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.
Topic: Economy after COVID-19 - page 27. (Read 8979 times)
After COVID-19, each and every country will focus to recover it's previous budget which already spent.
Yep and as for our country, we'll also focus, surely, on how to pay the debts we had in order to support the needs during the pandemic. Also, work from home will still be present and some things would still be done online such as paying bills, shopping, and the like. And whatever we've been through during this time, the economy of every country will recover after the crisis.
Everything has been shut down for the past few months due to the 'lockdown' announced by the government across the country to curb the spread of coronavirus. It will take many years for the coronavirus to recover. We do not know how difficult it will be to deal with the unemployment that will result from this outbreak. In fact, it is not yet clear how many people will be unemployed. We also do not know how many millions of small and medium enterprises are already at a loss. I think we all need to move forward to move the financial wheel after this epidemic. Hopefully one day everything will be fine.
After COVID-19, each and every country will focus to recover it's previous budget which already spent.
of course, this will be done by all countries in the world affected by COVID-19 but to restore the economy and the budget that has been spent by each country will have a different time, countries with high human and natural resources will recover faster..The impact of the positive pandemic, it made people think about digitization and gave some logical reasons for investing in digital technologies and investing in technology that does not need any tangible purposes.
In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.
mmmm, I agree with this Pandemic making the world more open with digitalization but this is too fast. we are very forced, just look at the reality on the ground that there are still many people who are not open to digitization and do not understand technology.. In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.
Goverment will try everything for the faster recovery of the economy. There may be additional taxes, and higher price of goods especially the main needs. Schools and classes will be back to normal. There are more employees who will come to work and ofcourse employees who will apply due to they lose their job because of this pandemic.
Exactly. After every economic recession or depression, comes a slow and steady phase of recovery. The longer COVID-19 lasts, the longer it may take before everything goes back to normal. Right now, people are full of fear and desperation. It's normal for the economy to go down the drain in times of turmoil. What's important is the health recovery of people infected with the coronavirus disease. After that, governments can focus on bringing the economy back on track. At least, that's my point of view. But some countries (like the US) have decided to put the economy first, leading towards a complete disaster.
Once there is a vaccine or cure available for COVID-19, we could talk about the recovery of the worldwide economy. As I've said before, it'll be a slow and steady process. It could take decades before the economy goes back to normal. In the bright side, the effects of COVID-19 will radically transform businesses and companies in the mainstream world. We will get to a point where every job will be done remotely, while shopping will be done entirely online. Physical interaction will be a thing of the past as everything shifts to the digital realm. With CBDCs coming in play soon, we can expect this and more in the not-so-distant future. Just my thoughts
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.
Actually this is one of the best thing that happens to the world because in this we have tested our capacity how to overcome rarest case we can have since long years passed.there are many situation like Virus but nothing harder like this,when the whole world Get panicked ,with half a million casualties.
Works/Jobs losing,Increasing infection day by day for more than 3 months now.
If this continues then many countries will really suffer in deepest part.
But look at the earth?it is healing,we can now feel the freshness of air.
Water is starting to be clean naturally,and the ozone layer is also repairing.
Let us not look in the bad things that this Covid Give but instead what is the goodness in brings to our world.
economy will recover,for sure in a matter of month or years,this will end for sure.
Exactly! There's always pros and cons to any given situation or problem. It really depends on one's perspective on how to go about handling the problem and going for solutions that would help us get the economy up again (during and after the pandemic).
The impact of the positive pandemic, it made people think about digitization and gave some logical reasons for investing in digital technologies and investing in technology that does not need any tangible purposes.
In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.
In the past, it was difficult to think of these projects because they may not be of benefit or you may not find justifications for them. As for the pandemic, it gave many reasons and opened the minds to more questions.
After COVID-19, each and every country will focus to recover it's previous budget which already spent. May be we will see the fourth stage of industrial revolution by this time properly. But this is not the analysis. It is said from my experience and following by previous things.
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.
Actually this is one of the best thing that happens to the world because in this we have tested our capacity how to overcome rarest case we can have since long years passed.there are many situation like Virus but nothing harder like this,when the whole world Get panicked ,with half a million casualties.
Works/Jobs losing,Increasing infection day by day for more than 3 months now.
If this continues then many countries will really suffer in deepest part.
But look at the earth?it is healing,we can now feel the freshness of air.
Water is starting to be clean naturally,and the ozone layer is also repairing.
Let us not look in the bad things that this Covid Give but instead what is the goodness in brings to our world.
economy will recover,for sure in a matter of month or years,this will end for sure.
After Covid-19 Our World Economy Will Very Alarming I Think, Now in Covid Situations World Economy Decreasing Day By Day, People Can't Go Work. Altho Many Country Come Back From Lock Down But People Can't Going to There Profession. Becouse Covid-19 Come Back Again And Again, Recently Newziland Remove their Lock Down And Decliar They are free From Covid-19 , But We Are Knowing That People Are Affected Again In Newziland. So I Think, If This Situations Ware Contniue World Economy Fall Down in future And After Covid World Economy have To Start from Zero, Also Need Restart Of Economy.
This covid thingy indeed crash the economy. It bring chaos not only to people but to the things that makes people live. After this pandemic, I am sure that economy will recover since mostly of the businesses will reopen and be functionable again however it will takes time to cope up with the losses.
A complete recovery may take more than a year, and possibly up to 3 years. If people can't go out, how can you expect the economy to be back on track? With the lockdowns failing to check the spread of the disease, now the only hope is on the vaccine that AstraZeneca is developing. And unfortunately it may not be available in the market for another 6 to 12 months. Can the economy survive for that long? I am skeptical about that.
I think everything wouldn't be the same after this Pandemic. We learned to live now in a new normal way of living, just to survive and still be safe from Virus. And with the help of modern technology now, things became more easier for us, like working just the comfort of our home, do businesses, attending online class, making purchases online, pay bills and even manage all our financial transactions online. We are so much into digital world as you had been said, and even if this crisis will end, this new virtual way of living will continue to pass on. Cryptocurrencies has a lot to offer especially this time, and so much more in the future. Though, we can't deny that we still need physical wallet and currency, I still believe it is highly advisable to use Bitcoin for all online purposes because it is much easier to use digital wallets with just one tap. I just wish that everyone will know its great features so all of us could work together, earn together and invest higher investment in cryptoworld. And lastly, I know we will be able to cope up after this, and the dying economy will soon recover in each country.
This covid thingy indeed crash the economy. It bring chaos not only to people but to the things that makes people live. After this pandemic, I am sure that economy will recover since mostly of the businesses will reopen and be functionable again however it will takes time to cope up with the losses.
Covid 19 is really a big trial to all it is now the big problem that we are now facing, after this pandemic i am sure that the economy will fall, because everyone is now leaning on the government everyone's work is affected due to the continuous rise of the people who get infected to the said virus. But i believe that after this pandemic we wil still rise and we will back to normal life we need to pray for the emediate release of the vaccine to prevent this virus to scattered and no one will sacrifice life.
http://www3.weforum.org/docs/WEF_COVID_19_Risks_Outlook_Special_Edition_Pages.pdf
https://www.visualcapitalist.com/whats-at-risk-an-18-month-view-of-a-post-covid-world/
Research from the WEF can be one of our references for the post-pandemic global economic picture. The researcher said the biggest impact of a pandemic is a prolonged recession, a prolonged recession is a depression and great depression. The pinball effect that occurred in the pandemic caused disruption to global supply chains and changes in consumption patterns that impacted the bankruptcy of many companies both small to large scale.
Some questions finally came to my mind, when the bailout strategy could not be carried out because the state and the central bank ran out of dollars, whether the economy would stop because the blood was running out and the economic lubricant was only concentrated on the plutocrats.
Is it possible for the government to carry out the regulator's function by taking TINA's strategy (there is no alternative) so that the money back function as a transaction lubricant is not only an asset.
the economy will surely gradually recover after Covid-19 is declared gone, new normal life can teach us a lesson to be able to always remind one another and of course there are certain limits. but of course everyone will find it difficult first because the business they are running must be restarted from the beginning. I am sure that after this pandemic, the digital era especially in payments for online transactions will be increasingly developed and applied by most countries.
The lessons that this pandemic imparted hopefully will mark the hearts of people affected, I agree that there will be new innovations that will be happening in cryptocurrency and technology in general because, the problems that we are facing is something new and many people are finding solutions, the economic will be gradual but it will come to that eventually and I hope that we will prosper after this down time.
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.
the economy will surely gradually recover after Covid-19 is declared gone, new normal life can teach us a lesson to be able to always remind one another and of course there are certain limits. but of course everyone will find it difficult first because the business they are running must be restarted from the beginning. I am sure that after this pandemic, the digital era especially in payments for online transactions will be increasingly developed and applied by most countries.
Nope, you're totally wrong. The debit cards and credit cards you have mentioned here are controlled by banks, so how does making use of them put the banks out of business? It's not even possible.
I think banks now have many means that they can generate income and it's just about the fees for transactions that you're thinking it is. And moreover debit/credit cards are still physical means of making transactions, and you will have to hand it over to the cashier who will then use it on their POS to debit your account and make payments. So, there's still the possibility of spreading the virus through it. But I still don't think people will stop making use of these methods.
Credit card and debit cards have a difference though that helps banks make a profit. In debit cards you are not paying any interest rates, you basically spend the money you have and nothing more and banks are not making any profit from it at all, if you always live within your means and never take out a credit card or a loan and never make a debt that means banks could potentially never make a profit from individuals. They still have investment side of their business where they buy a ton of shares and make a profit but at least you prevent profiting from individuals which is a huge kick in the balls to banks.I think banks now have many means that they can generate income and it's just about the fees for transactions that you're thinking it is. And moreover debit/credit cards are still physical means of making transactions, and you will have to hand it over to the cashier who will then use it on their POS to debit your account and make payments. So, there's still the possibility of spreading the virus through it. But I still don't think people will stop making use of these methods.
Credit cards on the other hand are not like that, you spend the money you do not have right now but will have, you make a debt and then you pay it with interest when you have the money, sometimes very quickly right away, sometimes takes time but it is always a debt that you need to pay later on.
Credit cards and debit cards both incur fess (other than interest charges).
Also, the banks do earn a percentage commission for each transaction you make on either card, for helping or bringing the merchant close the sale (for the purchase or payment of any transaction you make).
From these posts above it's quite obvious that many people don't know basic stuff about credit and debit cards and banks. Luckily they don't decide on the economies of their countries. At least I.hope so. :-)
Seriously, it will be very hard to recover evonomies and governments and people will actually need to learn how to live with virus. Now it's obvious that it will not just dissapear and our lives and economies will need to continue. I don't think quarantine is the answer because on long term that leads to many serious economic problems and affects people's lives also in negative way, on their mental health.
Nope, you're totally wrong. The debit cards and credit cards you have mentioned here are controlled by banks, so how does making use of them put the banks out of business? It's not even possible.
I think banks now have many means that they can generate income and it's just about the fees for transactions that you're thinking it is. And moreover debit/credit cards are still physical means of making transactions, and you will have to hand it over to the cashier who will then use it on their POS to debit your account and make payments. So, there's still the possibility of spreading the virus through it. But I still don't think people will stop making use of these methods.
Credit card and debit cards have a difference though that helps banks make a profit. In debit cards you are not paying any interest rates, you basically spend the money you have and nothing more and banks are not making any profit from it at all, if you always live within your means and never take out a credit card or a loan and never make a debt that means banks could potentially never make a profit from individuals. They still have investment side of their business where they buy a ton of shares and make a profit but at least you prevent profiting from individuals which is a huge kick in the balls to banks.I think banks now have many means that they can generate income and it's just about the fees for transactions that you're thinking it is. And moreover debit/credit cards are still physical means of making transactions, and you will have to hand it over to the cashier who will then use it on their POS to debit your account and make payments. So, there's still the possibility of spreading the virus through it. But I still don't think people will stop making use of these methods.
Credit cards on the other hand are not like that, you spend the money you do not have right now but will have, you make a debt and then you pay it with interest when you have the money, sometimes very quickly right away, sometimes takes time but it is always a debt that you need to pay later on.
Credit cards and debit cards both incur fess (other than interest charges).
Also, the banks do earn a percentage commission for each transaction you make on either card, for helping or bringing the merchant close the sale (for the purchase or payment of any transaction you make).
Goverment will try everything for the faster recovery of the economy. There may be additional taxes, and higher price of goods especially the main needs. Schools and classes will be back to normal. There are more employees who will come to work and ofcourse employees who will apply due to they lose their job because of this pandemic.
Thats sad, but it is true. Government tend to risk people's lives to guarantee recovery of the economy.But it is what it is - some countries did not start quarantine in the first place, so thats a choice of each gov
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