Scientists have decades of experience creating vaccines so that is not the issue, the issue is that the economies of the world were in bad shape already and this virus just made that reality even more evident, this is going to change the behavior of people all around the world and this means that things are not going to be as they were before all of this, do you think people are going to take a vacation as often as before when they have bills to pay? Do you think they are going to buy as many cars as before? Things have changed we just do not know how much yet but we will find out during the next months and years.
Many of us assume that the world economy is coming to an end, all that remains is to think about this condition by accident or by design. We can learn that the economy stopped in America after the 911 attacks, this is because circulation, values disappeared and the whole system collapsed. almost everything stops, ranging from air transportation, road closures. But a few days later, President Bush asked the public to revive the economy by shopping and visiting restaurants and watching shows and encouraging them to fly again.
The economy will collapse if there is no movement. Stopping for a few days has caused panic about what happened due to the corona pandemic, with a longer duration of cessation and almost all over the world stagnation.
So what needs to be started is to think about strategies to reduce the double shock economy in the demand and supply side diaries. From the supply side how to create jobs that are labor-intensive and easy to absorb labor and from the demand side how to stimulate consumer spending passion again.