It's almost 6 months since the coronavirus took its toll on every aspect of human lives. it has been accompanied by widescale job loss, a rise in the unemployment rate, a reduced standard of living, and intense hardship. From the economic perspective, what will be the fate of the global economic situation and normal day to day business if this pandemic doesn't go away by the end of this year?
Hard Truth:
The pandemic is not going anywhere.See , we have seen companies selling drugs in the name of coronil and all but at the end of the day *What drug would work on a virus* ? , We cannot use the same ones for more than a specified amount of time.
Our best bet would be
Vaccination.Which some companies say that they will be releasing by the end of September or so . Even after the vaccine , comes the production and usage of the same. It would take a lot of time for the government to make sure it reaches to everyone.
Lets talk about polio
From 1916 onward, a polio epidemic appeared each summer in at least one part of the country, with the most serious occurring in the 1940s and 1950s. In the epidemic of 1949, 2,720 deaths from the disease occurred in the United States and 42,173 cases were reported and Canada and the United Kingdom were also affected.
Now it's eradicated but it still took a lot of years for the same , therefore corona virus is going to be here. We have to make sure that we adapt in regards to the same so that we are able to follow the day to day routine without any problems.
What we can do is : Adapt
Pandemic is going to last at least 2 years more ~
Economic situation is going to plummet soon enough since we are seeing premature opening of the public places . Most countries need to get ready for the second or third wave.