Topic: Economy after COVID-19 - page 25. (Read 9008 times)

I believe our economy is going to be absolutely fine in 6-12 months if we won't see another quarantine in nearest future.
On the other hand if current situation will only get worse and we'll have to make another lockdown - we are going to face huge troubles

I agree with you that the economy will get worse after the epidemic experts say no one can say whether the country's economy, which has been hit by the epidemic will return to where it was in two or three years. The central banks have suffered a lot due to the downturn in the economy but again if miners increase their use it is possible but for this the government should be given more allocation in the economic sector.

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.

I am very positive that we will recover from this pandemic. As the effect is global, all of us are affected by this situation but just like any other pandemic that hit humanity before, we will rise from this situation. We always will. Just give it time, and soon we will get back on our feet. For now, just do what you can do at home to keep afloat in this crisis.

I am very positive that we will recover from this pandemic. As the effect is global, all of us are affected by this situation but just like any other pandemic that hit humanity before, we will rise from this situation. We always will. Just give it time, and soon we will get back on our feet. For now, just do what you can do at home to keep afloat in this crisis.

How do you think the economy will be after COVID-19's demise?

M
How do you think the economy will be after COVID-19's demise?

The problem though is that these rich countries are affected as well.

Also, don't forget that there are some 3rd world countries that flattened the curve in their country and already making plans or moves to regain their economy. Vietnam did well with the pandemic and they are already accepting tourists, they managed well the pandemic and that is really amazing.

Covid-19 Completely Crashed World Economy there is no doubt but & it's it won't be recover soon.Mostly will suffer 3rd world developing country.So there need little bit help from rich country.  Hopefully all ends up well for everyone.

If the corona virus ends, it is likely that the economy will recover, because one of the economic inhibiting factors has been lost. the existence of a crisis, or an outbreak will greatly impact the economy is real. as long as we follow the system, the presence of a central bank managed by the government will always be there. unless there is an example of a country that has successfully implemented a decentralized bank, there may be hopes that the central bank can be dissolved.

Agree. First things first. We'd need to focus on defeating COVID-19, before we'll be able to talk about a recovery of the world's economy. Health is much more important than Economics, in my own opinion. Once everyone is in good health, the economy can prosper. But, enabling the economy when there isn't a proper vaccine or cure against the coronavirus disease, will turn out to be disastrous in the long run. Most governments don't care about this, since they value the "economy" more than people's health. A good example of this is the United States, where several States have opened their economies with no turning back.

At this pace, we can say that it might take decades before the world's economy is fully recovered. Everything will depend on the people themselves, whenever they'd want to follow necessary precautions to avoid further spread of COVID-19 or not. If people aren't following guidelines to prevent contagion, COVID-19 will continue to have a negative impact over the economy. Let's hope we all see the light at the end of the tunnel, once a vaccine is released next year (hopefully). Just my thoughts

I have been checking the posts made in this thread... IMO, all this discussion about a recovery is useless. We can't talk about the recovery, unless we know when this pandemic is going to peak. There are alarming predictions given out by various experts. One such prediction claims that there will be 300,000 cases per day by the next month in my country (India). If that is the case, then there will be a complete economic collapse and there won't be any recovery for at least the next 5 to 10 years.

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 economy will recover gradually and the economic condition will be different in the future. When the covid-19 has changed every human's behavior from conventional than change become online based. We will be usual with cashless but i think the central banks will not collapse just because of the change. The central banks will be easier to release the cashless regulation for us in the future. As long as i know, in my country the central bank has planned the cashless regulation since several years ago but it has released yet. Nowdays, the covid-19 condition has educated society that the cashless regulation has many advantages and change their mindset automatically. So its so impossible if the central bank will collapse.

Market collapse happened already, there is no more "maybe it will fall so much that we will get to make a lot or profit later on thanks to it" situation left. I mean sure economy go higher eventually so there is no reason not to buy things, but you should have done it months ago when the price went down. Everything went down, and now everything is back over higher levels again.

So, I would say it is not really that weird for the price to be stagnant right now. Why? Because the fall and recovery already happened, what else could happen? You think another fall? Or another increase? I mean sure they could happen but there is no reason to be like that right now so the price is stagnant. We just have to wait and see what the next move will be like.

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.