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Topic: Pandemic will bring more economic progress in long-term... - page 2. (Read 759 times)

sr. member
Activity: 1050
Merit: 286
The pandemic will surely bring great economic progress for some countries specially for those who were able to produce massive amount of trial passed vaccine. For the third world countries who weren't able to handle the covid situation well will be the one who will suffer a lot in the future. They ended up in huge debts so it is understandable why their economy will fall down a lot more harder compared to their current status while the pandemic is still active. Maybe, in general, the world economy may improve a lot after the occurence of this pandemic but some will stay unfortunate for sure.
legendary
Activity: 2310
Merit: 1422
There is no doubt that the Economy is growing, despite the pandemic. If you look at the stock market indices, then it is clear. But this growth is not uniform across the sectors. For example, tourism and airline sectors are in very bad shape. On the other hand, online retailers such as Amazon have managed to achieve ATH levels, partly due to increased demand that resulted from the pandemic.
It's not the economy that is growing, it's wall street fake valuations that are getting unbelievably high. I see a complete fracture between the real economy and financial one, which keeps using its gimmicks and magic tricks to kick the can as long as possible.
The real crisis is still awaiting us.

I don't think that the stocks are overpriced now. If you look at the P/E ratios for various stocks, it can be seen that they are still at normal levels. Stocks such as Amazon and Apple went up, because their revenue increased as a result of the pandemic. Especially for Amazon, there has been a huge growth in turnover ever since the pandemic started to spread globally.
I'm not talking about single stocks evaluations but if you look at the overall index is too damn high taking into account what has been happening. It just can't be that Amazon and Apple are representative of the whole stock market.
hero member
Activity: 1148
Merit: 555
In my country, COVID-19 is not even feared anymore, many people even say "does Covid-19 exist?".  Many citizens are no longer wearing masks and government enforcement of health protocols is loosening..

That's a dangerous way to live. The virus is real and you should wear your masks in public places at all times. We all have a role to play in saving the world
full member
Activity: 812
Merit: 120
https://combonetwork.io/
Not only seeing, but I personally feel the synergy and enthusiasm that continues to grow to build the economy again and better in the future, with the experience of the current pandemic we learn a lot of new things that are more organized and efficient.
member
Activity: 1120
Merit: 68
With this pandemic, a lot has changed, especially working with the digital aspect. And this applies to almost all fields of work. Many enforce working from home by utilizing digital media. and this turned out to also have a very good impact on the progress of crypto. Where as a result of the pandemic, there are more and more crypto visitors and members.
I don't really know if the pandemic is the real reason why the number of crypto users is increasing that makes the market positive again. But I guess it is one of the reasons because the usage of digital currencies as a payment method has increased that most people nowadays are always made online purchases; maybe that is why PayPal and other large companies started to accept cryptocurrencies.
member
Activity: 658
Merit: 10
Catena X
With this pandemic, a lot has changed, especially working with the digital aspect. And this applies to almost all fields of work. Many enforce working from home by utilizing digital media. and this turned out to also have a very good impact on the progress of crypto. Where as a result of the pandemic, there are more and more crypto visitors and members.
sr. member
Activity: 1988
Merit: 453
There is no doubt that the Economy is growing, despite the pandemic. If you look at the stock market indices, then it is clear. But this growth is not uniform across the sectors. For example, tourism and airline sectors are in very bad shape. On the other hand, online retailers such as Amazon have managed to achieve ATH levels, partly due to increased demand that resulted from the pandemic.
It's not the economy that is growing, it's wall street fake valuations that are getting unbelievably high. I see a complete fracture between the real economy and financial one, which keeps using its gimmicks and magic tricks to kick the can as long as possible.
The real crisis is still awaiting us.

I don't think that the stocks are overpriced now. If you look at the P/E ratios for various stocks, it can be seen that they are still at normal levels. Stocks such as Amazon and Apple went up, because their revenue increased as a result of the pandemic. Especially for Amazon, there has been a huge growth in turnover ever since the pandemic started to spread globally.
legendary
Activity: 2310
Merit: 1422
Despite the long-term effects of the epidemic on the economy the world economy is improving. People in all countries of the world have learned to prevent this epidemic. Everyone is adapting to the epidemic and the standard of living is improving a lot. The economic situation seems to be related to the extent of the epidemic. Again a lot depends on human activities. Even though many people lost their jobs during the epidemic the companies are changing their situation again. The epidemic is changing the course of the world with long-term economic progress and technological advancement.

There is no doubt that the Economy is growing, despite the pandemic. If you look at the stock market indices, then it is clear. But this growth is not uniform across the sectors. For example, tourism and airline sectors are in very bad shape. On the other hand, online retailers such as Amazon have managed to achieve ATH levels, partly due to increased demand that resulted from the pandemic.
It's not the economy that is growing, it's wall street fake valuations that are getting unbelievably high. I see a complete fracture between the real economy and financial one, which keeps using its gimmicks and magic tricks to kick the can as long as possible.
The real crisis is still awaiting us.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
Despite the long-term effects of the epidemic on the economy the world economy is improving. People in all countries of the world have learned to prevent this epidemic. Everyone is adapting to the epidemic and the standard of living is improving a lot. The economic situation seems to be related to the extent of the epidemic. Again a lot depends on human activities. Even though many people lost their jobs during the epidemic the companies are changing their situation again. The epidemic is changing the course of the world with long-term economic progress and technological advancement.

There is no doubt that the Economy is growing, despite the pandemic. If you look at the stock market indices, then it is clear. But this growth is not uniform across the sectors. For example, tourism and airline sectors are in very bad shape. On the other hand, online retailers such as Amazon have managed to achieve ATH levels, partly due to increased demand that resulted from the pandemic.
Many countries are trying to work hard in this pandemic to grow their economy.
It is not an easy job because almost all businesses are dying and need help from the government, but people still suffer because many are losing their jobs.
I admitted that online business gives a significant increase because people prefer to buy from their home while trying to lessen contact with many people.
Maybe it is time for online businesses to grow more in this pandemic while offline businesses can still get more customers.
If one company can have online and offline business as additional services to their customers, they will have a chance to grow and make money again.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
We have seen a lot of companies changing procedures and implementing more radical ways of doing their work.
Businesses have adopted new processes and technologies—and there are signs that they may pay off in the future. The pandemic and COVID-19 era could give a rapid productivity growth after the vaccination of the global population is going to end or reach a significant percentage.

Remote working and new systems that help companies being better organized are what businesses struggled a lot to adopt in the beginning of the pandemic. Now this kind of investment is going to pay off.

My company made a huge investment in adopting systems such as remote meeting places, cloud systems that help organizing documents and a way of eliminating paperwork... I believe that this is going to increase the productivity of the employees especially if those go back to work.

Have you seen any changes in your working environment like these?
Pandemic killed lot of small business already and the existing ones also will suffer a lot due to change in tax policies from most of the governments. This maybe given progress for the companies which is producing medicines, medical equipments and PPE kits but apart from that I don't find any company is making profits or progressing due to pandemic.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Despite the long-term effects of the epidemic on the economy the world economy is improving. People in all countries of the world have learned to prevent this epidemic. Everyone is adapting to the epidemic and the standard of living is improving a lot. The economic situation seems to be related to the extent of the epidemic. Again a lot depends on human activities. Even though many people lost their jobs during the epidemic the companies are changing their situation again. The epidemic is changing the course of the world with long-term economic progress and technological advancement.

There is no doubt that the Economy is growing, despite the pandemic. If you look at the stock market indices, then it is clear. But this growth is not uniform across the sectors. For example, tourism and airline sectors are in very bad shape. On the other hand, online retailers such as Amazon have managed to achieve ATH levels, partly due to increased demand that resulted from the pandemic.
legendary
Activity: 2576
Merit: 1043
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Businesses that know how to adapt easily in their environment will be the ones who will succeed.
Businesses that know how to maximize the things around them will be the ones who will succeed.

In this case, those businesses that know how to utilize the internet didn't affected by that much since they can still make revenue with the help of it. Being efficient at this time will make you survive. Now the world is slowly recovering after the pandemic. I've seen many businesses and establishments doing online meetings right now and investing into new systems that will help them stay in track. For sure even though we will be back to normal (new normal), there will be some companies that will just choose to have meetings online than having meet ups.
legendary
Activity: 2184
Merit: 1012
Companies have started changing their philosophy into more tech-related processes and systems.
This is also good for blockchain technology as it is something that it is not yet widely introduced to businesses.
The productivity is going to hit new records after the covid era will end, as employees will manage to handle their working time more effectively than they used to do in the past.
As for the efficiency and productivity of employees after the end of the Covid era, the question is quite controversial. The business will still need to find the necessary balance between office work and remote work, because not all employees in remote format are happy with some blurring of the border between work and personal space. Also, management has questions about the effectiveness of employees in a remote format, because direct personal interaction between employees also gives good results in labor efficiency.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
While we are still at the middle of the covid-19 pandemic since the vaccine made is not widely being distributed and massively being used, we can still see how the pandemic affect our lives in general on which there are various ways of adaptation that have happened wherein we see how from the traditional, all of a sudden there is a sprout of all shifting into digital/online which includes not just payment method but as well as works and studies so we can still be able to continue our normal lives living in the pandemic call it the "new normal". We did not let pandemic pause or stop our lives for a while because if we will all just wait for the vaccine to come, the world economy will suffer that can affect every individuals. With everything that happen, we can say that pandemic have brought up lots of opportunities and possible ways on how people can still make it to survive and see how economy is bouncing back from being down, now leading to slow progress which is good even we are still at the pandemic. Since we have been doing it for quite long, the "new normal" this will surely have an impact on leading those what we have been familiarize during this pandemic into a longer term of usage even pandemic ends.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
Have you seen any changes in your working environment like these?

This pandemic enlightened us how important our lives, the economy, and our businesses.

It woke us to become wise, independent, and patient on how we can deal with this kind of struggles and problem in our lives.

Not all of us are rich or in a middle class who can afford anything to sustain our needs and our lives during quarantine because there are people who suffered the most.

This crisis can be the turning point for all of the governments to see how people deal with the reality that having a good economy is the key to lessen the poverty in the country. Also for those investors, this is the time where they should understand how important risk management and patience in a business can do.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
Have you seen any changes in your working environment like these?

Yes. Many public services have switched to digital and are now available online. This is a positive thing that came from this pandemic.

Being exposed to technology especially in the aspect of online activities do not speak for economic progress, even on technological innovation. Exposure is due to the situation itself wherein people are having no other option but to do so. But still, it won't change the fact that there's no innovation occurred during this pandemic aside from creation of vaccine so I guess it won't contribute to long term economic DEVELOPMENT*. This has something to do with misconceptions. Exposure to something won't always result to progress or development. Things are far different and I'd say we are still far from that digital age at this moment, probably still in the middle of progress. Being exposed to online activities is also not a positive thing to view during this pandemic because those services who shifted to online platforms, just made adjustments and there's still a huge difference in the aspect of overall functionality of those services, which simply displays struggles on their side.
hero member
Activity: 966
Merit: 500
Despite the long-term effects of the epidemic on the economy the world economy is improving. People in all countries of the world have learned to prevent this epidemic. Everyone is adapting to the epidemic and the standard of living is improving a lot. The economic situation seems to be related to the extent of the epidemic. Again a lot depends on human activities. Even though many people lost their jobs during the epidemic the companies are changing their situation again. The epidemic is changing the course of the world with long-term economic progress and technological advancement.
They must be able to adapt to the existing circumstances. companies cannot run if no one is working, therefore now there are many and even massive work from home and remote work technology use, so that people can more easily run their business and keep the economy alive even in a pandemic
sr. member
Activity: 1414
Merit: 326
Despite the long-term effects of the epidemic on the economy the world economy is improving. People in all countries of the world have learned to prevent this epidemic. Everyone is adapting to the epidemic and the standard of living is improving a lot. The economic situation seems to be related to the extent of the epidemic. Again a lot depends on human activities. Even though many people lost their jobs during the epidemic the companies are changing their situation again. The epidemic is changing the course of the world with long-term economic progress and technological advancement.
hero member
Activity: 2688
Merit: 588
I could consider that because of this pandemic people are now voluntarily or force to move on a different stage of technological adoption which could lead to a progressive economy in a later time
Indeed sometimes we are too deep inside our comfort zone and we need some kind of tragedy to bring us out of our comfort zone. Changing lifestyle is not easy and hence we are often operating like robots and performing the same routine daily without even acknowledging and realizing that how many other opportunities are there and only thing we need to do is to break the routine.

the pandemic greatly affect with regards to economic status and development of every country. Because of this pandemic other businesses are now adopting the new technology and digital currency.
The new digital system is great if it is actually implemented for long time even after the corona virus ends. It's amazing how sometimes decisions that we take under pressure are so progressive and the education system has taken a big leap too.
sr. member
Activity: 1918
Merit: 370
The boom of digital use for business purooses during this pandemic is really something to think about. And may even be the best contribution this pandemic did in order to male ends meet and this will ddfinitely overturn the way the public sees online shopping. Not to mentiom the desaturation that happened when millions have lost their jobs. Once we've been able to recover, I bet these companies will go to desperate measures in order to get new employees, which will mean more money for the standard salaryman.
One of the positive things due to the effects of the corona virus is forcing humans to immediately switch to digital.
Because utilizing digital technology to carry out activities has proven effective in preventing the spread of the corona virus.
Regarding the work environment in my country, it can be said that it has changed drastically. Because everything started to
be done online, I still work from home until now. But by taking advantage of digital technology, many companies are starting
to run normally. This will bring good changes to the economy, and most importantly several vaccines have already started in
production. So this pandemic could end soon.
Yes I forgot about this, freelancing and working from home. Definitely took the pandemic period by storm when companies whk cannot afford to lose employees and money went all the way to bring the work closer to the people.
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