Corona has killed economy of many businesses - page 3.

Subbir

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Quote from: Naida_BR on May 16, 2020, 12:27:42 PM

Quote from: realinks on May 15, 2020, 02:14:14 AM

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

If we will observe Bitcoin properly we will easily improve a country's economy without inventing a vaccine and that we can increase the expansion of trade and commerce. there's getting to be an enormous crisis ahead Excluding the world's GDP if we now invest in Bitcoin it's possible to beat the economic catastrophe with online-based work While Corona has had an impression on the country's economy its impact on Bitcoin has diminished considerably.

Viscore

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Quote from: BennyK on May 19, 2020, 02:51:39 AM

Definitely, some businesses that have shutdown during the time of COVID-19 may not rise again and this will go along way to affect the individual work. Now after the pandemic, America will have to set target to battle unemployment which resulted for lay offs.

They should already have that plan in place, otherwise there will be chaos and America will not be great again.
I know they are one of the richest country if not the richest, so I also expect that they are smart to battle this temporary problem they are facing.

In fact, they are positive because they announce the vaccine will be available by next year, but I guess if other countries will release first, then they could also acquire some to help their people.

BennyK

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Quote from: clickerz on May 19, 2020, 12:44:36 AM

Quote from: bakasabo on May 18, 2020, 04:58:55 PM

Quote from: Naida_BR on May 16, 2020, 12:27:42 PM

Quote from: realinks on May 15, 2020, 02:14:14 AM

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Sad but true. It is predicted that about a year or two that the economy will recover. Also, In addition it is said that many businesses will not recover and shutdown. For the leaders, this is a difficult balancing act between the economy and this pandemic. Hopefully, there are announcements on progress on human testing of the said vaccine.

Definitely, some businesses that have shutdown during the time of COVID-19 may not rise again and this will go along way to affect the individual work. Now after the pandemic, America will have to set target to battle unemployment which resulted for lay offs.

theminingclub

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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?

Corona is Freezing All economics in the world.

clickerz

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Quote from: bakasabo on May 18, 2020, 04:58:55 PM

Quote from: Naida_BR on May 16, 2020, 12:27:42 PM

Quote from: realinks on May 15, 2020, 02:14:14 AM

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Sad but true. It is predicted that about a year or two that the economy will recover. Also, In addition it is said that many businesses will not recover and shutdown. For the leaders, this is a difficult balancing act between the economy and this pandemic. Hopefully, there are announcements on progress on human testing of the said vaccine.

bakasabo

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Quote from: Naida_BR on May 16, 2020, 12:27:42 PM

Quote from: realinks on May 15, 2020, 02:14:14 AM

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Japinat

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Quote from: Jorge158 on May 18, 2020, 02:40:58 AM

Coronavirus pandemic has really had a detrimental effect on the economy of not only businesses but the globally. The global economy is on recession due to the fact that most companies have laid off workers, production has reduced, travelling has reduced leading to diminished foreign exchange etc. Until COVID-19 gets remedy and everything bounces back to normal, the world's economy will continue to decline gradually.

That's expected to happen, though this pandemic will be over soon but it will be hard to fix our economy, we need to work to slowly fix this and with that, some people will suffer due to the instances you've mentioned.

Actually, the longer this pandemic will stay, it will kill the economy of the smaller nation since they don't have enough savings, soon they will get bankrupt, borrow from big countries, and they will sell their resources and therefore that will affect their economy which might have a long term effect.

Jorge158

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Coronavirus pandemic has really had a detrimental effect on the economy of not only businesses but the globally. The global economy is on recession due to the fact that most companies have laid off workers, production has reduced, travelling has reduced leading to diminished foreign exchange etc. Until COVID-19 gets remedy and everything bounces back to normal, the world's economy will continue to decline gradually.

Tahsin Kabir Kollol

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The world economy is in great trouble because of coronavirus. The coronavirus pandemic force the whole people to stay at home and most of the business goes to move in destroy. Nobody is aware of how long the virus will go for. If this situation continues for a long time, It must be a threat to most of the business. Many businesses are already struggling to survive themself and many more were fully stopped. Now we can only wish for any solution to make this virus stop. Otherwise, most of the business and the world economy will occur unrecoverable loss.

Wayan_Pedjeng

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Here in Indonesia, the situation is starting to become unbearable. A lot of people have lost their jobs, and they are surviving on savings. I know families who are not having enough food to eat. I know people who were forced to stop taking medications due to lack of money. If the pandemic is not contained in the next 2-3 months, then it is going to be disastrous.

Naida_BR

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Quote from: realinks on May 15, 2020, 02:14:14 AM

I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

shushu9977

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May Allah help us from corona virus. Now a days it is increasing day by day and affected almost 213 countries and territories around the world have a total of 4,647,960 confirmed. It is very serious and harmful for all kind of business.

realinks

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I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Gyfts

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Quote from: silversurfer1958 on May 11, 2020, 07:39:35 PM

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.

There isn't too much evidence out there to suggest the spread will slow down in the summer. The virus is already thriving in places with warm temperatures even though direct sunlight will kill the viruses on most surfaces. Still though, humans are the worst transmission vector out there. We rub bodily fluids on everything then touch our faces hundreds of times a day.

The vaccine is a pipe dream. It takes at minimum 12-18 months to develop a vaccine so if you're predicating reopening an entire economy on one vaccine, I have some bad news for you. I get why countries went into lock down because China suppressed their data and people were not sure what type of people died from coronavirus. We have the information now, it's old people or people with preexisting conditions. A quarantine solution is what's needed where you target the most vulnerable and isolate them. You let young and healthy people go back to work.

This is what the UK is doing, and the U.S. is following suit.

Negotiation

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Quote from: rk8814719 on May 14, 2020, 06:03:54 AM

Yes Corona has killed economy business Due to all world locke down like India not any activity business all supplies chain stop covid-19 infection is human to human transfer and Global Import and Export Stop.Global big Economy crush many people postive covid -19 Present time not making any antivirus or vaccine so upcoming days is dangerous so everyone people use social distance only this saftey point.

This Covid-19 has shaken the world at once Not only in the case of India, but the whole world is also suffering from economic problems and the helpless and poor people are suffering from financial problems. No vaccine has been discovered so far. Therefore the government must take some steps to improve the country's economy and business.

dunfida

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Quote from: FanatMonet on May 12, 2020, 07:37:58 PM

Quote from: Nellayar on May 12, 2020, 08:50:48 AM

Corona is not just affecting the world in terms of health, it affects the world in whole aspect. The economy will fall down, unemployment may rise, tax, goods and services will rise, company and small business may bankrupt, tourism disrupted. Hopefully this crisis will finish because many poor people like me want to go back things into normal.

Stay safe guys.

Yes, a pandemic will inflict a very serious blow to the world, after which it will take years for everything to return to normal.
But here the cost of products should decrease, either through subsidies from the government, or from the producers themselves.

One is on the positive where goods and other sources becomes cheap which is understandable since demand is way too low but if we do think
of that these levels is much more preferable where most or everybody can afford of.Of course,anything wont return into normal with a snap.
It will stale for some time but wont really be that long.

Quote from: Rulelies on May 14, 2020, 05:48:46 AM

Only a vaccine can put an end to corona but looking from another perspective corona might not end because if i get cured from the virus i can still get it again so it might just be a circulating process. Except maybe a vaccine that can cure and make you immune to the virus.

The only thing that would solve out this pandemic.If this cure wont come out or available then we cant still be sure on how vastly affect this one
in most industries.

rk8814719

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Yes Corona has killed economy business Due to all world locke down like India not any activity business all supplies chain stop covid-19 infection is human to human transfer and Global Import and Export Stop.Global big Economy crush many people postive covid -19 Present time not making any antivirus or vaccine so upcoming days is dangerous so everyone people use social distance only this saftey point.

Rulelies

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Only a vaccine can put an end to corona but looking from another perspective corona might not end because if i get cured from the virus i can still get it again so it might just be a circulating process. Except maybe a vaccine that can cure and make you immune to the virus.

FanatMonet

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Quote from: Nellayar on May 12, 2020, 08:50:48 AM

Corona is not just affecting the world in terms of health, it affects the world in whole aspect. The economy will fall down, unemployment may rise, tax, goods and services will rise, company and small business may bankrupt, tourism disrupted. Hopefully this crisis will finish because many poor people like me want to go back things into normal.

Stay safe guys.

Yes, a pandemic will inflict a very serious blow to the world, after which it will take years for everything to return to normal.
But here the cost of products should decrease, either through subsidies from the government, or from the producers themselves.

Gheka

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Quote from: silversurfer1958 on May 11, 2020, 07:39:35 PM

It is clear that the COVID_19 epidemic has had a strong impact on many economic sectors such as tourism and restaurants. No one knows when this epidemic will end. But I think summers with higher temperatures will reduce the worldwide spread of corona virus. Governments such as the United States and Europe are planning to partially open their economies to revive their economies. And I have read some news that there has been much progress in developing this COVID-19 vaccine. I hope there will be a vaccine soon to bring health to all people around the world and the global economy will recover strongly.

I think the most important thing is that the vaccine needs to be made and delivered soon, otherwise, with any policy from the government, it is just an impossible task because even with high temperatures, the spread of the virus is still very high and may reactivate. Although some countries have shown many signs of successfully stopping the disease but this is only a temporary period, many businesses still cannot reopen and have to go bankrupt, maybe we will have big economic setbacks in the near future, many younger generations are also facing unemployment right now

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