Corona has killed economy of many businesses - page 21.

Xampeuu

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Quote from: Questat on March 16, 2020, 08:45:19 AM

Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

I guess I only slept a few moments for many of these businesses. and that is not for all businesses, because various needs are profitable right now, although this is not ethical to talk about, but the reality is like that. after this virus is dealt with, I think many sleeping businesses will wake up again, and that will definitely happen

Questat

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Killed? Maybe now, I say the right term is "killing", but of course they'll recover soon and I think other countries are getting support from the government especially those small businesses who's their sole source of income is from their business.

If there is no lockdown, the economy would be worsen as the infected will even spread faster, the government are now picking which is the best solution, and I am pretty sure government have contingency for unforeseen events like this.

mu_enrico

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Yea, that sucks. I have a business in tourism too, and I'm (seriously) worried about this lockdown. To be honest, I'm not afraid if I somehow infected with the virus, but more about my economy.

Quote from: Wysi on March 16, 2020, 04:51:15 AM

How long will it last? What's the antidote for Corona?

There is no antidote, just like the common flu, we need to develop antibody and limit the infection. Since the infection follows a bell curve, IMO it will take about four months from the first infection till the recovery. It hasn't reached the peak in most of the countries I'm afraid.

CMIIW first infection is about Dec 2019, and the recovery is about March 2020, about four months:

Quote

The spread of Covid-19 in the country has slowed dramatically, according to China's National Health Commission. Whereas the commission reported thousands of new cases daily only one month prior, it said Saturday that there were 13 new deaths and just 11 new cases, including people who recently arrived in China from other affected countries like Italy. More than 65,000 people have recovered from the disease in China.

Source: https://www.thestar.com.my/news/regional/2020/03/14/china-recovers-but-elsewhere-covid-19-is-rising

So we could expect everything is great again in about July 2020.

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I guess that even scientists can't tell how long corona virus will last and how big consequences will be. But one is certain, the longer it lasts the deeper world economy will fall and all governments should already have recovery strategies in place.
If in a month or two everything gets back to normal it's shouldn't be that bad but if situation exalates even more I think that world doesn't have the solution and that is definetely the way to global recession.

Wexnident

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Isn't kill a bit too much to use as a description? I'd use halted or something similar. It's not like a temporary stop is going to kill the entire company from the ground up, more like a setback or the like. Yes, it has huge damages, but as a company, they should be pretty much able to safely reduce the damages to a minimal, and set up a plan to cover for those damages. Sadly, those can't be implemented until the virus still persists.

The antidote for all these problems? Pretty much the vaccine. As long as one is made, the market would probably go back to normal, the business would slowly start going back to work, Hell, they may even put out various offers and the like to satisfy the needs and wants of the citizens after a long time of being quarantined. Tests on humans would start by April, as said by the article below, and they pretty much had a headstart regarding cures because of the efforts of China as well as the advanced research made by vaccinologists.

source: https://www.theguardian.com/world/2020/mar/16/when-will-a-coronavirus-covid-19-vaccine-be-ready-human-trials-global-immunisation

CaVO32

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Quote from: julius caesar on March 16, 2020, 07:04:02 AM

Quote from: Wysi on March 16, 2020, 04:51:15 AM

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?

We do not have any idea if how long it will last because it already spread all over the world. I just hope that people will now find a solution to stop the transmission of this virus. Lets just pray for those people who is infected that they will be able to heal sooner or later.

They are already in clinical trial this coming monday. so hopefully, it will turn out positive for the test subjects. but will be quite a while before they can validate results. this pandemic really needs to stop or at least slow down. everyone is affected by this virus. shops shutting down, manufacturing companies shutting down, tourism is down, and for those with lockdown area -pretty much everything is shut down. people will get hungry and there's nothing to buy.. this is very possible scenario for those areas that are in total lockdown.

https://www.marketwatch.com/story/coronavirus-vaccine-clinical-trial-starts-monday-us-official-says-2020-03-15

FanatMonet

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Unfortunately this is a market, the weakest will sink into oblivion, the strongest will survive these times. Then, when the market recovers, on the contrary there will be a boom of discoveries of what was closed, because there will be a free niche for them.

julius caesar

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

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?

We do not have any idea if how long it will last because it already spread all over the world. I just hope that people will now find a solution to stop the transmission of this virus. Lets just pray for those people who is infected that they will be able to heal sooner or later.

pragna

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

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?

Yes, you are right here but matter of sorrow that there is no antidote yet for COVID-19. It was astonishing that at present scientific world men are going to death more and more with a virus!! Again news that COVID-19 changing its DNA so that initial medicine did not working. It is so worried matter now.

Finally nobody does not know when it will cure and economy as well as.

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Quote from: Wysi on March 16, 2020, 04:51:15 AM

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.

Wysi

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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?

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