Topic: Economy after COVID-19 - page 26. (Read 8979 times)

Economy might fall if this virus didnt vanish for longer time and not only that people will suffer too if they dont have money to spend for necessities while in lockdown. Now cashless/digital transactions are indemand to avoid going outside, it has effect to crypto as well due to users who newly discovered it. But this shall pass everything will be turn back to new normal once the vaccine is made. The economy can recover but it will take time.

Economy after covid will maybe fall, and maybe there will be a great posibility that the financial crisis may occur or takes its place, because people cannot go to thier work unemployment are really rising and we cannot really move in a normal way everything is limited. But we need to be patience and help the world fight crisis buy staying t home so that the pandemic will end and i believe that we will stand after this trials.

many countries get negative growth in their economy , and even IMF or world bank predicted world economy will delay alot and need long time recovered. if they still have no policy to drive economy activity , many people will get negative impact. most of them will be jobless and could not fullfilled daily need. covid will make our economy growth slowly.

COVID-19 it is very difficult to say what the economic of our country will be after that. It is very difficult to say what will happen to the economy of my country, not only Bangladesh but also in all the countries of the world which have been affected by this COVID-19.


All i can say is that after the death of COVID-19, it will take a long time for the economic situation of the country to become active.

Corona has become an explanation for terror within the world The countries are using lockdown as a tool to prevent it. As a result, economic activities are coming to a halt. As a result, the planet Economy Organization is seeing thunderstorms within the financial skies of the planet. The economic downturn is predicted to be long-term. it's been commented that the economy will take a worse shape after COVID-19. this is often because we don't skills difficult it'll be to affect the unemployment which will result from this outbreak. In fact, it's not yet clear what percentage of people are going to be unemployed. we do not even skill many many small and medium-sized businesses are already at a loss.

It is quite obvious the world is digitally switching, many have adopted the digital nature already and many are still in the process, after Covid-19 demise, the world will fully engage and adopt digital currencies as its benefits is seen now.

All i can say is that after the death of COVID-19, it will take a long time for the economic situation of the country to become active.

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 it is very difficult to say what the economic of our country will be after that. It is very difficult to say what will happen to the economy of my country, not only Bangladesh but also in all the countries of the world which have been affected by this COVID-19.
All i can say is that after the death of COVID-19, it will take a long time for the economic situation of the country to become active.

After Covid-19 continued to hit the world a few months ago, of course this will greatly affect the economy, but now it has begun to improve with all the efforts of the government that has been done so it can breathe fresh air after everything is back to normal.

But in the past few hours I found an article that research in China found a new swine flu with potential to become a pandemic again?

Again, this is from China, what might be the source of everything in the event of a pandemic again, then this would be worse in my view.

https://edition.cnn.com/2020/06/30/asia/china-swine-flu-pandemic-intl-hnk-scli-scn/index.html

the covid-19 pandemic will not end if there are no medicines and vaccines that will cure, because what is done now is to avoid the healthy not being infected with the sick, not to cure.
many countries have reduced covid-19 pandemics and provided the opportunity to be able to run the economy normally, open flight routes between countries, experience a new dilemma, the second phase of the covid-19 pandemic.
what is now feared from the covid-19 pandemic is that people are sick without any symptoms, this is what makes transmission even more devastating.

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.

It is impossible for the economy after COVID19 to remain the same, I am sure the economy will gradually begin to recover. Starting with
the opening some shops and offices, from here people will start working and earning income. This can make the economy run again, and
will slowly recover. Related to the use of paper money will be increasingly reduced because it is considered less safe, can spread the virus.
Then people will start to move to use digital currency, the use of cryptocurrency should also increase.

After Covid-19 continued to hit the world a few months ago, of course this will greatly affect the economy, but now it has begun to improve with all the efforts of the government that has been done so it can breathe fresh air after everything is back to normal.

But in the past few hours I found an article that research in China found a new swine flu with potential to become a pandemic again?

Again, this is from China, what might be the source of everything in the event of a pandemic again, then this would be worse in my view.

https://edition.cnn.com/2020/06/30/asia/china-swine-flu-pandemic-intl-hnk-scli-scn/index.html

I am sure the economy will slowly recover after COVID-19, but it will not be normal as usual. Because since the world was infected
by COVID-19. There will be some changes, I'm sure more and more people will avoid using cash. Because of the risk of contracting
disease, people will be more comfortable using digital payment. Such as credit cards, e-money, mobile banking and internet banking.
It is unfortunate the use of cryptocurrency is still not very popular. Maybe because not all countries have legalized cryptocurrency
and there is still a lack of promotion, because there are still many people who do not know cryptocurrency.