Topic: Economy after COVID-19 - page 21. (Read 8979 times)

Many are now wondering what to do to prevent such situations from happening again.

I think our economy after COVID-19 Is slowly recovering If our Government they gonna do a better plans on how to recover our economy. Look at our economy now many companies are bankrupt many people lose their job and they desperate to have a job I wish after this pandemic our country and economy are slowly recovered

I think that we should not hope for a complete cure from covid-19 in the near future, because this is a question of mass vaccination, and this is purely organizational and technically difficult to solve in the next few months on a large scale, and it also depends on the conditions in the state itself, how the population is distributed.

If there's a complete cure for covid 19 in the mere future, the economy will soon rise again because right now due to pandemic the production rate of all products has been reduced that lead to lack of supply that cause a huge drop on our economy, and if the restrictions(social distancing, quarantine, lockdown and etc..) have been lifted the shortage of production rate will again increased due to increased in man power.
As for the banks I think they won't face any problem on that because they can easily change Fiat to digital or vise versa due to the help of the government and the society itself.

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.

Covid-19 is still spreading all over the world. For this reason, economy can't run properly. Some country can't perform well for their fragile economy system. Nothing to do but we have ti cope up with this. Vaccine is still in human trial and still we are hoping for the best to see the world in a new form like before. Then the economy will run properly and the world will recover soon to go back with the previous consequence. So it can be said that after covid-19, economy will be fully recovered for consequent surge of previous flow.

Masks are not that expensive. The cheapest ones are available from $0.20 onwards. So there is no truth in claiming that people are not buying masks, because they can't afford it. On top of that, a lot of governmental and non-governmental agencies are providing masks for free. Loss of jobs has been a major issue during this pandemic. But then, job losses happen all the time (although on a much smaller scale), and we need to be always prepared for it. We need to build up our savings, when we have the job.

Masks are not that expensive. The cheapest ones are available from $0.20 onwards. So there is no truth in claiming that people are not buying masks, because they can't afford it. On top of that, a lot of governmental and non-governmental agencies are providing masks for free. Loss of jobs has been a major issue during this pandemic. But then, job losses happen all the time (although on a much smaller scale), and we need to be always prepared for it. We need to build up our savings, when we have the job.

A person should still have a healthy body to work. If you understand the conditions when COVID comes, then the most affected are workers who have dropped out of work. They are forced to be unemployed because the economic conditions of many companies have experienced a drastic decline.

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.

We know that masks protect us from viruses, but eating can sustain us

This labor force slowly began to feel economic difficulties, so slowly began to need money and chose to eat instead of buying masks.
We know that masks protect us from viruses, but eating can sustain us

How come?
I mean there is a pretty big chance people won't have enough money to buy things apart from food and other basic stuff.
We all have to believe and hope for the best, but lets look into reality and it may occur ugly

In developing countries, many small and medium businesses are done from home such as the snack industry, the garment industry, the detergent making industry, the handicraft industry, the street food stalls, the cooking equipment manufacturing. Usually small and medium industries are not affected by the recession. But it is different when the corona pandemic occurs with the lockdown hitting the demand line reaching the street vendor sector.

In this corona condition, all parties are affected, but the most affected are the poor people who can only rely on direct government cash assistance and a helping hand from generous people. While the health industry is indeed the vanguard in the war against the corona pandemic, but the health sector is the sector that receives the most attention from the government and also volunteers at this time given the importance of this line to cover the dark episode of the pandemic.


After the corona ends, the form of the economy cannot be ascertained considering the predicted end of a pandemic. Because after all the pandemic is a burden on the state budget. Therefore many countries have begun to reopen their economies even though the corona pandemic fire has not yet ended. The longer the lockdown, the longer the market is closed, and the longer the activity ban is imposed, the passion and ability to consume will decrease. even though in the midst of the global supply chain breaking up, domestic consumption is the only mainstay of the government to turn the economy.

With this strategy, the government also hinted that economic reopening is not all back to where it was before the pandemic took place but there are a series of regulations that must be obeyed and the government surrenders to the community, following regulations in the hope of survivors or ignoring regulations with choices ending in death.

I don't think that vaccine will have any impact. Yesterday I was watching the statement from Dr. Robert Redfield, who is the head of the Centers for Disease Control and Prevention. He was saying that a vaccine won't be available to the general population before the third quarter of next year. So what are we going to do for the next 12 months? I believe that most of the countries and territories will be able to achieve herd immunity, long before any of the vaccines become available at the market.

How come?
I mean there is a pretty big chance people won't have enough money to buy things apart from food and other basic stuff.
We all have to believe and hope for the best, but lets look into reality and it may occur ugly

Agree, vaccine is the key to all of the economy crisis. Some are now stable but once another pandemic that is biologically related to COVID appeared, it will be another chaos. As long as there is a global economy crisis, it will not go back to the stable economy.

The effects of the epidemic are not over yet In that case Economy after COVID-19 is difficult to say at what stage the economy will go after COVID-19. The effects will not end until the vaccine is available control is actually increasing again. The virus is re-emerging in China after the virus the economy will improve a little but everything is starting anew to open everything.