Topic: Economy after COVID-19 - page 16. (Read 9008 times)

This is ridiculous logic. I normally spend most of my time between Singapore and India. The former can be described as a developed nation, while the latter is a part of the third world. Singapore is doing pretty well despite the pandemic. There was no large scale loss of jobs, and the economy is doing pretty well. On the other hand, the middle-class and lower-class in India is the worst affected. They are barely surviving now. The government is handling the situation pretty well, and if that was not the case it would have been much worse in India.

Poor and undeveloped countries facing a lot of problems - this is a strong delusion. Countries that are poor and undeveloped will not experience such a strong influence as developed and rich countries. Let me explain. Poor and undeveloped countries did not have and do not have high indicators of income, life, and economy. Therefore, pandemics, in fact, there is almost nothing to destroy, they, excuse me, live their whole life at the very bottom of society. You can rob a rich man who owns something, but you cannot rob a poor man who has nothing.
And excuse the cynicism - but the reduction of the part of the population for such countries will be a kind of "relief", because mostly old, chronically ill people who are the basis of the social load on the state budget and on the budget of families where these people live will die... Yes, it sounds very harsh, but this is the real "mathematics of life"

Our lives have changed a lot during this pandemic. We have adopted many new situations. But at this moment we are facing economical crisis more than any problems. Not just a few countries but the whole world is facing the same problem.
Global stock market crashed and it's not good news for traders and investors. Asian Development Bank derives that the global economy could lose between $5.8 trillion and $8.8 trillion equivalent to 6.4 per cent to 9.7 per cent of the global gross domestic product.
Now the question arises what will happen after Covid-19. Because of this pandemic many people lost their jobs. Economy shrank a lot. Poor and undeveloped countries facing a lot of problems. It's extremely bad news that recovery of the economy will be very tough after Covid-19. Recovery will be vulnerable for most of the countries. Next waves of Covid-19 will be more dangerous and it will crash the economy more than previous. Industries will take a long time to recover as their production is falling down at this moment.
So, economy after Covid-19 will be devastating and it will take a lot of time to recover.

I dont think so,I think that only the buying system has changed, not more to the physical store.  Offices and commercial real estate will continue to sell because even if the dominant business goes online, a physical store is also needed.  Even though times will change to completely online, there will still be people who prefer to shop offline and go to stores.  Those who sell only via offline will adapt and follow online trends, such as offline department stores which currently also provide online services.  Is the mall going to close because it is online, I'm sure, not.  Because there will still be people who want to spend some time shopping time and hangout.

The outbreak of COVID-19 pandemic is an unprecedented shock to the World economy.Many emerging and developing economies were already experiencing weaker growth before this crisis; the shock of COVID-19 now makes the challenges these economies face even harder. Economy after Covid-19 may change up with changed lifestyle, purchasing behavior and way of doing business through new interfaces.

When they talk about the ongoing transformation of the economy, they overlook one factor: that this is all happening because of the pandemic, which will not continue indefinitely and will eventually end. All formed positions before the epidemic existed for a reason, respectively, everything will come back after the pandemic. Commercial real estate and office space will not go away, and when the owners reduce their financial appetites, the tenants will gradually return back. Also about the delivery service, if it is more convenient for someone to overpay, but to receive goods at home, then this is good. But there will still be customers who better come to the store or delivery point and get there saving money.

With the ever-increasing need for social distancing, people are recurring to online payments and e-commerce sites. The longer it takes to find a cure for the disease, the faster our world will change economically. During the pandemic, people will be using credit/debit cards more than physical cash itself. It's no wonder since physical cash is known to carry germs and bacteria with them.

Now, imagine an scenario where the cure for COVID-19 have been found while people are directly attached to the online world. The economy might never be the same as before, since people will start to value intangible items over tangible ones more thoroughly. A world where everything is digitized or "tokenized" seems to be the economy of the future. By then, each country will have its own CBDC living alongside traditional cryptocurrencies we know and love today. China might be the first country to launch a CBDC, followed by the US and several other countries. The launch of government-backed digital currencies wasn't a subject that heavily touched by world leader before the pandemic. Now that coronavirus encourages social distancing, things will accelerate quite a bit in the development of CBDCs for the whole world to use.

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

The Bitcoin rally has nothing to do with the pandemic.

How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same?

Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.

With the negativity corona virus brought as this year still it showed positive adoption towards online payments and ecommerce wherein it paved a great part to us people who are stuck inside our houses. I believe we are still be using online payments if vaccine will finally out in the market and we will be gradually making our economy healthy.

The economy collapsed due to COVID-19 Bitcoin is growing based on its demand the epidemic did not break Bitcoin so if the whole world supports Bitcoin then its use of bitcoin investment will help improve the shattered economy. Banks will bring their transactions back to normal many traders will invest in Bitcoin through loans due to the increase in the price of bitcoin.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

The state of the economy after the collapse of COVID-19 is still difficult to predict. Of course, it is not easy to return the economy to its original state, there will be a slowdown in economic growth. Even though now many people transact with cryptocurrency, later the central bank will still run as usual.

Covid will definitely make adjustments to the economy and approaches to doing business. If we talk about doing business, there is clearly a trend towards the development of online services, delivery services for goods and food. There will clearly be a negative impact on offline retail. The demand for commercial real estate and office space rental will definitely fall, but the demand for sites for distribution centers for online services will grow ... In a word, we will have several years of a very strong transformation of the markets and services we are used to.

There will clearly be a negative impact on offline retail. The demand for commercial real estate and office space rental will definitely fall.