Corona has killed economy of many businesses - page 8.

rodskee

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Quote from: smyslov on April 22, 2020, 10:54:08 PM

Quote from: Wysi on March 16, 2020, 03:51:15 AM

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

So far there are companies that are testing the vaccines, but it will take five months to a year to prove the vaccines are effective, all we can do now- is take precautionary measures like wearing a face mask, social distancing and washing your hands every country is doing all their can to flatten the curve if there are no transmissions the virus will die on its own.

actually Even China did not fully stopped the Virus meaning there are no vaccine
but prevention is what they do to stop the spread.
Korea is also eager to Find the vaccine because they become one of the fastest spreading country last march but now they seems to be stopping also the Virus.
asking about when is impossible to answer but prevention will make this gone if only all the people will cooperate and follow what the Government is asking them to do this is not for individual but for the whole world.

smyslov

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Quote from: Wysi on March 16, 2020, 03:51:15 AM

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

So far there are companies that are testing the vaccines, but it will take five months to a year to prove the vaccines are effective, all we can do now- is take precautionary measures like wearing a face mask, social distancing and washing your hands every country is doing all their can to flatten the curve if there are no transmissions the virus will die on its own.

Subbir

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The coronavirus is already disrupting the industry Every factory is closed and therefore the workers aren't getting their salary allowance the way to pay them if the assembly isn't right This coronavirus is pushing not only the country's economy but everything to a worse situation nobody knows exactly how long it'll last but thus far no vaccine has been developed to cure the disease. The price continues to rise If this continues the economy will slowly collapse No scientist can come up with the proper vaccine.

camito

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Quote from: Wysi on March 16, 2020, 03:51:15 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?

COVID-19 didn't just killed businesses but also immobilized people and the world itself. It somehow woke us up that there isn't a way out if there will be no unity amidst diversity. Hopefully, the medical field and science team would find a cure or even a vaccine in the coming months. If this will continue, large stocks industry can fall and it would be hard to bring them back.

ZeeeN

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Quote from: bakasabo on April 22, 2020, 01:54:39 PM

Quote from: silversurfer1958 on April 22, 2020, 12:21:24 PM

According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.

Even though it is "hard to say when this epidemic will end", some countries are already made lockdown rules more easy. I'm speaking about Spain and Italy.

I dont know how to comment that. Amount of confirmed virus cases became lower, same is disease number and gov. already soften lockdown rules. Seems crazy as to me.

im not sure situation in Italy and Spain is better in other in Europe (look in number it not better than UK or turkey).

but too much lockdown make stress in many people and maybe when it blow out 2 country going to be like some state in USA.

bakasabo

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Quote from: silversurfer1958 on April 22, 2020, 12:21:24 PM

According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.

Even though it is "hard to say when this epidemic will end", some countries are already made lockdown rules more easy. I'm speaking about Spain and Italy.

I dont know how to comment that. Amount of confirmed virus cases became lower, same is disease number and gov. already soften lockdown rules. Seems crazy as to me.

silversurfer1958

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According to the scientists who made the vaccine, it took at least 1 year for the vaccine to prevent COVID-19 disease. But in one year this Corora virus will create many new mutant strains. This is really causing many difficulties for scientists. So it is really hard to say when this epidemic will end. And we will see the age of global recession going on. Many economic activities such as exchanging goods between countries will be paralyzed due to the border closure.

Psynthax

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Quote from: Averim on April 17, 2020, 01:17:26 PM

Quote from: Wysi on March 16, 2020, 03:51:15 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?

The results of this virus will have couple of digits after trillion of dollars. At this point nobody know for sure for how long this situation will last but at some point they will have to let business to open their doors.

Well the scientist says that the vaccine will be invented 1 year ahead and that's being too overly optimistic and skipping many procedure which might create another problem in the future if the research didn't go smoothly. Before the pandemic ends, I'm worried that the economy across the world will be severely affected and trigger chaos.

leyton11

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Quote from: Wysi on March 16, 2020, 03:51:15 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?

This also depends on our sense of isolation. The United States and Italy and Spain are among the highest infected countries in the world and the reason is that they are too subjective to this virus. Because of its contagious nature, the economy seems to have to shut down and wait for disease control to become tighter. I think this epidemic situation is becoming more and more tense and we should be conscious of ourselves at home so the virus is not raging anymore. Stay at home and follow the orders of the government, your country will recover quickly.

azmirihaque

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COVID-19, a name of danger, has broken down the world economy. We are very hopeless that no antidote has been invented yet though scientists are trying their best to give a good result as soon as possible. But is a matter of great regret that Corona has already isolated the world from the business world. Still we are unable to say when this isolated economy will be integrated but we can say that we are going to face a world recession very soon....

abhiseshakana

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Quote from: aioc on April 17, 2020, 07:51:28 AM

One year without finding a cure and we all going to feel a recession and a crash of the economy, right now the International Monetary Fund has released huge funds to countries which have been damaged by the Corona Virus, so many businesses, and companies are going bankrupt now and many workers are losing their job.

Researchers from Brazil have found a drug that is claimed to cure corona 100%, namely treatment with a combination of hydroxychloroquine with macrolide antibiotic Azithromycin. But if treated with Hydroxychloroquine alone without a combination, the cure rate is only 57%.
https://www.paho.org/journal/sites/default/files/2020-03/40-20-249-Rosa-prelim.pdf

China has also found a new drug that has been registered for corona, Carrimycin. China is also currently in the process of producing a corona vaccine. Two researchers in China reportedly found two types of vaccines for Covid-19. One is in phase two, while the other has completed stage two, stage three will be skipped because its function is only as a safeguard by comparing vaccines with other vaccines for the same disease.
https://www.aljazeera.com/news/2020/04/china-approves-coronavirus-vaccines-human-trials-200414083310079.html

Many state economists today are Keynesian. Though this theory is ancient. Always thinking that all must be resolved with debt with foreign direct investment. Though many ways that can be a solution other than debt.

Subbir

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Quote from: ?? on ??

I have friends with resturants and coffe shops.. all of them have families and bank credits and don't know what to do.. This virus will broke them

The virus has put every human in great danger they're spending tons of human days Not all restaurants and occasional shops face much harm Everything else is closed declaration how other things are getting to be there. The economies of all countries of the planet are at a loss.

denzkilim

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Quote from: Naida_BR on April 15, 2020, 02:08:29 AM

Quote from: lepbagong on April 15, 2020, 12:19:51 AM

Quote from: Subbir on April 14, 2020, 10:54:31 PM

You are right that a lot of of Coroner's business economics has been hit but the labor is that the most affected they're locked down due to the virus but the workers aren't getting their fair price and salary that's how they're getting to work. Their responsibility should be taken by the govt the govt isn't taking any action during this situation.

agree strongly that the labor sector is devastated because of the lockdown, so they cannot work. big companies may not be so hit, but the garment industry and the like are certainly very hard hit. which resulted in salary can not be given because the company has no income and if it continues long enough it is feared that there will be termination of employment with employees. not all countries have bailouts to pay workers without wages, if a country with a large economy might be able to do it, not with developing countries. I hope that the Epidemic Corona can be handled immediately and the world economy can return to running well.

Some governments are giving some benefits to the labor sector.
They are giving some money to the workers that are staying home and they cannot go to their workplace. I don't think that this measure is a good one at least it is a help - temporary solution.

In my country, the government is also giving away financial supports to those people who already lost their jobs because of the pandemic but the problems are the corrupt public officials in every city that takes advantage of anything that has a connection with money and only a few families receive the help from these corrupt public officials. If only Crypto Currency is known by most of the people, the funds could go directly from the beneficiaries' wallet and the corruption might stop.

Averim

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Quote from: Wysi on March 16, 2020, 03:51:15 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?

The results of this virus will have couple of digits after trillion of dollars. At this point nobody know for sure for how long this situation will last but at some point they will have to let business to open their doors.

fortunecrypto

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Quote from: ?? on ??

I have friends with resturants and coffe shops.. all of them have families and bank credits and don't know what to do.. This virus will broke them

This is just two of the industries that was killed and still being killed by this pandemic, another one is the computer shop and the gambling casinos and those business where no social distancing is involve the big one is the public transportation, here in our country no bus or public transportation is moving.

super bako

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Quote from: CHENIEN on April 17, 2020, 07:12:57 AM

During this pandemic many digital farm is failed to operate followed by cryptocurrency markets have known also hit by lockdown system until this month of april so it's obviously not only covid-19 is the reasons of downful of different kinds of coins price, it is also because of stay at home project by the government to prevent lost of lives so it's better to accept and stay.

may not fail friends. just with this condition they are paused because of the current bad situation. With this kind of economic and business crisis in any country slowing down, some countries also anticipate the situation in various ways, and I think it is very difficult for the country small virus affected by this to restore the economy and all fields of business. I think this virus is still a long time on earth. Because you have not found a cure for it?

Sanitough

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Quote from: ?? on ??

Coronavirus is just a reason for the popping up of already inflating economy and we haven't seen any big bear market since the 2008 crash and many were expecting for slowdown or crash in the market so if it is not COVID 19 virus then it would have been some other thing which would have caused this crash and economic slowdown. Yes many business are affected and it may also sustain for a year as it might lead to a recession

It this will take longer, poor countries will struggle, if all their resources will be consume, that will lead them to big debt as they will eventually borrow money, and big banks from big countries who have good economy now will take advantage by maybe giving big interest.

it's really bad for all of us, even USA now is struggling, so how much more the poor countries.

Corono killed the economy and that gives a threat for crypto as well.

aioc

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Quote from: ?? on ??

Coronavirus is just a reason for the popping up of already inflating economy and we haven't seen any big bear market since the 2008 crash and many were expecting for slowdown or crash in the market so if it is not COVID 19 virus then it would have been some other thing which would have caused this crash and economic slowdown. Yes many business are affected and it may also sustain for a year as it might lead to a recession

One year without finding a cure and we all going to feel a recession and a crash of the economy, right now the International Monetary Fund has released huge funds to countries which have been damaged by the Corona Virus, so many businesses, and companies are going bankrupt now and many workers are losing their job.

CHENIEN

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During this pandemic many digital farm is failed to operate followed by cryptocurrency markets have known also hit by lockdown system until this month of april so it's obviously not only covid-19 is the reasons of downful of different kinds of coins price, it is also because of stay at home project by the government to prevent lost of lives so it's better to accept and stay.

Janation

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Quote from: bakasabo on April 14, 2020, 01:54:57 PM

Quote from: Janation on April 14, 2020, 04:18:19 AM

Quote from: bakasabo on April 13, 2020, 02:07:46 PM

I was wondering how your country fight with economy fall?

I've noticed that in my country it has become popular to make free delivery or to drive to you for free, to offer services. It is common for restaurants or huge food stores, electronics internet shops to make free delivery. Now bookstores make free delivery. Local small clothes shops make delivery - you simply tell them what you need and they deliver you cloches for try on. I was shocked that shoes repair now drive to collect your shoes and bring them back fixed next day.

Those things you've said are not treated by this people as a way to fight for the falling economy, it is just a way for them to earn a profit despite the lockdown.

Actually "these people" offer discounts and havent increased price. Their main goal is not to earn profit, but to survive or work will less losses.
That is why I've wrote that this free delivery is offered not by huge chain of shops, but by local small shops.

I doubt that old grandpa that sells honey in 300ml/500ml/1 litre jars doesnt charge for delivery and only thinks about extra profit...

You misinterpreted it but that's what Im saying.

Discounts or not they are still earning a profit out of it. They are just considering the fact that we are in an echanced community quarantine and also considering the positions of theor costumers. They can't get out so obviously the solution is to deliver it in their houses. Survive with less losses means they are also earning, and that is their profit. That is what Im saying. It is true that they are helping people but at time like these, they can just stay idle in their houses with their families and their employees' family suffering.

Topic: Corona has killed economy of many businesses - page 8. (Read 3459 times)