or most optimistic news I heard was a breakthrough in vaccine development that could lead to some high risk receiving treatment by around December.   But mass production even in this ideal scenario is not occurring this year.   The neutral or worst case scenario is 2022 or 2023 for most people to be able to receive a vaccine.    So its pretty long lasting in how society will require to change and adapt to use greater distance or suffer fatal losses and health impact lasting months or years in some cases.

[Kasabus]

There is nothing we can do to stop it, it looks like it will "persist" until the year ends however there is a big difference between how it started and how it is right now. Remember how Italy got all this many people sick? Because, there was thousands of people on the north side who believed heat helps and they moved to south side to recover and didn't cared about infecting others as well and that raised to a national threat level.

Now that is just one example, there was ton of other stuff that got affected as well in every nation, which means people are smarter now compared to back when it first started. We wear masks, even gloves to make sure and have been trying to avoid each other and stay away from each other etc etc. Even doctors know how to treat you well much better. So, I think even if it continues, it will not be as bad as it used to be.

Of course things will not be the same just like how ut started. People have already learned lessons from the past so now they are more aware on following precautionary measures for their own safety. When it comes to our country's economy, the government is starting to uplift the income of the country encouraging all the workers to work again so that people can sustain their own needs already without continue asking for financial help in the government.

[YOSHIE]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives.

"If this pandemic continues at the end of the year. The worst factor is: (economic) growth is being held hostage for a long time.

If this happens, there is no other way that can be done, except: by avoiding people not depressed during the Covid-19 pandemic, the government firmly to support businesses, companies in their respective countries, don't mess with one fiscal & monetary decision on the world economy, what the government really needs to do is: find an accurate cure for (covid-19) sufferers, in order to cure the world economy today.

If the government cannot cope, a troubled stock market, a devastated exchange rate, foreign loans swell, oil falls, unemployment, etc.
The biggest threat to the world 'Economy' will deteriorate and destruction is in sight.

[carlisle1]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

This is the concern of every country now like ours because after almost going back to normal now those places that has been no recorded infection for weeks is now returning back to the quarantine.
and now the president is giving warning if the case spreads again then there is no doubt that Lockdown will take place again and this time will be more strict and ruling.

[Janation]

Slowly, in our country, jobs are going back to normal.

People are actually getting back to their jobs and some actually are finding ways to get a source of income like for example, people are doing reselling in online shops. Some actually are starting to use the internet to earn money. The cases here are still adding up so I don't think it would be completely normal here, we should be used to the new normal and I think that would be for long.

[slapper]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

Hard to know for sure what will happen if this pandemic continues to persist. Maybe many companies will become bankrupt and employees will be forced to quit their job. The world economy may face the big crash which pushes many people to suicide lol

However, as you can see, many businesses know how to maintain their work and their system by using many types of new technologies such as Zoom, online broadcast,etc. And as we are human, I do believe that we will soon find their cure or at least the way for others to walk with. Human is an astonishing creature who can do anything to rule the world

[Mauser]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

Unfortuanelty the chances of corona still being around next year are not so small. COVID 19 infected the hole world with million of cases everywhere. There is not one circle of corona around the world, but different states in different countries. Like NZ already being corona free or European countries already containing the virus and reopening the country. But in South America or India for example the numbers are still rising.
Once international travels become normal again a potential spread of corona could happen very fast again. Especially if there will be new variants of covid, smiliar to the flu.

[Wexnident]

Losses. If the government isn't able to give a solution with regards to economic development, then expect a spiraling down economy for every country affected. Even those that have recovered would most likely experience the same effects. You can expect it to be slow, but surely we would still end up with the economy crashing in the end. With the current regulations set by the government, you could see that at most, they are just barely trying to keep the economy alive.

If the government could support the flow of the economy properly, then we could somehow survive for the year, but honestly, I have doubts about such things happening. They're probably instead trying to deal with the possible effects of the inflation, instead of trying to stop the inflation itself. Guess they kind of gave up?

[Freeesta]

Of course, the crisis will drag on until the end of the year. I think the crisis may last several years. No need to waste time. We need to learn something new, acquire new knowledge. Many people may lose their jobs because the number of jobs has declined due to the virus. I think first of all we need to find a vaccine for the virus so that the world can return to normal life. If this does not happen, the economies of many countries will be completely destroyed.

[ethereumhunter]

Of course, the crisis will drag on until the end of the year. I think the crisis may last several years. No need to waste time. We need to learn something new, acquire new knowledge. Many people may lose their jobs because the number of jobs has declined due to the virus. I think first of all we need to find a vaccine for the virus so that the world can return to normal life. If this does not happen, the economies of many countries will be completely destroyed.

We hope that the crisis will not stay too long because I think it is not good for people who are suffering because of the pandemic. They don't have jobs to earn money, and although many of them are trying to search for a new job, it seems, the company has a new rule in this pandemic. Many of them still hard to survive, and maybe that can lead to increases in the crime. The vaccine itself will be discovered soon because many countries still try one by one to find the right vaccine.

[samputin]

Slowly, in our country, jobs are going back to normal.

People are actually getting back to their jobs and some actually are finding ways to get a source of income like for example, people are doing reselling in online shops. Some actually are starting to use the internet to earn money. The cases here are still adding up so I don't think it would be completely normal here, we should be used to the new normal and I think that would be for long.

Well, that's what this crisis does. It makes us resourceful so that we can live and survive until this pandemic comes to an end. However, as jobs are slowly getting back to normal but the curve is not flattening, it's still risky to go out. But it's a sacrifice people has to make for their family.

We're halfway through 2020 and there's still no vaccine available, so it's not impossible that the pandemic will persist till the end of the year. Our President, PRRD, even said on a briefing that the vaccine might be available at the first quarter of 2021. Each and everyone of us should really help each other out so we can get through this. Those with the capacity to help shall help and keep ourselves healthy to fight this virus.

[Nhor1011]

If that will happen and there is a huge possibility that pandemic will spread more maybe until next year as long as there is no cure.Then our life will surely become more worst specially the poorest among the poor. And the unemployment will increase. Each and everyone  of us specially those with enough capability to help should extend their helping hand for other.

[Febo]

What if this pandemic persists till the end of the year?

I dont give even 5% chance that pandemic can be stopped before end of this year. It is possible that vaccine will be made but it is almost impossible enough will be made that 5 billion people gets vaccinated. Mid 2021 seems way more reasonable goal or at least before end of 2021. If we dont get vaccinated people by then then we are really in deep shit.

[Taskford]

Of course, the crisis will drag on until the end of the year. I think the crisis may last several years. No need to waste time. We need to learn something new, acquire new knowledge. Many people may lose their jobs because the number of jobs has declined due to the virus. I think first of all we need to find a vaccine for the virus so that the world can return to normal life. If this does not happen, the economies of many countries will be completely destroyed.

We hope that the crisis will not stay too long because I think it is not good for people who are suffering because of the pandemic. They don't have jobs to earn money, and although many of them are trying to search for a new job, it seems, the company has a new rule in this pandemic. Many of them still hard to survive, and maybe that can lead to increases in the crime. The vaccine itself will be discovered soon because many countries still try one by one to find the right vaccine.

Many of us pray for the crisis to end up as soon as possible but for seeing the current situation seems possibly we will still experience this mess until next year but hopefully by September their is a vaccine created since I'm really praying for those on clinical test to became successful so that we can go back to our normal lives.

If no vaccine found this year or even next year for sure crime rate will increase due to hunger since I'm sure many people will loot some goods out of desperation.

[AniviaBtc]

what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

For me I think global economy will severely suffer if this pandemic doesn't go away this year. Think of those small and huge businesses which are bankrupted already, its been only 6 months but there's already a huge drop in the price of bitcoin. I know all of us are suffering including the government but that doesn't mean that it will take forever. This pandemic is only temporary and we can get through this as soon as possible. Proper management of your assets are required for you to prevent financial problems. Some governments are already implemented some solution for the people to open their business with new set of rules and regulations just for the people to pay their reasonable taxes. By that, little by little the economy of a country will somehow recover until we eliminate this virus completely.

[thesmallgod]

Aside the trial conducted by the oxford university, there has been numerous research also by many nations and according to research and news online, it is very likely we have the first proven vaccine ready by the end of September which is still far, however many countries are already trying to mitigate the effect of the pandemic on the economy which has resulted into partial opening of some business through the countries. The same with schools. A lot of college have started planning to resume taking prior measure to reduce the spread of the virus

[mace15]

Since no vaccine for the virus has been discovered everyone wants to travel back to the lockdown The virus is on the increase again as everything was in check. the govt has thus far not issued any order to reopen the tutorial institution but is getting to issue another order to shut it albeit business is restricted this is often very sad for the entire world.

This is true this pandemic is really worse many people affected of this virus. Many people have lost their jobs nothing to eat on their table. This pandemic will persist throughout the whole year so whole country is affected but once the vaccine is ready we can go back to our normal lives. Actually, this is a lesson to many to be prepared when everything unexpected happens.

[adzino]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

Saying everything is going to become normal within 6 month is like being too optimistic. But, I really hope, things change after this year. I hope normal comes back.
I would say everything will start to reshape. We maybe facing troubles right now, but eventually will get used to it and we will bring in a "new normal".
The economy is currently facing a problem, but remember, in the long run, the economy always tends to reach the equilibrium.

[electronicash]

It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?

Saying everything is going to become normal within 6 month is like being too optimistic. But, I really hope, things change after this year. I hope normal comes back.
I would say everything will start to reshape. We maybe facing troubles right now, but eventually will get used to it and we will bring in a "new normal".
The economy is currently facing a problem, but remember, in the long run, the economy always tends to reach the equilibrium.

its just a matter time when we get used to a very worse condition humans are resilient in any circumstances people even live on isolated deserts.  when finally we find this new normal to be comfortable enough you won't mind anymore wearing what a woman Muslims wear. in fact they are comfortable with it already before Covid19.

if after a year nothing news from WHO about virus vaccine its going to be chaos. we all have a boiling point, people go out. movies like post end of the world might just be true    i hope not. economy grow back it takes time.