Topic: Economy after COVID-19 - page 12. (Read 9008 times)
Digital currency being a thing doesn't make cryptocurrencies being official for daily transaction, if everything started to be done online it might attract people to cryptocurrencies and be curious what is it and possibly invest but that's about it, online wallets in our country have started becoming a standard since the government proposed to use it but it doesn't relate to cryptocurrencies since the wallet only accepts our standard currency which is php, even foreign money doesn't apply. So basically even if were transacting online the economy is perfectly fine but more people are asking about cryptocurrencies which is a bit of benefit with people started using online wallet.
We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.
If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease?@Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority.
There is no proof that vaccines make it difficult for the body to produce antibodies naturally. Right now we don't have any other choice. Once the pandemic is controlled, there will be no need to vaccinate everyone. But that will take place only after at least one round of universal vaccination. More worrying is the fact that the virus is mutating now. South Asian countries are reporting more deaths because a "double-mutant" variant of the virus has been spreading among the population. We need to vaccinate everyone and contain the pandemic, before the virus mutates further and becomes more lethal.
We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.
Even worse, vaccine manufacturers like Pfizer and Moderna are already planning a third dose. At this pace, COVID-19 will take a lot longer to disappear from the face of the Earth. For the economy to recover full speed ahead, we need to reach herd immunity as soon as possible. Otherwise, things will never be normal again. Governments and companies should stop thinking about the economy and focus on doing what's best to put an end to the pandemic once and for all. As long as greed prevails, don't expect this to be over anytime soon. Who knows how the world's economy will look like post-pandemic?
Nonetheless, every pandemic brings revolution to our society. One would imagine that physical interaction will be a thing of the past in a post-COVID world. People will work, take classes, and even manage their finances all within the comfort of their home. The new economy will be completely digital, as fear of getting re-infected will dominate people's minds. It's something that was never previously imagined, but it's now being realized as the pandemic takes the world by storm. Let's hope all goes well in the long run with cooperative efforts from both governments and citizens alike. Just my opinion
It's really damaging , economy after covid 19, inflation everywhere, loss of business ,home , no fund to pay bill it really fustrating at this point hope we recovery from it especially for an average citizen in our country.
We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.
If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease?@Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority.
Nonetheless, what matters is people's health above all else. Governments should focus on putting people's health first instead of the economy. Only then, life could go back to normal. Vaccines are being distributed worldwide, so it should only be a matter of time before COVID-19 becomes endemic. The recovery of the economy will depend on governments' and citizens' efforts to shorten the lifespan of the disease as soon as possible. As long as everyone does its part, the economy after COVID-19 will blossom like never before. Just my opinion
We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.
It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.
China's economy increased to new heights even with COVID-19 in play. But the Yuan is still far from replacing the US Dollar as the world's next reserve currency. If China continues to grow, it could very well become the largest economy in the world. Right now, COVID-19 is changing our world at a fast pace. We're going to have to see what happens after the pandemic comes to an end. The longer it takes for COVID-19 to disappear, the longer it'll take for countries' economies to recover back to the way they were.
Nonetheless, what matters is people's health above all else. Governments should focus on putting people's health first instead of the economy. Only then, life could go back to normal. Vaccines are being distributed worldwide, so it should only be a matter of time before COVID-19 becomes endemic. The recovery of the economy will depend on governments' and citizens' efforts to shorten the lifespan of the disease as soon as possible. As long as everyone does its part, the economy after COVID-19 will blossom like never before. Just my opinion
recover? of course. slowly but sure, people will find how to survive in shaky place. its not about their own coin, they already have own method to protect their ppl. its about time, and how hard they fight this thing.
Not all developed countries though as the United States still suffering brought by Covid-19. In fact, they have money to purchase vaccines to eradicate the virus but still, they are one of the leading cases of COVID as of today. China, on the other hand, has already been settled down their cases so there's a chance that they might replace the United States as the leading economy. Therefore, no matter what position does countries are in whether it is developed or not they are struggling in this pandemic and it will take a lot of time for every each country to recover from this phenomenon.
I have already mentioned about this before. CoVID 19 is the best thing that could have ever happened to China. The economies around the world are sinking, but the Chinese economy is not just surviving but it is also thriving. On top of that, China has been the largest supplier of vaccines, with total sales amounting to hundreds of millions of doses. As per the official stats, only around 4000 people have died of CoVID 19 in China, while the same for the United States is more than 100 times higher.
The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.
The developed countries might be in a better position because they can produce more vaccines should reach herd immunity much faster than poorer countries. Israel for example has so much money that they just bought all the vaccines in the begging and are already back to a normal life. Eventually the whole world needs to recover. What we see is an rise in debt all around the world. So we probably need more stimulus packages to get the economy back on track.
Not all developed countries though as the United States still suffering brought by Covid-19. In fact, they have money to purchase vaccines to eradicate the virus but still, they are one of the leading cases of COVID as of today. China, on the other hand, has already been settled down their cases so there's a chance that they might replace the United States as the leading economy. Therefore, no matter what position does countries are in whether it is developed or not they are struggling in this pandemic and it will take a lot of time for every each country to recover from this phenomenon.
The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.
The developed countries might be in a better position because they can produce more vaccines should reach herd immunity much faster than poorer countries. Israel for example has so much money that they just bought all the vaccines in the begging and are already back to a normal life. Eventually the whole world needs to recover. What we see is an rise in debt all around the world. So we probably need more stimulus packages to get the economy back on track.
The economy will definitely improve but it will take a very long time to recover the economy for developing countries. However, it is different for those whose countries are developed they can certainly quickly overcome economic problems after the Covit 19 pandemic.
It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.
China has improved in its economic conditions. It could be because of the way they handle cases that occur. But unfortunately they are quite closed in the existing case data. We can't just believe the data, because in my country the Covid case was faked. So, this Pandemic is real or not, only the elites know. The casualties are real, but this pandemic could only be engineered to achieve certain goals by the elite.
The United States is the country whose economy's been mostly affected by the pandemic. The number of unemployed people seem to be on the rise as the COVID-19 disease brings fear to American citizens. The faster the US government takes action to put an end to the disease, the faster the American economy can recover. But if things go south, don't expect the American economy to rise from the ground anytime soon. If this happens, the US Dollar might lose its status as the reserve currency of the world. Imagine how the world will change if this happens.
A post-COVID economy might look a lot more different than we've previously imagined. My guess is that either the Chinese Yuan or the Euro will become the new reserve currency of the world after the fall of the US Dollar. Once the pandemic comes to an end, everything will shift into the digital realm. Both CBDCs and crypto will become the world's new economic system as paper money disappears from the face of the Earth. At least, there's light at the end of the tunnel. With vaccines in play, it shouldn't be long enough before COVID-19 becomes history as the world's economy recovers at a slow and steady rate. Just my thoughts
A post-COVID economy might look a lot more different than we've previously imagined. My guess is that either the Chinese Yuan or the Euro will become the new reserve currency of the world after the fall of the US Dollar. Once the pandemic comes to an end, everything will shift into the digital realm. Both CBDCs and crypto will become the world's new economic system as paper money disappears from the face of the Earth. At least, there's light at the end of the tunnel. With vaccines in play, it shouldn't be long enough before COVID-19 becomes history as the world's economy recovers at a slow and steady rate. Just my thoughts
It is true that the Chinese economy has benefitted enormously from this pandemic. The economy is back to normal levels in China, while in all the other countries, it is still in the recovery phase. But I don't expect any drastic change as of now, such as the Chinese Yuan replacing the US Dollar. China is still having strained relations with a lot of the countries (and the recent incidents in Hong Kong and Xinjiang has further exacerbated it). With Euro, it is another set of issues. The EU economy has been declining for quite some time now.
American economy is in a very bad state and things were made even worse by the pandemic. Let's not forget the fact that US was the country which was worst affected from the pandemic. It has reported the maximum number of infections (31,496,976) and the maximum number of deaths (569,282) for any country in the world. And if they start new wars in between this pandemic, then that will result in an economic meltdown (not just in the US, but around the world).
The United States is the country whose economy's been mostly affected by the pandemic. The number of unemployed people seem to be on the rise as the COVID-19 disease brings fear to American citizens. The faster the US government takes action to put an end to the disease, the faster the American economy can recover. But if things go south, don't expect the American economy to rise from the ground anytime soon. If this happens, the US Dollar might lose its status as the reserve currency of the world. Imagine how the world will change if this happens.
A post-COVID economy might look a lot more different than we've previously imagined. My guess is that either the Chinese Yuan or the Euro will become the new reserve currency of the world after the fall of the US Dollar. Once the pandemic comes to an end, everything will shift into the digital realm. Both CBDCs and crypto will become the world's new economic system as paper money disappears from the face of the Earth. At least, there's light at the end of the tunnel. With vaccines in play, it shouldn't be long enough before COVID-19 becomes history as the world's economy recovers at a slow and steady rate. Just my thoughts
I doubt that places like USA could ever become any worse. They are already doing many things wrong, they are already a failing economy and one of the biggest failing economies in the world as well because when Venezuela becomes a bad economy, they weren't big huge in the world beforehand neither and when they crash it never really hurt anyone whereas when USA becomes worse and worse that is really bad for the whole world.
But you know what happens, they just go attack a nation and get their money, or they just print money and generally they just do whatever they want and still claim they are doing fine and the whole world has to accept because we are all tied to dollar and they are too big to fail so if we allow them to fail we are going to fail with them as well.
But you know what happens, they just go attack a nation and get their money, or they just print money and generally they just do whatever they want and still claim they are doing fine and the whole world has to accept because we are all tied to dollar and they are too big to fail so if we allow them to fail we are going to fail with them as well.
American economy is in a very bad state and things were made even worse by the pandemic. Let's not forget the fact that US was the country which was worst affected from the pandemic. It has reported the maximum number of infections (31,496,976) and the maximum number of deaths (569,282) for any country in the world. And if they start new wars in between this pandemic, then that will result in an economic meltdown (not just in the US, but around the world).
I think the economy after this world pandemic covid19 will sinking because a lot of establishment closed because they forbid to operate that's why many people loss their job and suffered.
People today are very ignorant of their health and what I see the cause is a psychological condition that is fed up with the continuous spread of the virus but the economic condition is deteriorating with all forms of social restrictions. People now think more about their guts than they are afraid of an invisible virus. I also sometimes do the same thing. With the news that the virus is mutating and growing, it is even stronger than before. As if there was no end, even the inflation was looming before the eyes. And what needs to be prepared is asset insurance assets to mitigate the risks that will be faced in the future.
Couldn't agree more with you, mate. It's people's actions which has caused the pandemic to worsen over time. If everyone worked together to stop the spread of COVID-19, we would be headed to a normal life faster than you could've ever imagined. But the carelessness of people will only delay the path towards a full recovery. My guess is that the economy will continue to sink until COVID-19 disappears from the face of the Earth. After that, we should see a gradual recovery of the mainstream economy. A post-COVID economy could be directly linked to digital payments than anything else. Both CBDCs (Central Bank Digital Currencies) and crypto will live alongside each other for years to come.
Nonetheless, time will tell us what radical transformation COVID-19 will bring to the world as infections continue to rise like never before. If COVID-19 becomes "uncontrollable", then we might be headed towards an era of full automation powered by AI and Blockchain technology. Our economy will depend on bots, as these machines will replace most human jobs in the future. Who knows what will happen after the crisis is over? Just my thoughts
The virus has had many effects on life and economy. Mostly, cafes and restaurants. Business areas that serve people in general have suffered
Service will be the most affected industry, according to my own country's statistics, tourism, restaurants and hotels have the highest rate of affected workers that cause unemployment. Inflation also entails other professions. Food, food, oil prices continue to increase, making economic life become arid. Even the stock-class insurance fell. Bitcoin and cryptocurrencies along with stimulating cash flows are benefiting greatly from covid 19. A highly anticipated large cash flow conversion, real estate, gold or bitcoin. we have the proof!
But you know what happens, they just go attack a nation and get their money, or they just print money and generally they just do whatever they want and still claim they are doing fine and the whole world has to accept because we are all tied to dollar and they are too big to fail so if we allow them to fail we are going to fail with them as well.
It would slowly recover. But for affected businesses like airline and travel companies, amusement and tourist attractions, etc., it would take them a very long while to recover because of prolonged shutdown in their businesses, especially those employees who were being included in massive layoffs. I really felt for them, but that’s how it is. Life must go on, and they need to find alternatives that would make them a living.
Until now, the cases of layoffs are very high, I feel that the world is still not recovering and it is still very hard to face the crisis due to the pandemic. It is not only the health burden that is currently depressed, but especially the economy.
Maybe next year we will recover as long as no new virus will come in to cause another panic.
The vaccine is already available, there's no reason not to allow mass gathering or getting back to normal, and with that happening, I guess recovery will be fast and people would not be wearing mask anymore, hopefully.
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The demos are everywhere because they think these are just engineered conditions.
But it's not proven, just an speculation. Jump to: