Topic: How in the world we going to restart the world economy ? (Read 883 times)

"Productive and still safe." This is what countries are trying to do right now to start the economy once again after months of lockdown. Same precautions with my country too, social distancing, workforce reduce, etc. I just hope that governments can provide alternative work for those unemployed people, maybe work connected to the covid fight. We are trying to restart the economy even without the vaccine cause if we won't, it will be worst. I just hope that while saving the economy, the word "safe" can still be seen and feel. Cause if it ain't safe in the workplace, public commuting, etc. Then the virus will hit more damaging to the country.

To restart our economy is easy to say but my expectation is before we going to do ,it's better to ensure or conduct a clearing operation to know our location out of infected  from pandemic as well as we need to look forward to defense a second wave. Even we already found a vaccine closely, we need to think it first to prevent matters.

It will take many years for the effects of the coronavirus on the world economy to subside People have lost their jobs as a result of the virus hitting the economy and it is not yet clear how much the companies have lost.

Coronavirus is isolating one country after another in fear of the world All the big global events starting from the stadium game are going to be closed Economic activities are declining due to the closure of schools, colleges and businesses Airlines around the world are losing money due to travel bans big companies are in danger of defaulting on loans Every day major stock markets are collapsing.

It will be difficult for us to restart the world economy because productivity has been slowing down due to the lockdown that every business and worker temporarily lost their jobs. The best way for us to recover back our economy if someone has already created a vaccine for coronavirus or COVID-19 because everyone could go back to their jobs and will continue the productivity.

I think the US did some monumental mistakes in handling the pandemic. Slow to act, fast to re-open and almost no action to prevent the spread from the federal government.
The Trump administration politicized the issue, restricted CDC's authority and downplayed science.

Now the US being the world's biggest economy, is also the world's biggest incubator for a virus that has no cure.
I think it'll be because of the US that the virus can no longer be contained. We shouldn't be looking for a way to re-start the economy any time soon, at least not until the world has received a vaccine.
Until then, and thanks to re-infection being possible from what it seems, social distancing is the new normal. Demand will be down and some businesses will have to succumb to no or very limited business throughout this period.

The 21st century world order has been shattered by the corona virus. No one can give a clear idea of ​​when to get rid of this condition. The world is no longer what it used to be. The effects of what has happened in the last few months will be far-reaching. After this epidemic, everything from our work-daily life-travel-entertainment to business-trade-economy-state-society will change. The epidemic may be brought under control, but it will take many years to recover from the devastating damage it has done to the world economy.

As of this moment, it is still too hard to totally start up the world's economy since the covid-19 pandemic is still on and the vaccines that have been created are still undergoing clinical trials but that was already a good sign that at least there is an ongoing improvement on our fight against this Coronavirus. Certain countries have already cut down or have flattened their covid-19 cases which is also good and that only means they can somehow start up reopening their business establishments to help recover their country's economy that can help with the slow recovery of the world's economy amid with this pandemic.

The World Health Organization (WHO) have suggested to the countries that to be able to open up each and everyone's economy, there must be something new to be implemented to get productive and at the same time still safe. The "new normal" set up is the temporary to permanent solution we have while the vaccines are still into the process of discovery. At this way, we can open up each other country's economy when it comes to opening up business establishments and work places but on a limited capacity of work force of 30-50% capacity to still implement social distancing while following health protocols to avoid the spread of virus. By this way, we can still open up the economy and at the same time keep ourselves safe from being infected by covid-19.

This depends on which country you live mate.

Because our country is really affected badly by the pandemic but still standing and now starting to recover from the losses.

Many company that still not allowing people to work while others already stop operations but government is doing their best effort to find which help people needs.

Hope  by now after 3 weeks of posting this there is already an answer from your government.

agreed, by disbursing reserve funds to cope with covid which had no prior allocations would certainly have an impact on foreign exchange reserves that it had so that they could be disbursed for countermeasures that were urgently needed at this time.
the income of funds for the country is reduced by the cessation of the sector which has been a source of tax revenue. the country must immediately restore the sector so that there is income.

in this situation there is no other word the state must work hard so that transmission can be stopped and the supporting sector for income for the country can start immediately. but until now many countries rely solely on physical distancing, so that healthy ones don't get infected instead of immediately healing. because only drugs and vaccines can cure immediately, as long as there is no certainty, that the country's economy will be disrupted. it takes a long time to recover.

It will take time to rebuild economies. All the free money governments are distributing to citizens, businessmen and corporations will have a huge negative impact later. What could help to rebuild everything in my opinion would be the reduction of the government costs.
It's a good moment to review the government agents and public employees wages, rights, bonuses and if the existence of many of these jobs are really benefical for the country and necessary. Technology we already have, now we just need to count on the good will of the public sector's rulers to recover our countries faster.

That's because new money gets pumped into it

But this can't go on indefinitely. And if the current situation doesn't change for the better, we should see an abrupt readjustment, to the downside obviously. I'm not so worried about stock markets as about Bitcoin since there's been lots of correlation between cryptocurrencies and traditional assets recently. And if the stock market goes into a free fall, crypto is likely to follow


Spending seems to be supported by fiscal stimulus now. When it runs out, things may quickly turn from bad to worse

yeah that's the point. when hit by this disaster must know the way out, and that's what we have to do friends to do against this corona so that the virus does not spread widely and quickly disappear from the earth. me it is very consistent if government workers are responsible for this corona virus disaster, providing assistance in terms of the need for terminated workers or workers. Unless their office workers are not given assistance by the government....

Best method I can think of right now would be to live up the economy both with printing of money and also putting in some new efforts to regulate the "mask" situation. If you do not allow people to go outside without masks, if you give punishments for walking around maskless and just tell those people that they owe money (just like for example writing a ticket to a bad car driver) you would basically have people that are healthy and recovering nation as well. Of course with that in mind you need to help out all companies to survive and not just the ones that bribe you or have influence over politics.

Today when you look at USA, there are companies who got millions of dollars in loans that were connect to the politicians and there are 30 million people who couldn't get the 1.200 dollars they are owed. That has to stop.

Recover or restart? because you can't restart on something that wasn't stop.
I know the world is in crisis right now, no country that are not experiencing the opposite of struggle, but we can survive and we will be able to recover this.

How? It's easy, the government takes care of our economy as they make the plans, rules, and law to ensure we will survive, so we just have to comply with it without complains, even if it would result to paying high taxes as that's the only way IMO. When we say tax initiative by the government, everyone will be affected so acceptance is really necessary.

There are lots of countries especially those who are inside third class economy, they are really penetrated so hard by this pandemic virus.


Without the vaccine it will continue and those who are in trouble reviving their economy will surely suffer more. Unless the leaders are
good in planning what other resources to use in order to uplift or much better to is to
survive from this situations.

At present time, we are hearing good news about the vaccine that Russia claims to have developed it. If everything goes fine, it is still going to take few months till it recaches all the countries and things start to get stabilized. So, this would mean that almost we will enter 2021 before everything gets open up and start performing in the new normalcy. But certainly, now everything I can say depends on the vaccine till then economy may not run for 100% and it will just get worst the longer things keep moving.

I did not see any much impact of covid19 on the world economy and it is truth that some world power economy has not fully reopen their economic but that did not mean we are not going to see good after this covid19 as it is speculated by some financial experts.

Sad to say that my country has only limited resources. And the time that this severe crisis started to spread here,  we are not really prepared in almost everything.
The economy totally collapsed. And i dont really know if we can still cope up all the losses after all this strange things and the positive cases grows higher each day 😕

No one can tell. Its hard to tell now how our economy will be on foot again. We are now focusing on fighting these pandemic and the second wave is now killing and affecting more than the first one. If the first world country is gasping in aiming economic survival what more for the third-world country??? Every country is surviving, hope this pandemic will just vanish so everyone can go back to our normal life.

Fortunately, commercial transactions, manufacturing, food, entertainment, tourism, to name a few of the main commercial areas that move the world economy have not come to a standstill.

I really believe that economic leverage in this crisis involves two important elements to consider: work and health, work seems to be intrinsically economic, but it is the most affected as a side effect for the economic plane of many companies that subsist, since the dismissal it is always the first management tool to improve business liabilities, in any crisis.

Perhaps there is a sense of a global economic crisis more scandal in the television media by the countries of the major economies involved in the health crisis than the actual global economic effect.

If there are problems and graves, for example the tourism sector is affected by 50% in income from such an important sector, compared to figures from 2019, the sector that takes the first place. The tourism has to reinvent itself, it is one of the areas that will really have problems in the future if it really is not finds the formula , of how to do tourism with social distancing.

Although the large companies' losses are enormous, they are the ones that are adapting best to the new sanitary rules in order to continue in normal work and production operations, they can resume normal hours and the income of the personnel who are working from their homes.

That is, the large business sector has not stopped 100%. The real problem is what medium and small businesses are suffering, and cannot be left out of the self-employed workforce.

As in any crisis, companies have adapted from all the weak points that this pandemic causes them, in terms of sales, e-commerce has been a solution, sanitary regulations to keep their workers in Jobs where they are truly essential have worked, and sectors that were believed to be stagnant or simply not on the radar have emerged as saviors to keep the economy on the move.