Topic: Corona has killed economy of many businesses (Read 3459 times)

The corona virus is the most frightening disease ever. It causes mass deaths very quickly. Everyone takes social isolation seriously for a long time. Every business is affected. The economy of many businesses is in crisis because of being closed. There is currently no cure for it. Hopefully this disease will end soon.

"It's only when you've lost everything that you're free to do anything."  

Whether this is good or bad depends on your perspective. As always, those with an accurate perception of reality and who are willing to adapt accordingly will be fine.

Ecommerce is going to be huge, especially thanks to defi. Over a billion unbanked people can finally participate in the economy.

Yeah, there are many businesses vanishing during the corona Virus. And this is really a sad news. Many companies can not handle the loss and thus, it causes them bankrupt. However, the good news is that many other companies do know how to deal with this crisis and they developed many things, make quick change and adapt to the new system in order to struggle against the corona virus. As you can see, there are many companies receiving huge profit and gain benefits from this pandemic such as Zoom.

Well, I always believe that economy crisis always brings new opportunities and make the world more developing

prevention and compliance is the easiest way to protect more lives from fierce coronavirus and then basically the good news is almost all of the government from different countries who are nonstop from gathering more ways to terminate against this pandemic impact, so I think because of that day by day almost thousand or more cases of infected person has cleared and actually, recovered from illness. I guess our economy is back to normal soon.

Lets discuss what kind of business were killed. Because there are kind of business, that are just " wounded".
For example any kind of production - some of companies did not even stop their work during lockdown, some simply reduce shifts.

The one who were killed - resellers. Firstly, because goods are not delivered, secondly, because they were forced to be closed for customers.

Other kind of business seems to be working partly, or with losses, or adopted to the situation.

In fact, coronavirus affected almost all countries of the world, but the fact remains that the virus affected countries in very different ways, as indicated by official statistics on morbidity and mortality. at the same time, statistics on the spread of the virus and harm to the economy of each country differ from each other, regardless of what level of development the economy of a particular country was before. Many experts and scientists have paid close attention to this fact in order to find out the cause of such an anomaly, since perhaps this is the secret of the antivirus. In addition, the claim that coronavirus affects mainly the elderly has already lost its relevance. As an example, we can take Japan, which is considered the oldest nation in the world, but nevertheless, only 600 deaths from Covid 19 were recorded in this country, which is several times less than in Italy or the United States. if all these indicators, data from other countries are collected and analyzed, then very strict isolation can be changed to lighter forms of quarantine to give business and enterprises the opportunity to restore the country's economy. in any case, to date, the economies of many countries are not destroyed, but nevertheless they are in such a state that not so long remains to fall. in order to start the process of economic recovery, you need to give people the opportunity to move around, because every government should understand that the only value of the country is people who will revive the economy and fill the state budget.

It´s like a weed out for unsustainable and non-flexible businesses. SMEs are a bane for big cooperations, especially when they are not cooperative, hence the global move to total centralization and monopolies. Governments can easily decide which corporation to support with bailouts, supportive schemes or debt discharge. It´s again a question of who you know, not how good you are at doing business.

Almost country start with new normal or new era during covid 19 keep exist and every have have new victim, I think almost country have tired with lock down and must stay at home without know when is ended, they try to give solution with new normal but every people must keep checking and take care with their healthy and allow procedure of covid 19 helathy,

very sad that many countries first underestimated this corona pandemic, which now is very disturbing to almost all aspects of life. especially clear that many economies are disrupted because foreign exchange reserves must be spent for sudden spending. all can be completed once the drugs and vaccines have been found, and hope this passes quickly and the economy can recover.

Coronavirus threatens global economy We are heading for a deeper global economic crisis. Except for the daily necessities business, everything else is almost closed. The fall in prices was due to lack of demand for oil due to closure of various transports, Later, the lifting was reduced to prevent a drop in prices. All kind of Production has stopped because people cannot work freely, which could lead to higher prices for many products in the future. Coronavirus antidote has not yet been fully discovered, but several older drugs are working on it. However, many organizations are working tirelessly to find antidotes, and it is hoped that they will soon.

No doubts about it! COVID 19 has brought many businesses to zero economy. The lockdown and quarantine made many businesses to lay off some workers, production reduced, traveling ceased etc. All these factors took a great toll on the economy of not only businesses but the entire world. Now, it will take some time for the world to recover from this recession.

yes...corona is a deadly disease, already millions of people around the world have died due to corona outbreaks. maybe the corona will disappear after scientists can find a cure for this corona outbreak.

Businesses today can't wait to reopen because its affecting their lives already. This is going to create bigger problem because coronavirus isn't yet contained and if we operate the business, we'd all be affected in the end. People will die and recession is going to make it worse. The virus is just the beginning of all these.

Agree, this pandemic exposed the broken system we are living in. Some governments handled it better than other governments. They should prioritize the health of its people and not prioritize things that isn't going to help the situation we are living in.

Many businesses are affected and guess what's worst? They have to let go of some of their workers. So the unemployment rate is rising and it will be hard for those people to continue living without a job for months or years. Unemployment rate of a country is another problem they should solve in the next years or months.

During a pandemic, the most important thing is not to break the insulation. The fewer people on the streets, the faster the pandemic will end. Many enterprises close, but some companies adapt to the conditions and begin to deliver goods home, this improves service and ensures the safety of people. After a pandemic, the economy will gradually begin to recover and every unemployed person will be able to find a job.

all business sectors ranging from small businesses to SMEs to large businesses or companies get the same effect when this pandemic occurs. The economic system is chaotic.
But every government in a country certainly has a solution to deal with this problem. in my country Indonesia the Government will provide a stimulus in the form of capital assistance or capital injections for SME and SME businesses which will further strengthen the business being run, so that production will continue to run. In addition to the manufacturing industry will get relief for tax dependents. as well as many other programs that will ease the community and business people to keep operating.

We will never know when will this pandemic ends since there is still no available vaccine in the market. Because of this pandemic, businesses that are related to non-essential commodities are the most affected ones thus, drastically affecting economy of a country. For now, we should hope that this calamity will end soon and we the economy will recover again.

We have a right to question this pandemic, we have a right to question government measures! Was it orchestrated by powerful figures, was it all just a business, or we really faced some terrible virus? Now we read about some companies that made incredible profits in time of lock down, and we read about small business going bankrupt! Governments are helping big companies and banks, and they are buying votes with stimulant checks, using entire situation for their benefit!
I can only say I don't like entire situation, I don't like how it's handled! Once again we saw how this system is fragile, and how much we need better system, I can add we need it desperately!

Actually no one has ever think of sudden pandemic Covid-19 that brake out. Different businesses go down and many countries economy is in derail and crashing stage, many establishment can no longer meet their labour target and many private workers did not receive any stipen at the play of work, no money to pay for the house rent while some Government in some nation is planning of percentage salaries for their worker's. So this Pandemic affecting various business in different areas nation wide.

I think corona is accelerating the process of global economic crisis. Many people lose their jobs, without pay. Production companies that were closed / opened cannot sell because the people's income level has decreased. Corona has a lot of bad consequences for the economy. According to the information I read, it is not until the end of 2020 that we can have the preventive medicine and treatment regimen for Corona, so we have a long and difficult way ahead.