It has been about three months that the global economy was hard hit with disruption that had not been experience in a long time.
Even the 1929 economic depression does not have negative impacts as the covid-19 economic impact.
Some of the effects of the Covid-19 affected both individuals and businesses. To individuals here are the effects;
1.Loss of livelihood as a result of loss of jobs.
2.Loss of lives. Those that died as a result of the Covid-19 infection.
3.Social Distance. There is a ban on freedom of movement.
4.Threat of everyone to everyone.
To businesses, some went bankrupt even some governments had to run to the UN and IMF for aids.
Most economies are re-opening and businesses are now operating partially.
The question is this; what will happened to the global economy if there is a spike in the spread of covid19 again ?
actually the curva does not guarantee the existence of data that can be accurate, because sampling in some countries may be uneven because the presence of swab devices is not yet fully available easily or the results obtained are quite long because laboratory tests are still rare. individuals can not do their own test results because they are expensive, other than carried out by state institutions that do have these facilities. if the test is quite evenly distributed then there will definitely be a worrying surge.
what is feared at the moment is a subsequent pandemic or it can be called a second stage pandemic. obviously there will be more going on and the already difficult situation of the country due to the concentration of this problem will increase again. not yet the funds that have to be spent will increase which must be distributed as assistance to those directly affected by their daily needs.
but the state cannot receive the proceeds from the community tax because factories and many businesses that have been contributing funds from taxes cannot be operational.
then it is not an alternative if it is prolonged so many countries will ask for help from countries whose economies are still surviving or from the IMF to be able to provide debt.
there is no other way that vaccines and drugs must be obtained immediately to immediately break the chain of prolonged transmission. because so far what has been done is to reduce direct contact from the sick to the healthy so that transmission does not occur, not to cut off transmission.
because all forms of handling so far, such as keeping distance, wearing masks, not gathering and staying at home have been done and do not make transmission stop.
the good news is that a vaccine has been found and is already in clinical stages in humans so that if it is successful and there are no side effects it can be used and reproduced.