Topic: Economy after COVID-19 - page 3. (Read 9008 times)

After COVID-19, the state of the economy is very bad not only in the field of education but also in the field of human work and livelihood the students have been disrupted and they are suffering due to lack of work for lockdown at the moment, more emphasis should be placed on tackling corona to preserve the existence of human civilization than to calculate economic losses. If corona can be brought under control in the next two-three months it is possible to bring the country's economy back to normal within a year or two.

Of course, this has also happened to many countries in the world because this pandemic has disrupted the global economy.
the government implemented a lockdown for the safety of many people, even though the policy was opposed by many. I'm sure you live in a place with a high risk of transmission, therefore the government there implements a lockdown.

My country is a poverty line country.. most of the people here living from hands to mounth. But my country situations very much bad affecting corona pandemic. We worstly affected by COVID-19 and today we all passing days with lockdown and and shout down. ...

May you tell us from where you come from or what your country is? The corona crisis affected many countries very differently. Some industrialized nations have almost recovered and hardly had a slump, while many less developed countries are in a severe economic crisis and have seen some horrendous inflation rates.
That is why it would be interesting to know which country you are talking about.

My country is a poverty line country.. most of the people here living from hands to mounth. But my country situations very much bad affecting corona pandemic. We worstly affected by COVID-19 and today we all passing days with lockdown and and shout down. ...

The global economy is a community, and the virus this time can be said to have swept the world. No economy is unaffected. The country's overall economy is affected, and national consumption will inevitably be affected. Now the control of national policies has slowly recovered, but it will take a while. We will definitely pass this dark time, and the country will lead us to a better state.

New variants, which may or may not be more contagious and lethal may come not only from India but also from the other parts of the world unless a majority of the population is vaccinated. The choice is very difficult. If you remove the lockdown and other restrictions, then it means that the virus will spread further and there is a chance that new variants may appear. Depending on the economic condition and the infection rates, the governments need to take a decision on whether to implement the restrictions or not.

Covid will be very prolonged, it can't be stopped until now. There is even another new variant that comes from India, making a number of sectors, especially the economic sector, which had already risen, even slumped again due to the prolonged lockdown. Perhaps this situation to restore the economy as before is still very difficult . So I hope everyone should be good at managing expenses and income.

Yes true, it all depends on state policy, as long as the state can control its citizens then COVID-19 can be controlled, in general in my country the impact of COVID-19 is very large because many companies bankrupt and make unemployment increases.

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 suppose that there will be really many countries which will still suffer the affects of covid-19 on their economy. It is the sad truth I'm afraid. I don't expect big (or developed) countries to have big problems. Their economy will recover in a short time.

After COVID-19 i think the economy  of most of the countries in the world will slowly get back on track, despite the heavy losses for every country. But when ends? I'm not too optimistic about it, it's been more than a year since the COVID-19 outbreak and hard to imagine that this epidemic has lasted so long and spread so far.