Post
Topic
Board Economics
Re: How long this crisis will be?
by
maxdin
on 01/04/2020, 05:41:28 UTC
I think this crisis will ended soon because China have announce for Wuhan region will back normally and their people there have out and get activities like usually, I think with other country will back soon and get normal activities every time. Now we are waiting with bitcoin and altcoin when back to higher price.
I believe that everything will depend on how the most developed countries cope with the epidemic. China has introduced very stringent restrictive measures for its citizens through the military and face recognition systems. This led to a very rapid localization of the virus and its elimination with the help of hospitals. On the example of Italy, we can see that countries are not ready for something like China.
I think it is not that the countries are not ready to do something like China but China started early enough to start the fight without waiting or procrastinating about it. This was how they were able to curtail it.
But the point is - every country will suffer a lot from current event.
Current economy system does not stand any pause or slow tempo.
Even if we live through this phase without big default - we'll have to fight aftermaths for several months