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Topic: Corona has killed economy of many businesses - page 17. (Read 3462 times)

hero member
Activity: 2856
Merit: 674
As the vaccine has not been discovered yet, the more our economy will suffer, everyday the number of infected people has been rapidly growing and though a specific countries are only affected but still globally it would affect the economy as most of the affected countries are major economic leaders in the world.

The only solution to this market struggle now is to find the cure for the virus, then everyone can do their usual things and together we will help our economy to recover.
sr. member
Activity: 1918
Merit: 370
I opened a car wash business and in the last few weeks my income dropped by 100%, the government in my country imposed "Half Lockdown", so offices and schools were canceled, the effects of Covid-19 were truly extraordinary.

How long will it last? What's the antidote for Corona?
for sure.. no one will know how long this pandemic will end but based on the information I got from the news, that currently, researchers are working hard to find the antidote/vaccine from Covid-19.  we just pray that hopefully, good news will emerge..
This goes to show that apart from large establishments and developed names in the industry losing dollars due to this coronavirus pandemic, it is the small businesses like this who really will receive the punch in the gut. They're basically the frontliners, and without them assisting any customer, what good are they for? So that's my 50 cents regarding this issue. And instead on focusing on things you can't do or control anything with anymore, try looking for alternatives. Maybe stock up on bitcoins now. It's really cheap.
full member
Activity: 1414
Merit: 228
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I opened a car wash business and in the last few weeks my income dropped by 100%, the government in my country imposed "Half Lockdown", so offices and schools were canceled, the effects of Covid-19 were truly extraordinary.

How long will it last? What's the antidote for Corona?
for sure.. no one will know how long this pandemic will end but based on the information I got from the news, that currently, researchers are working hard to find the antidote/vaccine from Covid-19.  we just pray that hopefully, good news will emerge..
full member
Activity: 1442
Merit: 153
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?
True Big or small business are being affected by this virus it is killing the business industry of course medical business is excluded.
I think it would take us so long before we recover from this event I am not talking about crypto I am talking about the business who have been seriously damage by the lockdown due to the virus.
But in my opinion, small businesses are more affected by the current situation. Imagine they are not operating for less income that what the big businesses does and the fact that big businesses can survive the breakdown from various plans already set the small ones aside. As for recovery, to assume is too early as of now as the virus is spreading at rapid rate. Our government's estimation is from 6 months to 1 year recovery after also months/ a year of lockdown. The problem is very huge and serious now.
sr. member
Activity: 994
Merit: 257
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?
True Big or small business are being affected by this virus it is killing the business industry of course medical business is excluded.
I think it would take us so long before we recover from this event I am not talking about crypto I am talking about the business who have been seriously damage by the lockdown due to the virus.
full member
Activity: 1526
Merit: 111
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Other country claims to have the vaccine for this particular virus that means that this will end up sooner, the thing is that we don't know when.
That is why we don't need to lose our hopes and this crisis may over shortly if we also cooperate with what the government and WHO tell us to do.

Small business partners must also have to understand the situation. They can suffer the losses but much more losses if we continue to open without transactions happening. May we think that big business institution survives but we can't deny how much money also they lose for this time. We all are affected by this, its either small or big business groups still in the struggle.
Businesses are really struggling very hard during this time, this is an unintended incident of everyone, responsibility on this issue does not belong to any side, partners and companies will understand their common problem, they will definitely try to help each other to limit the damage during this period. Big or small losses, time will soon recover for all but if forced to operate during this time, health risks are too great, money will continue to be created if we have health but this will never mean the opposite
at times like this of course most businesses experience a setback, with the limited space for people to work, of course, makes companies unable to produce their goods, even though goods can be produced, of course it will be difficult to market. so stay afloat and hope that the plague will quickly get better

copper member
Activity: 2968
Merit: 575
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Other country claims to have the vaccine for this particular virus that means that this will end up sooner, the thing is that we don't know when.
That is why we don't need to lose our hopes and this crisis may over shortly if we also cooperate with what the government and WHO tell us to do.

Small business partners must also have to understand the situation. They can suffer the losses but much more losses if we continue to open without transactions happening. May we think that big business institution survives but we can't deny how much money also they lose for this time. We all are affected by this, its either small or big business groups still in the struggle.
Lol at those countries that claim to have vaccine for the virus. Even if they do have it, there is no guarantee that its going to work. A vaccine has to go to trial and it takes more than 8 to 12 months before it can be used and accepted globally. So don't expect to start using those vaccine anytime soon. Even to make things faster, the government decided not to do animal testing and directly try it out on humans.
This loss is nothing compared to the loss we will be facing when the whole world gets infected.
hero member
Activity: 1526
Merit: 501
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Other country claims to have the vaccine for this particular virus that means that this will end up sooner, the thing is that we don't know when.
That is why we don't need to lose our hopes and this crisis may over shortly if we also cooperate with what the government and WHO tell us to do.

Small business partners must also have to understand the situation. They can suffer the losses but much more losses if we continue to open without transactions happening. May we think that big business institution survives but we can't deny how much money also they lose for this time. We all are affected by this, its either small or big business groups still in the struggle.
Businesses are really struggling very hard during this time, this is an unintended incident of everyone, responsibility on this issue does not belong to any side, partners and companies will understand their common problem, they will definitely try to help each other to limit the damage during this period. Big or small losses, time will soon recover for all but if forced to operate during this time, health risks are too great, money will continue to be created if we have health but this will never mean the opposite
hero member
Activity: 2828
Merit: 518
Other country claims to have the vaccine for this particular virus that means that this will end up sooner, the thing is that we don't know when.
That is why we don't need to lose our hopes and this crisis may over shortly if we also cooperate with what the government and WHO tell us to do.

Small business partners must also have to understand the situation. They can suffer the losses but much more losses if we continue to open without transactions happening. May we think that big business institution survives but we can't deny how much money also they lose for this time. We all are affected by this, its either small or big business groups still in the struggle.
full member
Activity: 2142
Merit: 183
How long will it last? What's the antidote for Corona?
Currently there is no telling when will it end but hopefully scientists and doctors around the world are doing their best to finish an antidote, vaccine and cure for this virus. Yes it crashes businesses but what can we do about it? Economy suffers when there is a crisis.


The spread of coronavirus will not last long. The US and Italy have already successfully begun testing the vaccine against this virus. In addition, there is an effective use against coronavirus and a number of existing medications, including from rheumatoid arthritis.
Good news also comes from China. Over the past two days, not a single new case of coronavirus has been registered there.
Some enterprises now really cannot fully work, since maximum quarantine measures have been introduced for people. Nothing, difficult times will soon pass and the economy will recover again.
legendary
Activity: 2884
Merit: 1117
The thing is, small business' can't survive this because they are not getting the bail out the big ones are getting and that is the biggest trouble here. Why does a government exists? To help its people when in need right?

I am not expecting socialism from the whole world but when the things are getting as horrible as it is right now all of those taxes we paid should not be going towards saving the huge corporations that eventually takes up more money to save than saving a million people, so maybe instead of saving them and giving them tax breaks and letting their debts be free and not taking rent or whatever in the end, we should instead focus on saving millions of peoples economy and maybe we wouldn't have this horrible thing coming our way thanks to it.
hero member
Activity: 1722
Merit: 528
Indeed so many businesses are affected right now I think every business are being affected,
The only business that is doing great right now is the medical and food fields other business are losing some profit.

All of them are being affected and despite people needing food and medical supplies, they are also affected.

Food businesses are also affected negatively since because of the lockdown, they can't really manufacture foods that easily. Their workers/employees are at their homes with the quarantine. In terms of the medical field, they are having a shortage now to alcohol and face masks which are the most needed of people nowadays.
member
Activity: 68
Merit: 10
The antidote for Coronavirus doesn't exist, but scientists are working on it now. So I hope that in a couple of months the pandemic will be over.
full member
Activity: 854
Merit: 140
many businesses have work killed by Corona virus and get bad impact so far with many people lost much their investment because almost all of investment way drop, now bitcoin as payment currency have faced reality where price increase down after Corona virus cases.
hero member
Activity: 1932
Merit: 506
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.

How long will it last? What's the antidote for Corona?
It will only last once the vaccine will be discovered but as of the current situation it will take like more than 1 year to fully develop the corona vaccine so we can expect that it will continue to kill the economy of every country that will be hit by this virus. There are many countries that impose a total lockdown in their area in order to prevent the further cases to multiply but the effect to the economy to this move will be very fatal.

The same in our country, the economy really shrink in just a a short period of time because of the lockdown that was being imposed by our government. This virus is not a joke and it will surely kill a country if a country will not impose a strict rules that will help to lessen the infected persons like a total lockdown and etc.
legendary
Activity: 2128
Merit: 1775
How long will it last?
no one knows for now how many days Corona lasts and for how many more years, it is certain that the virus kills hundreds of people every day, not knowing the poor and rich, officials and commoners, every human being infected there are two choices to die and recover if handled faster by the doctor.

Quote from: Wysi link=topic=5233180.msg54038091#msg54038091
date=1584348675
What's the antidote for Corona?
the offer is not available at the moment, only prevention is available, washing hands during activities, avoiding contact and close conversations with strangers, keeping clean and food, consuming lots of fruit and vegetables.

For now everything is chaotic in all countries people can not go to the office in general activities, only at home and in the immediate environment, people have begun to panic now to deal with the C virus.
legendary
Activity: 3542
Merit: 1352
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Almost every business in the world currently is operating at a loss. Luckily we have a lot of caring business magnates donating for a cause despite losing millions every day due to the conditions offered by the pandemic. It might take a month or two before this pandemic is cleared on every coast, but til then the economy would suffer for a short while and hopefully recovers.

If there's one good thing this pandemic caused, it is that the world breathed quite a bit and carbon emissions were significantly reduced, apart from humanity working together for a common cause despite their political differences.
sr. member
Activity: 1876
Merit: 259
even schools in my country have been temporarily disabled, so there is no wider spread of the virus.
there is no definite time when it will return to normal again.
hopefully as soon as possible a cure for covid 19 is found so that the current fears and anxieties can be overcome.
sr. member
Activity: 896
Merit: 267
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Indeed the reality is like that, an economic crisis occurred because some businesses suffered losses due to the effects of
the corona virus. I am who have a business in the food sector affected by the corona virus, were forced to close my business.
Because my country's government does lock down for two weeks. If the corona virus is not immediately stopped its will be
very dangerous for the world economy. It can even increase poverty, because many business owners go bankrupt.
We maybe owners of businesses or just simply consumers, we have no control of the situation so we should know how to abide with the rules of the government. It's not totally bad if our businesses were killed at the moment but atleast we still have chances to get back once this virus will be totally killed making the flow of the market gets normal again.
Indeed, our safety and health is more valuable now than any business because our business is nothing if were not in good shape so in this kind of situation you should not double think about choosing your business. Yes there is a possibility for business owners to be bankrupt but the fact that they are running business they have spare money, what bothers me is those people who only get money from working and now that lockdown is implemented in lots of countries how will they cope up with this?, business is nothing without consumers so best way to beat this virus and this crisis is to be there for one another, business can back later on but now humanity is what needs to be seen in everyone of us.
hero member
Activity: 2660
Merit: 630
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Economy suffers when there is a crisis.


To enrich the few whose business won't be affected by such crisis. In this case now, the medical department are benefiting because the world needs medical equipment to tackle the corona virus. Medical products and facilities have gone on the high side but I believe that soon things will get normal again and coins will begin to rise.
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