The same as what we're experiencing today. But all of these are temporary because we'll be going back to normal as soon as possible whenever we've got to see the vaccine. It will end all of these bad things that are happening to us.
The adjustment has to be made so that it can ensure everyone's safety but the recoil of it to the economy is huge. There will be a slowmo recovery as for the economy because most countries are starting to allow businesses to get back again to their operations.
Topic: What if this pandemic persists till the end of the year? - page 7. (Read 595 times)
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?
I would say we can surely see worse than these. And I think if these will happen corona virus is not the major problem to solve but the chaotic madness of every individual or group of people who are willing to do anything they want for survival.
The socioeconomic impact of this crisis could be felt for a lot longer, that's how crises work...
I think we could see a trickle down affect occurring a lot of the time so the working class will probably be the worst hit by this as a lot of engineers may be unemployed. If unemployment rises in Europe, a lot of money could be lost by companies due to paid severance that's required for every worker (not sure about other continents)...
The impact of every crises lasts a very long time, it may take up to 3 years for a lot of people to find work or some may never since automated systems may have taken the place of staff during this time.
I think we could see a trickle down affect occurring a lot of the time so the working class will probably be the worst hit by this as a lot of engineers may be unemployed. If unemployment rises in Europe, a lot of money could be lost by companies due to paid severance that's required for every worker (not sure about other continents)...
The impact of every crises lasts a very long time, it may take up to 3 years for a lot of people to find work or some may never since automated systems may have taken the place of staff during this time.
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?
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