Even if the spread of the virus decreases it will take time for the economy to improve. Economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a large long term negative impact on the flow of export earnings and remittances. The ongoing economic crisis has also led to a huge jump in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.
The impact of Covid is indeed very heavy for global economy, and there will be a long-term economic decline, in my country there are many rich people who sell assets such as cars, property and gold, they hold cash because it is difficult to find income during Covid, we only hope that Covid will end soon and the economy the world is getting great again.
- Everyone wants to end soon, no one wants to prolong such a dismal economic situation, but perhaps Covid is a relatively stubborn person, instead of being pushed back quickly, it is constantly molting, the governments of many countries were also forced to impose lockdowns on major cities and prohibit travel outside to limit the spread of the virus. Everyone's savings probably dropped quite a bit in 2021, without a job and still having to eat, maybe 2022 will be a difficult situation due to unemployment and no savings