Topic: Economy after COVID-19 - page 30. (Read 8979 times)

what will greatly affect developing countries that do not have foreign exchange reserves to continue the economy after the pandemic ends. because obviously they will need the help of developed countries to be able to provide financial assistance and so that they can run the economy well again. even if there is no assistance they might borrow from the IMF which of course will also regulate all its economies. Even oil exporting countries are also in a state of difficulties because the oil produced cannot be absorbed by the market and production must not stop, resulting in market prices falling drastically or even worthless. but the problem is that the pandemic is not known how long it will end because only drugs and vaccines can stop it.

   It's going slow, and to add that many still don't work. Today I read about pub's
in Scotland and Ireland, they had to throw away all that beer, it can't stay more then
3 months in barrels! They couldn't work, so beer left. More then 7000 pub's is in
huge problem, their workers and families.
   I don't know what will people do, we can hope that they will get trough this safe.

economic recovery in some countries is clearly not the same...
developing countries with a home industry as support will definitely be difficult to come back, I see the home industry currently affected, the big business may survive, but the home industry is difficult to survive in this epidemic.

I would like start with quoting "The world after crisis will never be the same" by Henry Kissinger. I think the crisis will damaging the economics but after ending of the crisis economy war will be started as we all know all governments are developing vaccine but this won't be free at lest not for foreign countries this is just one example for the economy fight after the Covid-19.
In the other hand, I believe if crypto survive after the crisis and bitcoin's price rise a few months after the halving (I think it will), crypto will be much more populated since all other countries are fighting for their own economies.

Future of IT companies In India after COVID-19

We all know that in India IT industry Ranks one of the most valuable industries
The IT-BPM sector in India stood at US$177 billion in 2019 witnessing a growth of 6.1 percent year-on-year and is estimated that the size of the industry will grow to US$ 350 billion by 2025. India’s IT & ITeS industry grew to US$ 181 billion in 2018-19. Exports from the industry increased to US$ 137 billion in FY19 while domestic revenues (including hardware) advanced to US$ 44 billion. IT industry employs 4.1 million people as of FY19.
Spending on information technology in India is expected to reach
Revenue from digital segment is expected to comprise 38 percent of the forecasted US$ 350 billion industry revenue by 2025.
But
After COVID-19 we can’t expect that even in our dream
90% of IT jobs are foreign client base jobs where US hold 50% and Europe holds 40% & rest 10% is from India and other nations.
Now the question is who will going to lose their jobs.
If you study carefully all the geographical aspects as well as the cost of living of each city.
You will find that most of the costly cities have the IT sector except one. i.e. Kolkata. Where same work is done by an IT professional of Bengaluru fetches more salary than a professional of Kolkata.And it is obvious that foreign clients will not pay that much what they paid in earlier. According to this data, we can ensure that employees living in costly cities are carrying more risk than an employees of less costly cites.

As per PTI nearly 20% of IT employees of https://www.thecn24.com/IT industries are going to lose their job.

Now the question is where you belong to?

After the coronavirus, the fate of the economy is uncertain. I hope it is not as negative as we expect it to be. Right now the global infected person curve is not flattening. Which means that we are far from seeing the global economy reactivate.

Only in countries where contagion is less can we start the engines. What is true is that after all this nightmare ends we are going to work like never before to live in full freedom with a sad lesson that will make us change in various aspects of life.

After the economy recession that hit the world in early 2000, Many countries have learn their lesson and they have adopted strategic way in case of future occurrence so I believe the economy will pick up rapidly after this global pandemic. We have already seen so many countries thinking of printing more currencies to minimize the risk while countries like china have resume back manufacturing and doing some other activities. The only countries that might be difficult to recover quickly are those poor African countries that depend mostly on import materials

Yes sure, anyone that is able to build a solid online job at this time that is bringing steady income will no longer see the need to go out and look for a job after this is over. They will prefer to stay home and do their job and make money than leaving to look for a job. But despite that, I don't think there will be much change, the whole world cannot be working online.

There will still be lots of people who will get back to the normal jobs they have been doing before. This pandemic has showed us most of the jobs could be done within home still many services related things need people to come to a workplace like factories or banks. Only management, teaching and coding/designing kind of things supported people to stay within home and people who are into other jobs must needed to get out of their home to make their economy stable.

It takes time before the market of the whole economy brings back to normal before the lack down and the virus are spreading there is a lot of countries ignore this kind of pandemic outbreak which they focus on the GDP and the earnings for their country and some of these countries now are already infected and their economy is rapidly falling on this.  Today they are now slowly recovering because some of the cases of the people of the number of infected but still some of the places are restricted and having trouble on their transactions of import and export that causes again to have trouble it causes of shortage of the supply on the different places because some of them don't want to operate for the meantime to avoid this. Now some of the countries have a lightweight problem that is giving some gifts like foods and other things needed into the infected countries which are good as a reflection that even there is a crisis we can still help other people.

I think the economy will recover the slowest we've ever seen. Because the Corona virus spreads very quickly and is likely to be positive again, this will make many people suspicious and still afraid to work. Besides, the restaurants, travel services also have to consider a lot when operating again. Another bad thing is that social isolation will make customers' spending habits change. After this season, they will not want to shop more and use less luxurious services. That's the worst thing to be predicted in the future of European and Asian economies.

It was bound to happen to majority of the country, especially those that live in a third world country might suffer more compared to those that dont. The problem with it is that, there are alot more people that live in such third world country therefore it will be hard to recover the country's economy aspect after the pandemic

That of course considering if the country actually could recover from the pandemic because with higher number of people, that means the infection rate is higher as well. Not every country is on lockdown so the infection rate could be increasing as we speak

For such country, there are two major concern about the pandemic. First is the economy aspect and the second is health aspect, locking down the country means sacrificing the economy aspect and also vice versa therefore some / most country choose not to go with complete lockdown to maintain both economy and health aspect at the same time

Not only that instead many withdrawals or conversion happening now because of this pandemic,and those
 money exchange and banks are mostly in favor now,imagine how many
 withdrawals added to their daily operation because people
 needs more cash now than investing.

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and also those Online deliveries are getting more and more income now.

I want to invest my remaining money in online business such as food deliveries or at least selling
essential items.

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The most affected now are the labor system because companies and production now are lay offing
 their employees just to stay in business.

Many are using online payments already globally. They are using debit or credit card like you said when they are paying different things or if they want to order a delicious foods on fastfoods, they will pay it online.


I believe that Economy after this pandemic will change drastically and as the pandemic takes more time, more and  more establishments will close because of bankruptcy especially for those small to medium enterprises. Maybe there will be some who will continue to pay thru online but still there will be some people who are using cash maybe because they are more comfortable in using it. That is their way to pay things and they don't have access to some apps that you can use to pay online.

I don't think that central banks will collapse at this time. Many people are relying on them and lets accept it. They can support cryptocurrencies and in fact USA Central Bank are supporting it but they are not saying it indirectly.

We are in midst of an economic crisis in coming time or say recession is just around the corner as economy will be slow for next couple of year. Its going to be a real hard time for all the sectors and for the workers as well. Cost prices are going to rise, demand going to fall, purchasing power is going to fall etc.

We will be bound for recovery for sure, the world will slowly recover from the damage this pandemic has cause, it will be hard but as usual the world will recover. Our economy will be affected a lot, especially the small countries which will be heavily affected by this pandemic, most countries who are already in big debt problem might experience an increase of the problem, and the most surprising that I would expect to happen, world ranking based on economy might not be the same anymore.

Due to covid 19 India is widely affected by this pandemic. As on 23.05.2020 more than 125000 cases of Coronavirus have been confirmed in India with more than  3700 deaths.India having the highest rate of density population in the world the Governments, both at Union and State levels commenced necessary actions on war footing to prevent the spread of this pandemic.It was all the more so when it is known that this deadly disease has no medicinal cure.India started as one day Janta Curfew on 22.03.2020 by the Prime Minister of India and lockdowns by some of the state governments, the entire country was declared to be under lockdown from the midnight of 24.03.2020, and the same continues to be so till now or atleast till 31.05.2020 unless extended.everything and every activity, barring the activities relating to and concerning with the essential supplies came to a complete grinding halt. Though the improvement in the environment due to such a lockdown was a silver lining, however the toll on economy due to this lockdown is too early to be estimated.affecting the economy chart. It is believed that India's aggressive lockdown could bring the country's growth down to 2.5 percent from 4.5 percent it had earlier estimated. However, as per a statement released by Chief India Economist of Goldman Sachs on 09.04.2020, the economic growth of India has been estimated at a low figure of 1.6% only.

The economy is set to get worse after COVID-19 but the crisis is likely to ease somewhat if we shift to electronic payments People will be in more financial trouble because of the closure of business and trade. In that case, if we invest in bitcoin it is possible to recover the country's economy. Although the economy has been hampered by COVID-19 the crypto market has not had much of an impact so it's a good time to make money online from home.       

The use of electronic payment methods instead of paper money will increase due to maintaining social distance due to epidemics. People will be inclined towards electronic payments due to security reasons. But because of this epidemic, the whole world will fall into an extreme financial crisis. The economies of many countries have already collapsed, Now the biggest challenge for the world is to overcome this crisis.

20-30 years is too far because with the advance technology we have now?we will not needed 10 years before finally the world
will be using E wallet and so does the payment will be deal of using Online and no needed for physical transactions and in
 this part the digital currency will be on top.

We are now looking forward about the vaccine from this Virus so whenever it comes again the world is ready enough and
wont bring that same effect as what we have now that shaken the whole world and even the strongest and toughest country
 in the world USA is now dealing badly in this pandemic.

But this comes as eye opener that securities are not just needed in violence and some sort of terrorist because look at this
 one?kills hundred thousands without even seen and spreads the world without even interfering so from this we will be
always alert and aware that some kind can strike at any time .

Growth will always be gradual even before covid19. The economist may say like India has the fastest rise of economy or so but the regular people don't feel like there something is growing.

Adoption of digital currencies will always be slow just as bitcoin had been taking it slow. The country may first try it to one of their city and then another. China had adopted cashless transaction long time ago though that is why they tend to adopt faster.