Economy after COVID-19 | Bitcointalksearch.org

Sithara007

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Quote from: bitzizzix on July 26, 2021, 09:56:31 AM

~~~
Although vaccination continues to be carried out but does not reduce the number of infected, the government must be really serious about eradicating the virus from the face of this earth.

Vaccination has so far proven effective (although I would not say the same about the Chinese vaccines such as Sinovac and Sniopharm). In the United States, now almost all the deaths are being reported from the unvaccinated population (only around 50% is fully vaccinated there). And in the United Kingdom, although more than 60% were vaccinated, the delta variant has caused a spike in infections. But thanks to the vaccine, the mortality has remained close to zero. That is not the case in countries such as Indonesia, which used the Chinese vaccine. They continue to see a sharp rise in new infections and deaths.

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Quote from: Sithara007 on July 21, 2021, 11:30:39 PM

That doesn't mean that the current bunch of vaccines are completely ineffective against the Delta variant. Here in India, a recent study showed that both the vaccines that are being used (Covishield/AstraZeneca and Covaxin) have more than 80% efficacy against the Delta strain. But the bad news is that in a country of 1.4 billion, the chance of the remaining 20% getting infected would translate to tens of millions of deaths. And not everyone have reacted positively to the vaccination campaign. There are still a lot of people who refuse to take the vaccines.

Anti-vaxxers will make matters worse, prolonging the lifespan of COVID-19 worldwide. There are rumors that pharmaceutical companies will launch a third vaccine dose that will protect people against new variants. That's odd considering that previous studies have shown current vaccines' effectiveness against COVID-19 mutations. People don't know who to believe as both governments and companies say things according to their own interests.

As long as we have people who're against COVID vaccines, new strains will emerge making the pandemic worse over time. The economy will continue to sunk deeper until there's no room for recovery. Inflation will destroy the current monetary system, leaving us with only decentralized cryptocurrencies like Bitcoin and Ethereum. If banks fall because of the economic collapse provoked by COVID-19, then crypto would've finally won the "war" by eliminating the "middleman" for good. Just my thoughts Grin

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Quote from: oHnK on July 25, 2021, 12:09:51 PM

Quote from: 19Nov16 on July 25, 2021, 12:02:00 AM

Quote from: zanezane on July 23, 2021, 11:50:45 PM

Quote from: ?? on ??

World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.

It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Many countries have recovered from Covid, and I am happy because my country is also showing signs of recovery, the most important thing to recover is the people's compliance with government rules, I am sure in a year the economy will improve soon.

You have to be grateful because of that, in my country the amount of cases is always increase day by day. Now, the government implement semi lockdown policy until 3 august and this really hurts every sectors, and the Massive unemployment will occur soonly. Industry and non essential are limited by the policy. There is no win win solution for us.

Very lucky for a country that is free from Covid-19 or there has been a significant development in the decline in the number of infected, in the country where I live the number of infected continues to increase and continues to spread to remote areas and almost evenly and is very detrimental to many parties.
and currently being implemented restrictions on community activities in all shopping centers, shops, factories and almost all activities are temporarily suspended and restrictions in regional areas and so on, and are very detrimental to the economy in all sectors, temporary layoffs that make individuals difficult in the economy.
Although vaccination continues to be carried out but does not reduce the number of infected, the government must be really serious about eradicating the virus from the face of this earth.

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Since all are now free from lock down, people are able to get back to their normal business and works which really brings back to normal life. Everyone has really seen a crisis during pandemic in terms of money. Those who were completely depend on their small business, were really out of money during lock down. It was really pathetic to see. But those who were on regular work like guys from IT sectors, were not experiencing such issues. Thanks god to see the issue has come down slowly.

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Quote from: 19Nov16 on July 25, 2021, 12:02:00 AM

Quote from: zanezane on July 23, 2021, 11:50:45 PM

Quote from: ?? on ??

World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.

It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Many countries have recovered from Covid, and I am happy because my country is also showing signs of recovery, the most important thing to recover is the people's compliance with government rules, I am sure in a year the economy will improve soon.

Those people that are in countries that are already recovered from COVID-19 are very lucky because they already recovered from this situation we are facing right now. Many are dying every day and some countries can't really handle those situations and some politicians are taking advantage of the situation by being a capitalist. I hope that most of the government are making an actions to solve this problem especially in the third world countries because I guess they're the countries that is suffering a lot in this pandemic.

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Quote from: 19Nov16 on July 25, 2021, 12:02:00 AM

Quote from: zanezane on July 23, 2021, 11:50:45 PM

Quote from: ?? on ??

World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.

It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Many countries have recovered from Covid, and I am happy because my country is also showing signs of recovery, the most important thing to recover is the people's compliance with government rules, I am sure in a year the economy will improve soon.

You have to be grateful because of that, in my country the amount of cases is always increase day by day. Now, the government implement semi lockdown policy until 3 august and this really hurts every sectors, and the Massive unemployment will occur soonly. Industry and non essential are limited by the policy. There is no win win solution for us.

19Nov16

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Quote from: zanezane on July 23, 2021, 11:50:45 PM

Quote from: ?? on ??

World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.

It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Many countries have recovered from Covid, and I am happy because my country is also showing signs of recovery, the most important thing to recover is the people's compliance with government rules, I am sure in a year the economy will improve soon.

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Quote from: Sithara007 on July 23, 2021, 11:30:47 PM

Quote from: ?? on ??

globally, all countries began to clean up in every way. we can see the Olympics in Japan today, where the big events are starting to run again. only a few countries are still at war with covid in this second wave, of course we are faced with new habits at this time, with strict health protocols to organize such a big event, and with this it shows the economy is starting to improve too with a new culture

Well.. this is strange. You are making this argument, when the number of cases are on the rise once again. Countries such as Indonesia are reporting more than 1,000 deaths per day (1,566 was yesterday's figure in Indonesia). The United Kingdom (which has one of the highest vaccination rates) reported a total of 36,389 cases yesterday. Brazil, despite the progress made in inoculation has reported 1,286 deaths. Even the US reported 428 deaths yesterday. Situation remains critical in most of the other countries such as Russia, Argentina and Colombia.

Not only this but many major metro areas of the US are bracing for a surge of new COVID cases in the next couple weeks. The data shows the coming surge and hospitals in places like St. Louis are expecting to be back at capacity. As of July, cases are rising in every single US state, some quite dramatically, but the projections are showing what's coming and it's going to get worse.

https://www.nbcnews.com/news/us-news/tracking-coronavirus-case-surges-states-across-country-winter-n1247103

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Quote from: ?? on ??

World fully victimed and coronavirus pandemic situations still have affected. So world economic conditions becoming worse and out of control. Some countries already taken actions against economic impact.

It's not like the damage would stay forever, you already said it, that the countries are taking actions to help with alleviating the impact of the pandemic. I think that as the world recovers from the pandemic, we will see countries from slowly recovering from the damages.

Sithara007

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Quote from: ?? on ??

globally, all countries began to clean up in every way. we can see the Olympics in Japan today, where the big events are starting to run again. only a few countries are still at war with covid in this second wave, of course we are faced with new habits at this time, with strict health protocols to organize such a big event, and with this it shows the economy is starting to improve too with a new culture

Well.. this is strange. You are making this argument, when the number of cases are on the rise once again. Countries such as Indonesia are reporting more than 1,000 deaths per day (1,566 was yesterday's figure in Indonesia). The United Kingdom (which has one of the highest vaccination rates) reported a total of 36,389 cases yesterday. Brazil, despite the progress made in inoculation has reported 1,286 deaths. Even the US reported 428 deaths yesterday. Situation remains critical in most of the other countries such as Russia, Argentina and Colombia.

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Quote from: ?? on ??

globally, all countries began to clean up in every way. we can see the Olympics in Japan today, where the big events are starting to run again. only a few countries are still at war with covid in this second wave, of course we are faced with new habits at this time, with strict health protocols to organize such a big event, and with this it shows the economy is starting to improve too with a new culture

Most countries have been able to deal with COVID-19 well and it has been proven that the transmission cases are also starting to decrease.
in addition, major sporting events have also been held such as EURO 2020 and this time the Olympics in Japan are currently underway,
so with that of course there is hope for the future and hopefully everything can return to normal and the economy recovers

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Hoping that after this pandemic or Covid-19 our economy will be okay an stable so that we can lived back in a normal life as all they wanted in everyone's after this pandemic time. More people wanted and praying that Covid -19 will fully desappear someday so that the bread winner of the family can also find a stable jobs cause more employee worries about no work no pay so they can not support in everyday needs and Foods for their families.

Everyone's wanted after Covid-19 that our economy will back into normal status.

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Quote from: raiblock on July 22, 2021, 05:17:30 AM

Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%. Setting aside the contraction last year, this would be the slowest pace of expansion in two decades.
The group’s output level in 2022 is projected to be 4.9% (according to World Bank) lower than pre-pandemic projections.

Fragile and conflict-affected low-income economies have been the hardest hit by the pandemic, and per capita income gains have been set back by at least a decade.

the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.

Conditions affected by this pandemic continue to get worse not only from a health perspective but also from an economic perspective. Estimates of economists in the US, next year's inflation in the country will be higher than the previous year, with high inflation it becomes very reasonable for them to implement a policy of tapering off or tightening qe. This is to avoid a bigger impact. Even in my country a semi-lockdown policy is applied with various terms. From "PSBB" to "PPKM". My country is quite chaotic, even the workers' groups say that if this continues, there will be massive layoffs.

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Quote from: raiblock on July 22, 2021, 05:17:30 AM

Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%.
~~~

Vaccines are in short supply at the moment. Developed nations have achieved a vaccination rate of 50% to 80%. On the other hand, the global average is just 13.3% (for full vaccination). For most of the third world nations, the percentage of individuals who have been fully vaccinated stand at 1%-2%. And even more worryingly, the developed nations have mostly used vaccines from Sinovac, Sinopharm and AstraZeneca, while the developed nations are using the more effective vaccines from Pfizer, Janssen and Moderna.

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Among low-income economies, where vaccination has lagged, growth has been revised lower to 2.9%. Setting aside the contraction last year, this would be the slowest pace of expansion in two decades.
The group’s output level in 2022 is projected to be 4.9% (according to World Bank) lower than pre-pandemic projections.

Fragile and conflict-affected low-income economies have been the hardest hit by the pandemic, and per capita income gains have been set back by at least a decade.

the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.

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No matter what the economy is, it will recover. During the epidemic, many people work at home because they don’t have a job, and then they know about cryptocurrency, because they can make money here. The demand for currency has risen, and the encrypted economy has gradually risen. Although Bitcoin is now a bit down due to certain circumstances, I think the economy will rise to its peak when the pandemic is completely over.

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Quote from: Sithara007 on July 21, 2021, 11:30:39 PM

Quote from: Abiky on July 21, 2021, 09:43:23 PM

That's certainly true, mate. Current vaccines are no match for the new Delta strain (despite Pfizer and Moderna telling otherwise). A third dose would be required to prevent people from getting infected with the Delta variant. At the pace we're going, it seems that the economy will take a very long time to recover back to the way it was. Governments easing restrictions will have little to no effect over the economy if most of the population is infected. Health should be prioritized first so that money could start flowing again. How long will the world suffer from COVID-19 is a mystery. The more individuals and governments work together, the faster we'll be able to "tackle" the pandemic. I hope we see the light at the end of the tunnel with the last vaccine dose (and antidote/cure) that will be provten the most effective against all COVID-19 variants. Just my thoughts Grin

That doesn't mean that the current bunch of vaccines are completely ineffective against the Delta variant. Here in India, a recent study showed that both the vaccines that are being used (Covishield/AstraZeneca and Covaxin) have more than 80% efficacy against the Delta strain. But the bad news is that in a country of 1.4 billion, the chance of the remaining 20% getting infected would translate to tens of millions of deaths. And not everyone have reacted positively to the vaccination campaign. There are still a lot of people who refuse to take the vaccines.

It is true that not everyone is willing to receive vaccines, as is the case in my country. Maybe this is because there is a lot of news that some people die after 1 day of being vaccinated. This is what our citizens have ordered, if it happens the government is not responsible and this is also a cause for anxiety even though many people also feel that after the vaccine nothing happens. Maybe the medical staff should be more observant about the condition of the recipient of the vaccine..they should be more open if one's body is not strong against vaccines so that the death rate can be reduced.

sometimes the person who will be vaccinated is also dishonest with the vaccine officer, maybe he has a history of an unspecified disease, so that after being vaccinated he has a negative reaction to the body. In my country too many people do not want to be vaccinated for various reasons, but this can actually hinder the government's work without them knowing it

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It is true that not everyone is willing to receive vaccines, as is the case in my country. Maybe this is because there is a lot of news that some people die after 1 day of being vaccinated. This is what our citizens have ordered, if it happens the government is not responsible and this is also a cause for anxiety even though many people also feel that after the vaccine nothing happens. Maybe the medical staff should be more observant about the condition of the recipient of the vaccine..they should be more open if one's body is not strong against vaccines so that the death rate can be reduced.

Some people with criminal mindset are spreading such unsubstantiated rumors. The governments have already published the data of people who faced adverse reaction as a result of vaccination. There were a handful of deaths after vaccination, but most of them were due to other causes. Till now 3.71 billion doses of the vaccine has been administered around the globe. Only a few hundred deaths have been reported (and even among them the vast majority may be due to comorbidities). IMO, those who are spreading these rumors must be arrested and charged with murder.

Sithara007

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Quote from: Abiky on July 21, 2021, 09:43:23 PM

That's certainly true, mate. Current vaccines are no match for the new Delta strain (despite Pfizer and Moderna telling otherwise). A third dose would be required to prevent people from getting infected with the Delta variant. At the pace we're going, it seems that the economy will take a very long time to recover back to the way it was. Governments easing restrictions will have little to no effect over the economy if most of the population is infected. Health should be prioritized first so that money could start flowing again. How long will the world suffer from COVID-19 is a mystery. The more individuals and governments work together, the faster we'll be able to "tackle" the pandemic. I hope we see the light at the end of the tunnel with the last vaccine dose (and antidote/cure) that will be provten the most effective against all COVID-19 variants. Just my thoughts Grin

That doesn't mean that the current bunch of vaccines are completely ineffective against the Delta variant. Here in India, a recent study showed that both the vaccines that are being used (Covishield/AstraZeneca and Covaxin) have more than 80% efficacy against the Delta strain. But the bad news is that in a country of 1.4 billion, the chance of the remaining 20% getting infected would translate to tens of millions of deaths. And not everyone have reacted positively to the vaccination campaign. There are still a lot of people who refuse to take the vaccines.

Abiky

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Quote from: Vishnu.Reang on July 20, 2021, 09:32:07 AM

People are getting more complacent, and the governments have also relaxed most of the restrictions. For example, UK has removed most of the restrictions despite the fact that the number of new infections now stand at around 50,000 per day (higher than the figure reported from India yesterday). There is a misconception that two doses of the vaccine can protect you from COVID 19. That is not the case, especially with the less effective vaccines such as AstraZeneca, Sinovac and Sinopharm. And the efficacy is further reduced by the emergence of new strains such as Delta.

That's certainly true, mate. Current vaccines are no match for the new Delta strain (despite Pfizer and Moderna telling otherwise). A third dose would be required to prevent people from getting infected with the Delta variant. At the pace we're going, it seems that the economy will take a very long time to recover back to the way it was. Governments easing restrictions will have little to no effect over the economy if most of the population is infected. Health should be prioritized first so that money could start flowing again. How long will the world suffer from COVID-19 is a mystery. The more individuals and governments work together, the faster we'll be able to "tackle" the pandemic. I hope we see the light at the end of the tunnel with the last vaccine dose (and antidote/cure) that will be provten the most effective against all COVID-19 variants. Just my thoughts Grin

Topic: Economy after COVID-19 (Read 8979 times)