Topic: Economy after COVID-19 - page 24. (Read 8979 times)

My country stands third in the world. By the time we've got low death rate compared to other countries in the list. Also the vaccination preperation were also going on partnering with different pharmaceutical companies in the global market. As of now the restrictions were getting loosen. Probably in month's time everyone will be asked to go on with their routine and take care of themselves if corona attacks.

Still not conclusion when covid 19 end then start new era with travelling to other country, today I am worry have out from my home because my country raise more than one hundred people get corona virus, I think every day raise up new covid 19 victim and government not have way how to stop corona virus and give better situation in my country.

Also it is difficult to judge the performance of the individuals working from home. You will never know if the person is really working from home or just passing his time on other work. It is difficult to create a working environment at home with kids and family always disturbing you while working.

Working remotely will also help the companies to reduce their cost. Previously if a company have 100 employees, they would have to rent a office to accommodate these 100 people but now they can rent a smaller office and keep 50% of the employees to work from home. Things will completely change after this covid19 pandemic.

Until now it still be doing online because the pandemic is still up to to present. This is why some of the economy had slowly to accept that covid19 is already there and wether we like it or not most of the economy now needs to recover and that by opening the establishments again. It may be worst but many were already gets affected by this and this is why the government had to open the economy again to survive.

Agree. Merchants will be forced to change their business models in order to participate in the new economy. The effects of COVID-19 in the mainstream world, will shift everything from the physical to the digital realm. If businesses want to stay ahead of the game, they'll need to accept digital payments more thoroughly without establishing a physical presence in the real world. Our economy will recover slowly but surely after the demise of COVID-19. But it'll never be the same it was before the outbreak. The Fourth Industrial Revolution will go full speed ahead thanks to the emergence of COVID-19. This means AI will eventually replace tasks performed by humans, while Blockchain will serve as the "Layer of Trust" for the digital economy and the world's supply chains. I think all of this will happen in a decade or two from now.

While central banks won't be going anywhere, they'll certainly benefit from a cashless society. They'll play a major part in our economy with the use of Blockchain technology. This is largely because a centralized distributed ledger will give said entities full control over people's money. That's not possible today since physical cash is still being used worldwide (giving people some level of anonymity). But with CBDCs in the new post-COVID economy, privacy will become a thing of the past. The transformation of the economy after COVID-19 will be quite astonishing, as governments and central banks gain greater dominance over mainstream finance like never before. Just my thoughts

The economy will recover based on the various sectors because a sector like hospitality will take a long long time to recover because they are hit the hardest be it restaurants or be it clubs, party house,etc and even travel industry is shaken to the roots because no one is going to travel as much as they used to before even once the pandemic ends because there will also be a fear of getting in touch with someone who is covid-19 positive in future. It might hurt us but the virus is going to remain forever even after the vaccine is found there will always be cases and overall cross border trades would be hit hard.

Apart from these sectors though there will be a decent normality once the virus is reduced or completely erased. More online businesses are being setup already so I feel the technology is going to be massive in coming years because everyone is going to work online and more researches will be made every day. Also the medical industry will be pretty good because all the focus in recent times has been on medical sector.

with foreign exchange reserves which should have been used for other purposes because of the pandemic, everything was diverted to overcome the pandemic. this will obviously affect a country's finances when a pandemic is over, if there is no assistance from an established country or loan assistance from the IMF.
to help the country's financial recovery quickly must be supported by large companies and all large sectors that produce finance, to immediately conduct activities so that tax revenues can cover foreign exchange reserves used.

Simultaneously we must continue to use digital in any transaction because this Covid-19 is still happening so this step will adopt greater digital technology applied in various regions including many currently using long distance transactions without non-cash.
I am sure that cash will not be deleted because that is the essence of all transactions, but I only believe that adoption now will be better after covid-19 is over.

I believe that some businesses will eventually die due to the adjustments and restrictions that have to be done due to the pandemic. Some businesses had made a lot of adjustments to be able to cope-up and to have their businesses survive. New forms of businesses emerged most of them are online, delivery services, and etc. which are convenient since most are locked-down or skeptic to go out due to the virus. The economy is not doomed, it will surely recover but in a slower phase.

The pandemic had taught us to be resourceful, creative, and be prepared for the worst-case scenario.

That's certainly true, mate. Like it or not, COVID-19 will leave a mark in our society that will last for a very long time. The economy will never be the same as it shifts from the physical to the digital world. Every job will be done in a remote fashion. The same applies to education, healthcare, and more. It won't be long enough before physical cash is phased out, paving the way for an entire cashless society in the not-so-distant future. For what it seems, everything is changing at a fast pace. Before you know it, the economy will gradually recover to its pre-COVID-19 levels. We just have to be patient in order to obtain good results in the future.

So far, the United States Dollar remains the reserve currency of the world. Despite the decline in the American economy, the USD is still going strong. A vaccine is expected to be released by 2021, giving the USA hope to see the "light at the end of the tunnel". Once people are in good health, we can focus on building a strong economy that will last for decades to come. Just my opinion

This is an extraordinary increase where digital money will work more widely in the community because it has been forced to use digital money transactions to avoid viruses and pandemics. Of course there are good things too, so that cryptocurrency will be more commonly known as transactions among the public.

My area for business has also begun in crypto finance but is currently still being studied as a more normal transaction and avoided Covid-19.

With that advantage for digital money, people who are afraid being infected of this virus will now force to learned how to work with digital money, it's really a good advantage to this industry including crypto, the more interest the more possibilities that more people will adopt this system,
lots of businesses and establishments to cater digital money including cryptocurrency.

   Now people see how safer is to use digital payments, because cash spread diseases. I agree with you Verita1, this is a positive
sign, people will be forced to use technology more, and to learn about technology, I am positive about that, this will lead them
to learn about the crypto-currencies and financial freedom they can achieve with crypto-currencies.

Apparently the economy will be more digital and it is positive to penetrate more spaces with bitcoin and cryptocurrencies. Definitively, traditional banking needs to implement reforms and adapt to the present.
The covid19 has allowed us to interact in our activities taking into account social distancing. Already the large corporations worldwide are working remotely, which indicates that technological developments will be in search of the digitized world.

Working remotely still not effective methods for some companies and business establishment because they can't monitor their employee and the time they will consume for working. After covid19 pandemic; economy will recover slowly until everything will go back to normal but it will need time.

Remote work is not very beneficial for large companies, since a lot of them are based on team building. It is difficult to build a close-knit team moving towards one goal if all of them are located remotely.

If it's not because of covid19, companies will have a long time before adopting the new set and phase of working which is to work at home. On the companies perspective, this isn't going to work at all because they can't monitor their employees but the adoption setting of work at home has proven them to be wrong. They have saved a lot of money for the facilities and time because their employees can work at the comfort of their homes while being productive. Their IT people can monitor their employees if they're working productively by just installing some monitoring and reports tools.

During the Covid-19 outbreak, many companies had the opportunity to experience different methods of working remotely. After the pandemic, we will see that working remotely has become more widely used, especially in the services sector. This experience can pave the way for large companies, especially in some departments, to purchase more services from the outside. Because of this reason many more people will doing online payments and use e-commerce sites.

We already seeing the economy slightly recover as businesses get back to new normal but we can’t denied the fact that some companies already shut down, projects got delayed and a lot of people don’t have work. There are some countries need to pay their debts which they loan at world banks in order to sustain the need of their people. There’s a possibility of lockdown in different areas where covid-19 continue to spread. It’s a good thing that cryptocurrency doesn’t hardly affected of this situation. The possibility of a second wave would happen if the covid-19 can’t contain.