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Topic: Corona has killed economy of many businesses - page 19. (Read 3429 times)

legendary
Activity: 2254
Merit: 2253
From Zero to 2 times Self-Made Legendary
The pandemic of corona virus had made a huge impact in every businesses and companies due to lockdowns and community quarantines, that is why a lot of productions have stopped and only pharmacies have only increased their incomes and other foods and beverages.

Changes and dynamics of the current global economic environment are very fast. That happened because of the spread of the coronavirus in various countries. The global economy which is driven by the movement of goods and people will be affected.

In addition, business slowed down and even stopped because investors and business people began to withdraw their money to be on guard and urgent preparations due to fears of lockdown and the spread of the coronavirus could last longer and the impact might also be greater due to the scale of the outbreak that has been globally infected.

Corona has caused a blow to companies engaged in the service sector, transportation to tourism. And it has a bad pinball effect for many countries especially those that depend on China because China is the biggest export market and also the biggest importer.

What the state can do is mitigate the risk of the coronavirus. Many people argue that the economy will recover, after an incubation period of two months, plus the repair process for the next four months. That way, then in six months the economy of a country is expected to slow down and is predicted to improve in the second half. The most important thing is the short-term economy to avoid chaos in society.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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?
The pandemic of corona virus had made a huge impact in every businesses and companies due to lockdowns and community quarantines, that is why a lot of productions have stopped and only pharmacies have only increased their incomes and other foods and beverages.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
It is true that the economy of the businesses right now are dying because of this virus called COVID19 or the coronavirus and it is very sad for us to know that because we all know that if yhr business are dying then probably the market will eventually dying aldo so it would be better if this corona virus will stop right now so that it will not affect the economy of once company or business and so that the market will not continue to dump.
If this will continue it will take a lots of time before people will start to invest back, most of them will stay away and find other venue of investment.
Corona really hurting the entire economy as a whole, the entire world are suffering and nothing escapes the problem.
Study and take chance once you are already sure about your assessment.
hero member
Activity: 1302
Merit: 503
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 is very sad that the coronavirus has been more disastrous and have a huge impact to our market especially to the business and workers of the different country. This is really a sad part of this virus because it brings negative outcome for us especially to the economic growth of a country because I am pretty sure that the economic stand of the countries will dump just because of this disastrous virus that occurs on us.
- The situation has come to many businesses so suddenly and has killed the economy of many businesses, create an atmosphere full of anxiety every day, although this is something no one wants to happen but it happened, the damage of businesses can be quite large but the government will definitely have some help, even provide economic support and direction when the recovery begins. So this is not a moment of endless sadness, everything can still return as long as we continue to survive, the priority task right now is to protect the health and loved ones
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
I need to add more on this headline, corona has killed many businesses and it seems it will kill many more. It seems like politicians don't know what to do, all options are open, and this closing will last for months maybe. Casinos, schools, many stores are closed... Coffee shops, restaurants and stores that will work will have rules, 1 person in 2 meters, old people to not get out, and many other rules. Nobody knows when will we see the end, some people already lost a bunch of money, and there are no good news for now.
This will turn to hell for some businesses, owners and workers, their families. But like always some businesses are making a lot of money. We will see what will happen, markets are going down and what happens around I think we will see more dropping in upcoming weeks.

1 meter rule is now one of the measures that is taken out in our city, there are public utility vehicles but only few can ride like 2 eats apart from each other. This leads to people with no personal vehicles to run dry quickly as the price fair has risen up from 10 cents to 2 dollars each person. Aside from that our government is implementing a 2 person each house hold that can go outside this coming Friday and anyone caught on the road without a pass will be locked. We don't know yet what is there to come and when this will end, but if the trade from outside the city like foods will be banned, then this will be another problem, people will likely to panicked even more. Better we stay ready for the worst.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
How long will it last? What's the antidote for Corona?

I wonder if there is someone who will know how long the Corona will happen because so far, the vaccine still not be found, so people still need to survive. I am sure the scientist will found the vaccine so that it can help a thousand people who get infected. All countries still trying to figure out how the Corona Virus works so they can find the vaccine or the antidote for Corona. We can hope that it will not take too long before many people get infected too.
sr. member
Activity: 896
Merit: 268
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It is true that the economy of the businesses right now are dying because of this virus called COVID19 or the coronavirus and it is very sad for us to know that because we all know that if yhr business are dying then probably the market will eventually dying aldo so it would be better if this corona virus will stop right now so that it will not affect the economy of once company or business and so that the market will not continue to dump.
legendary
Activity: 3248
Merit: 1179
I need to add more on this headline, corona has killed many businesses and it seems it will kill many more. It seems like politicians don't know what to do, all options are open, and this closing will last for months maybe. Casinos, schools, many stores are closed... Coffee shops, restaurants and stores that will work will have rules, 1 person in 2 meters, old people to not get out, and many other rules. Nobody knows when will we see the end, some people already lost a bunch of money, and there are no good news for now.
This will turn to hell for some businesses, owners and workers, their families. But like always some businesses are making a lot of money. We will see what will happen, markets are going down and what happens around I think we will see more dropping in upcoming weeks.
member
Activity: 686
Merit: 15
Fear is gripping my nation as my health sector is not prepared for the outbreak, if there is an outbreak in my nation like in Italy, then people are mostly going to die of hunger than the disease itself. My Crypto asset has gone down below expectations. I would that the world turn to Crypto.
jr. member
Activity: 61
Merit: 1
Many Company forced to shutdown because of the effect this pandemic. Specially those company who made business with China, it was there supplyer of there materials. But now as I observed global is suffering about this disease. I hope this will end soon.
full member
Activity: 812
Merit: 104
🎄 Allah is The Best Planner 🥀
The only antidote to the Coronavirus is time. The only antidote for the coming depression and loss of faith in Government is Bitcoin.

Coronavirus has the foremost effects of bitcoin its value are going to be so low that nobody can imagine. the govt is unable to try to to anything but Bitcoin is under the control of nobody, but the virus is reducing investment and therefore the demand for it's decreasing economically because Bitcoin has dropped such a lot.
sr. member
Activity: 1512
Merit: 316
In fact, the situation is very funny and paradoxical. Typical mass hysteria organized by government apparatuses of all countries.
Mortality from the coronavirus is only 1%, but already a large number of countries have closed their borders from each other. This will primarily hit the pocket of ordinary citizens

The difference between the previous virus and this is that previously the viruses were not spreading from human to human as far as I have read and heard. And this virus is different because it spread from person to person which is more dangerous and that is why it has being put under pandemic. This is really getting serious as many cities are getting lock down and due to which majorly all business worldwide has taken hit already.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
In fact, the situation is very funny and paradoxical. Typical mass hysteria organized by government apparatuses of all countries.
Mortality from the coronavirus is only 1%, but already a large number of countries have closed their borders from each other. This will primarily hit the pocket of ordinary citizens
Well, in general, not 1%, but 2.3%. Moreover, there is a strict division into age groups, the older the person, the higher the mortality rate. If in people under the age of 39 years, it is only 0.2%, then over 80 years, as much as 15%. And given that, on average, the countries in Europe and North America are the oldest nations, the blow for them can be very painful (as a vivid example of Italy).

older/sick people doesnt have the immunity to fight the virus anymore, the reason why the mortality rate is higher than any age groups. the lockdown of many countries i think is reasonable. just precautionary measures to avoid further spread of the virus. since the vaccine is still in trial phase, everyone is still not safe
but yes, this pandemic indeed hit us hard!
hero member
Activity: 742
Merit: 507
In fact, the situation is very funny and paradoxical. Typical mass hysteria organized by government apparatuses of all countries.
Mortality from the coronavirus is only 1%, but already a large number of countries have closed their borders from each other. This will primarily hit the pocket of ordinary citizens
Well, in general, not 1%, but 2.3%. Moreover, there is a strict division into age groups, the older the person, the higher the mortality rate. If in people under the age of 39 years, it is only 0.2%, then over 80 years, as much as 15%. And given that, on average, the countries in Europe and North America are the oldest nations, the blow for them can be very painful (as a vivid example of Italy).
member
Activity: 1204
Merit: 38
How long will it last? What's the antidote for Corona?
USA medical dept said they developed a cure for this virus and it will take 6 weeks time to know the actual results which is already under test on a human being.But they also mentioned it will take at least 12 months for public people availability means its still a long way to go and more worse is yet to come. Sad
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
In fact, the situation is very funny and paradoxical. Typical mass hysteria organized by government apparatuses of all countries.
Mortality from the coronavirus is only 1%, but already a large number of countries have closed their borders from each other. This will primarily hit the pocket of ordinary citizens
brand new
Activity: 0
Merit: 0
The only antidote to the Coronavirus is time. The only antidote for the coming depression and loss of faith in Government is Bitcoin.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
The economical antidote for Corona, is not to panic. Your bitcoins are not going to be infected with the virus, but rather contaminated by the hype surrounding it. The contamination come in the form of panic selling and misinformation and it will lead to a lower price.

People look at stock and share prices on industries that are directly affected by the Corona pandemic and they pull their capital from other investment options that are not directly affected.  Roll Eyes  The sheep are following other sheep down the cliff.... Yes, people might be shifting their investments to safe havens, but what happens when things return to normal? Answer : A sharp decline in the price of the safe havens.  Roll Eyes
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
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 is very sad that the coronavirus has been more disastrous and have a huge impact to our market especially to the business and workers of the different country. This is really a sad part of this virus because it brings negative outcome for us especially to the economic growth of a country because I am pretty sure that the economic stand of the countries will dump just because of this disastrous virus that occurs on us.
legendary
Activity: 3094
Merit: 1127
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?

Anything that correlates to a simple virus specially a new one shouldnt really be downplayed so easily or should really be ignored.I do have the same impressions when its still just small where i do treat that
this one is just similar on that ASF (African swine flue) etc. but i didnt expect that it would really be this big.Lots of businesses are indeed being heavily affected to this one specially on malls and transport where
crowd is present.

Talking on how long it would last? No one knows because as long the vaccine isnt available yet this pandemic issue wont really be resolved.
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