Topic: Economy after COVID-19 - page 15. (Read 9008 times)

There will be some changes. When everything comes back to "normal" we will be left with habits from this period. I am guessing that many counries are going to keep some kind of online education. It can't replace traditional schools but it is always better if you can see lecture multiple times. Population will benefit from that.

Yes, cases are declining but it's said that we shouldn't be confident doing that. But with a continuous following of the health protocols, governments have no choice but to open borders yet still can consider which countries they'll be opening a business with. Vaccines are there but some reports said that it's showing some side effects and on both sides, we can't really be confident with all of those if it's still there or until the cases have been finally and officially dropped to the lowest.

Couldn't agree more with you, mate. Our lives will never be the same after the pandemic. It has marked our lives forever. The economy will work in a different way before COVID-19 took the world by storm. My guess is that everything will go digital as people practice social distancing. Digital payments will prevail in the new economy as it's a much cleaner solution than paper money. The sudden rise of crypto since the pandemic started, tells us that the economy is heading into a new future. Even some central banks have announced the launch of CBDCs (Central Bank Digital Currencies) with the hopes of phasing out paper money from existence. It's a whole new world out there where people work from their homes, get paid digitally, and interact with each other in a virtual manner.

Nonetheless, there's no denying that the economy will recover after COVID-19. How fast or how slow this will happen, will greatly depend on the pandemic's lifespan in the mainstream world. The longer it takes to for governments around the world to tackle the pandemic, the slower it'll be for the economy to recover back to the way it was originally. At least, we have some vaccines available which tells us that COVID-19 won't last forever. There's light at the end of the tunnel in these drastic times. With patience, we'll be able to live a normal life as COVID-19 becomes history. Just my thoughts

It looks like the government is trying to implement a population vaccination program,
and maybe in the near future it will be done soon,
but my question is whether everyone will get the vaccine or only a part of the population,
however this must be clear so that there is no confusion among the people

I would agree with this. The most populated countries such as India, China and Indonesia are lagging behind in vaccination. Unless the majority of the population in these countries are vaccinated, there will be no decrease in the number of new cases. Another question is for how long the immunity is going to last after the vaccine is administered. I have seen claims of 1 year to 6 year. It is important to know whether the actual effectiveness is at the upper end, or lower end of this figure. If it lasts for just 1 year, then I don't think that it is viable to inoculate the population with the same vaccine every 12 months. And the last factor is the emergence of new strains. I have already seen reports which claim that the new South African variant is resistant to most of the vaccines.

The trend towards opening borders will obviously increase, because judging by the experience of the previous year, the pandemic should begin to decline to more reasonable limits by the summer. Also, let's not forget that a new factor in the form of vaccination has begun to take effect, and we hope that at least subsequent vaccination of the population will allow us to avoid quarantine measures by the end of this year.

Here on my country where boarders is already opened and quarantine thing is becoming part of the new normal and it seems this covid is becoming that typical
sickness that we had like those influenza or any other contagious diseases that we had and people becoming less worried and you are right that infected person
on daily basis becomes lesser and lesser as day goes by and people and businesses are starting to re-open and going back to normal but of course
it do really follow up those health protocols which is understandable because we cant afford to have another lockdown due to this reason.

You must understand that vaccination will be effective if:
- at least 50% of the population of the largest and / or most densely populated countries will be vaccinated.
- if the vaccine will give at least 75 stable immunity to the virus
- Immunity will be long-term
- There will be no new strains of the virus that are not affected by existing vaccines

It is necessary to prepare for the fact that for another 2-3 years there will be severe restrictive measures associated with mutations of the virus, insufficient vaccination of the population, a lag in the development of vaccines against new strains of the virus

I've heard on the news that many countries are about to open their borders again or did they've done that already. With the most recent update, the addition of daily active cases is becoming lesser and I think we're into the flattening curve and hopefully that this will keep going.
Until we finally see the eradication of covid-19.

Economy after covid-19 will not look good, because it will take the government some years to recover the things covid-19 has damage in the country economy. No matter amount of money the government will budget to rival the economy back to as usual, it will not be easy taxes for  the country to meet up with.
 
Some firm are not yet resume production and some schools in the country which are also sources of financial to the government never resume too. Base on what the citizens are going through in the country because of the lockdown that took over one year,show that it will take the country to see anything positive after covid-19.

Technology is believed to be the spirit of digitization. Furthermore, digitization in various sectors could trigger economic recovery after the Covid-19 pandemic.

I wonder how they will vaccinate people who are being asked for money. in fact, I think that vaccination of citizens should be carried out at public expense, but in the countries of Central and Eastern Europe, people demand money for doses. I believe that due to the low poverty line in many countries, the virus will be very difficult to fight.

It is possible to step up vaccine production, if it is prioritized by the government. And you should take in to account the fact that some 181 million doses of the vaccine have been already administered till now, ever since the vaccination started around two months back. In US itself, more than 56 million doses have been administered. 23.3% of the population in the United Kingdom have received at least one shot, and the same is 45% for Israel, 11.4% for Chile, 43.5% for Seychelles and 48% for the UAE. So don't think that the vaccination is progressing at an extremely low pace.

As the pandemic virus is still there in our world, our economy gets suffered because of being lock down and all of the business has temporarily closed still we are fighting about economy  but I think economy is growing gradually.

I am already one hundred percent sure that our life will never be the same again. Much has changed, including the mentality of people. Half a year ago, no one could be forced to wear medical masks, but today they are already becoming fashionable.
Undoubtedly, if a truly workable vaccine is presented, then each government will try to acquire the right amount of injections to provide for all its citizens. But according to experts, almost the entire pharmaceutical industry will need to work very hard and will be able to provide every person with a vaccine in only 5 years. At least those vaccine samples that are available today have a very low level of trust in the society.

That's certainly true, mate. COVID-19 is still taking the lives of many people worldwide. The pandemic is not over yet, as new infections emerge at a fast pace. As long as this is the case, the economy will continue to sink deeper. It'll take decades before the mainstream economy recovers to the point it was before COVID-19. At least, several vaccines have begun distribution worldwide. After we reach herd immunity, most people will be able to return to their jobs. Only then, the economy will be able to recover itself at a slow and steady pace.

Nonetheless, COVID-19 has changed our lives and the economy in ways that were never imagined. There will be a new normal where the economy lives entirely in the digital realm. People will still practice social distancing as a precautionary measure to protect themselves from further diseases. Everything will be done remotely without any physical interaction whatsoever. That means, physical bank branches will cease to exist, as well as, physical stores/retailers, and paper money. A post-COVID economy will bring a new era of digitalization as we speak. Just my opinion

Most likely, I did not express my thought unambiguously, and I took India as an example incorrectly, India is not suitable for conveying the meaning that I wanted to convey. India is not a poor country. Although part of the population lives in poverty or below the poverty line. This situation is common in many countries. I meant really poor countries. For example Haiti, CAR, Congo, Liberia, Burundi, Malawi and the like.
Let me explain again - the poor countries that I am talking about and which I mean are countries where there is no significant or noticeable stratum of the middle class, or a class that has a regular, albeit not large income and is involved in production, private business, public service. , or the provision of services, a country where there is total poverty, where there is no noticeable consumer demand, and hence the movement of money. So it is for such countries that today's global problems have not affected the consumer market and the labor market. Just as the majority of the population did not have work - and it did not, as the turnover was minimal - it remained so, industrial production did not fall due to its absence. We have not lost our positions in the external market - because they never existed.

While some countries are doing lockdown again but your country is even ending social restrictions, it is extraordinary, because even in some countries the cases of Covid19 continue to increase because this pandemic has not ended. But yes, in the end the economic recovery will definitely be carried out because even during the pandemic the government continued to make efforts to keep the economy in some sectors running. Apart from that, there are a lot of efforts made by many people by utilizing any resource to make a profit, so this is also a big effort in the public sphere to overcome the economy.

I am optimistic that the economy after Covid 19 will recover. in my country the economy is getting better now after the government announced the end of social restrictions. So the main aspect in restoring the economy of a country is the freedom of public access and the economy back to life. it is the main key in restoring the economy in a country. I am sure all countries will be able to fight this difficult time

I am from India and you are talking absolute rubbish. I know a lot of people who are literally starving right now. These people were just surviving even before the pandemic, and now their situation is much worse. You never know their issues, until you step in to their shoes. I am relatively well off, and I consider myself lucky. I am getting my salary on time, and my expenses have actually seen a decline. That is not the case with the poor people. They are in a very hard position right now.

And I guess he mentioned "class" and not "caste".