Economy after COVID-19 - page 8. | Bitcointalksearch.org

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Quote from: buietaw on May 19, 2021, 03:33:57 PM

I am a nurse. and I follow the process closely. I think we will encounter many different types of these pandemic events in the coming years.

That's what the prominent people are saying and in that case, while the world is tackling with the covid-19 virus. They're now creating a plan of avoiding or at least mitigate the possible effect of it if ever it comes again the future.

Quote from: buietaw on May 19, 2021, 03:33:57 PM

now I believe some business groups will disappear altogether. Like many people, I have an expectation of a serious global economic crisis.

Also, in 2030, there's an important matter about climate and that's another thing to affect economies.

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Quote from: Vishnu.Reang on May 19, 2021, 02:06:20 PM

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

Let's not forget that most vaccines are two-component and for the formation of immunity require vaccination twice with a certain interval in time and the formation of immunity itself takes time, then vaccination will not help a person who is already ill with COVID 19, so we will be able to see the real results of vaccination only after some time, but not right now. As for lockdowns, I would like to say that it is impossible to introduce them permanently for the second year, because people need to somehow survive and earn a living by their economic activity, and lockdowns can turn into deaths and diseases for other reasons.

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I am a nurse. and I follow the process closely. I think we will encounter many different types of these pandemic events in the coming years. and now I believe some business groups will disappear altogether. Like many people, I have an expectation of a serious global economic crisis.

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Quote from: Abiky on May 19, 2021, 01:43:52 PM

Right now, the USA has a greater advantage over countries as it's the epicenter of the most effective COVID vaccines in the world (mainly Pfizer/BioNTech and Moderna). There's light at the end of the tunnel for Americans, but not for other people in the world. The global economy will take a long time to recover if countries fail to improve vaccination rates and vaccines' effectiveness. Rich countries like the US and those in the EU will be the ones that will defeat COVID-19 at a quicker rate than poorer ones.

As long as people's health is the priority (instead of the economy), there should nothing to worry about. Unfortunately, most governments are taking wrong decisions by focusing on reopening their economies as soon as possible. I believe that a lockdown is the ideal solution to contain the pandemic. This, combined with mass vaccine distribution, should make COVID-19 disappear real fast. Ultimately, the fate of our economy and our society lies on the cooperation of both governments and individuals alike. Just my thoughts Grin

The United States is still reporting 700-800 deaths per day. I am actually surprised by the numbers, as the vaccination rate there is above 60%. Why so many Americans are dying despite such a high vaccination coverage? And regarding lockdowns, I don't think that many countries can afford that right now. The economies are not in great shape. Also, it has been shown that lockdowns only slow down the spread and not prevent the infections in the long run.

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Quote from: Vishnu.Reang on May 18, 2021, 12:34:02 PM

It depends on the type of vaccine. In Israel, they mostly used the Pfizer-BioNTech vaccine and it is very effective in preventing COVID. On the other hand, Seychelles also had 60%+ vaccination rate, but they used the vaccine from Oxford-AstraZeneca. Seychelles is undergoing a second wave of the pandemic right now (same with Maldives, another country which had more than 60% vaccination rate with AstraZeneca). Now the extreme case is that of Chile, which had more than 50% vaccination rate with the Chinese vaccine Sinovac. But the infection rates seems to have increased after the vaccination.

Right now, the USA has a greater advantage over countries as it's the epicenter of the most effective COVID vaccines in the world (mainly Pfizer/BioNTech and Moderna). There's light at the end of the tunnel for Americans, but not for other people in the world. The global economy will take a long time to recover if countries fail to improve vaccination rates and vaccines' effectiveness. Rich countries like the US and those in the EU will be the ones that will defeat COVID-19 at a quicker rate than poorer ones.

As long as people's health is the priority (instead of the economy), there should nothing to worry about. Unfortunately, most governments are taking wrong decisions by focusing on reopening their economies as soon as possible. I believe that a lockdown is the ideal solution to contain the pandemic. This, combined with mass vaccine distribution, should make COVID-19 disappear real fast. Ultimately, the fate of our economy and our society lies on the cooperation of both governments and individuals alike. Just my thoughts Grin

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If the covid-19 pandemic has ended, of course the world economy will begin to recover gradually and it will take a long time because now there are so many companies that have to lay off their employees, so unemployment occurs everywhere, we hope that covid-19 it will be completely recovered soon and people can do activities like before

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Quote from: Betwrong on May 17, 2021, 05:43:24 AM

The good news is that now it looks like there's a light at the end of the tunnel. Isarel, with around 60% vaccinated, is showing great results:

It depends on the type of vaccine. In Israel, they mostly used the Pfizer-BioNTech vaccine and it is very effective in preventing COVID. On the other hand, Seychelles also had 60%+ vaccination rate, but they used the vaccine from Oxford-AstraZeneca. Seychelles is undergoing a second wave of the pandemic right now (same with Maldives, another country which had more than 60% vaccination rate with AstraZeneca). Now the extreme case is that of Chile, which had more than 50% vaccination rate with the Chinese vaccine Sinovac. But the infection rates seems to have increased after the vaccination.

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I am sure that the economy will recover when Covid is over, even though all of this is in a gradual manner. and a country's economy will not recover without overcoming this pandemic. The government should have seriously eliminated this pandemic if it wants the economy to get better again. Until now, the development of the pandemic has not been able to be overcome by the government so that the economic recovery process will be difficult and difficult. In my opinion, it is impossible to complete the economic recovery if we cannot overcome this pandemic.

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Quote from: Sithara007 on May 16, 2021, 11:35:22 PM

Quote from: quocsi on May 16, 2021, 07:40:08 PM

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It has been 14 months now, ever since the pandemic started spreading globally. Many of the countries that were dependent on tourism is in a very bad shape. Countries such as Maldives and Seychelles are suffering from new waves of the pandemic, while Turkey has reported record GDP dip and huge rise in the unemployment rate. Apart from tourism, another sector that has been impacted is aviation (which was in bad shape even before the pandemic).

Most of the businesses were affected negatively by the Covid-19 pandemic. There are few exceptions, like online retail and, what a surprise!, pharmaceutics

but it is fair to say that most businesses, especially smalll ones, have suffered badly during the pandemic.

The good news is that now it looks like there's a light at the end of the tunnel. Isarel, with around 60% vaccinated, is showing great results:

It's yesterday's data, look at the New Cases and New Deaths columns.

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Quote from: quocsi on May 16, 2021, 07:40:08 PM

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It has been 14 months now, ever since the pandemic started spreading globally. Many of the countries that were dependent on tourism is in a very bad shape. Countries such as Maldives and Seychelles are suffering from new waves of the pandemic, while Turkey has reported record GDP dip and huge rise in the unemployment rate. Apart from tourism, another sector that has been impacted is aviation (which was in bad shape even before the pandemic).

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Quote from: quocsi on May 16, 2021, 07:40:08 PM

I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

It is useless to prevent a pandemic, because it is already underway and has been going on for the second year. It will be possible to talk about any full recovery of the economy only after the end of the pandemic, at least in most countries. Because of the pandemic, tourism has suffered very much, so tourist countries are trying by all means to ease entry restrictions, because the tourist business may not survive the second year of severe restrictions. There seems to be a light at the end of the tunnel in the form of vaccination of a large proportion of the population, but the international tourism business will recover in a few years, because it is worth considering that the pandemic has also hit the income of the population hard. Let's hope that humanity will meet the autumn period fully armed and the states will finally really stop the pandemic.

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I think the economy after the covid-19 pandemic will be severely affected. The covid 19 epidemic causes countries to close their borders. Commercial transactions were delayed, tourism service industries were completely bankrupt. Unemployment is increasing and the economy is weakened. Many companies have gone bankrupt... so it is necessary to prevent the covid 19 pandemic soon so that the world economy can recover.

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Quote from: Angna27 on May 15, 2021, 03:03:40 AM

The economy of each country after covid-19 will rise and continue to recover, infrastruction will continue, more jobs opens, life continue to become better, medical doctors wil take their vacation off and take a rest for quite sometime, and people will still do their normal things to do, this is what we really hope to happen after this pandemic, we want to go around the world and breath in and make the most of our time with our loved ones and friends whom we do not see for long period of time.

Currently the government has implemented a new normal system, so that we can still work outside even though the pandemic is not over. With this policy, the government hopes that the country's economy can quickly recover even though the pandemic has no sign of ending.

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It was around 14 months back that the company in which I am working announced the WFH (Work From Home) policy. Back then we thought that this will last only 2-3 weeks. Not in my wildest dreams I thought that we'll still be fighting the pandemic in 2021. Informal economy is in ruins here... but the formal economy seems to be thriving. And this is the biggest economic change that has resulted from this pandemic. Small shops, roadside vendors.etc have vanished completely. On the other hand, ecommerce giants and big restaurant chains have expanded their dominance.

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Quote from: Angna27 on May 15, 2021, 03:03:40 AM

The economy of each country after covid-19 will rise and continue to recover, infrastruction will continue, more jobs opens, life continue to become better, medical doctors wil take their vacation off and take a rest for quite sometime, and people will still do their normal things to do, this is what we really hope to happen after this pandemic, we want to go around the world and breath in and make the most of our time with our loved ones and friends whom we do not see for long period of time.

We just pray that Covit 19 will quickly pass, and leave this world, are you right, after Covit 19 has passed, the economy will recover, but it all takes time, friends ... now the country has spent a lot of money, there is already a lot of debt . ,,,
within a year, the country must pay its debts first, a year after that, the economy will recover
but in Indonesia in my opinion ... it will not be the same as other countries ... because Indonesia has to pay off its debts first ...

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The economy of each country after covid-19 will rise and continue to recover, infrastruction will continue, more jobs opens, life continue to become better, medical doctors wil take their vacation off and take a rest for quite sometime, and people will still do their normal things to do, this is what we really hope to happen after this pandemic, we want to go around the world and breath in and make the most of our time with our loved ones and friends whom we do not see for long period of time.

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Quote from: Sithara007 on May 03, 2021, 11:53:28 PM

UN may not be rich, but they can help the poor nations by allowing a patent waiver on the vaccines. This will allow the poorer nations to produce vaccines at cheap rates. Pharmaceutical companies such as Pfizer and Moderna have already made huge profits from 4-5 months of vaccine sale. Why can't they make the vaccines available to all and prevent millions of deaths? And if the pandemic remains in the developing nations, the virus will mutate further into strains that are immune to the vaccine. Eventually these strains will reach the richer countries as well.

Pharmaceutical companies are too greedy to make their vaccines available to all. They don't care about ending the pandemic as long as they're able to fill their pockets with money. I hope that President Biden's decision of waiving vaccine patents comes into fruition so that the world could have hope of ending COVID-19 as soon as possible. We can talk about the swift recovery of the mainstream economy once the pandemic comes to an end. How long will it take for everything to get back on track, will greatly depend on collaborative efforts between individuals, governments, and companies alike.

Nonetheless, we're still living in a period of uncertainty. Vaccines give us hope that there's light at the end of the tunnel. But if variants aren't contained quickly, all previous efforts to tackle the COVID-19 pandemic will be in vain. If the current pace keeps up, we may be stuck with COVID-19 forever. Just my opinion

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Quote from: bryant.coleman on May 04, 2021, 02:07:59 PM

Quote from: DrBeer on May 04, 2021, 07:44:14 AM

I agree - the UN and other international structures are not able to solve the global problem of providing vaccines to all or the majority of the population today. But there are also nuances here. For example, commercial companies are not required to play "messiah" and "saviors" and do charity work. Therefore, we must proceed from this position and look for an alternative way. For example, I suppose that it would be possible to raise a fund that would pay for the development of an alternative vaccine that would become an "open project" that all pharmaceutical companies could eventually produce and sell at a minimal price all over the world. India itself has a huge potential for the production of pharmaceuticals, and could become one of the centers of mass production of a "common" vaccine, or for the whole world or a regional leader.

I agree with the suggestion and India is one of the world's leading manufacturer of different types of vaccines. There are two manufacturers in India currently who are producing vaccines against CoVID 19 (Serum Institute of India and Bharat Biotech). But here the problem is that some of their key raw products need to be sourced from the United States. And for almost two months, the United States had imposed an embargo on the export of these raw materials (lifted only a few days ago), although the American government had enough doses of vaccine to inoculate every single person in that country. Now sourcing these materials from a different country may take a few months and both the SII and Bharat Biotech struggled during this period.

I completely agree that the pharmaceutical companies need to benefit from their own invention. And the third world nations can't just ask medicines for free from these corporations. But somewhere we need a middle path.

India's position in this situation is probably one of the most interested and effective for the whole world - India is the world's largest pharmaceutical center, plus, which is very important, India has the TECHNOLOGIES for the production of complex medicines. And plus - a huge population that needs a very active vaccination program. I think India could become one of the world's centers for an "alternative" vaccination program.

PS And about restrictions on the supply of raw materials from the United States - they can be understood, they are very concerned about the situation in the country and the level of morbidity in their population. This is some kind of "selfishness", but we have explanations

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Quote from: Sithara007 on May 09, 2021, 12:00:06 AM

~ Here in India, less than 3% of the population is fully vaccinated, and as a result we are going through the "third wave". The official number of daily deaths are around 4,000, but the media is saying that unofficial numbers may be manytimes higher than this.

Right now the situation in India regarding daily deaths and new cases is the worst in the world, even with official numbers:

Indian officials are saying that they are expecting a "muted" economic impact as compared to the first wave, because now they know from their and international experience how to operate in the conditions of Covid-19. Whether it's true or not remains to be seen, but I personally believe that they have valid reasons for saying this.

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Quote from: cute nmp on May 08, 2021, 12:42:08 PM

The economy of our country has been hit hard by the covid-19 pandemic so many jobs were lost because of the lockdown that was imposed to curb the spread of the virus.Many lost their means of livelihood and poverty was on the rise during that time.This year with low number of cases in the country and a wide vaccination campaign the economy is slowing going back to semi-normal although it will take time to recover fully.

The situation in one country is different from the other. It could have been much better, if you had mentioned which country you are residing in. It looks like your country managed to vaccinate most of the population, and as a result it is largely free of the virus. Here in India, less than 3% of the population is fully vaccinated, and as a result we are going through the "third wave". The official number of daily deaths are around 4,000, but the media is saying that unofficial numbers may be manytimes higher than this.

Topic: Economy after COVID-19 - page 8. (Read 8979 times)