Post
Topic
Board Economics
Re: Crisis after the epidemic
by
arowana33
on 30/04/2020, 22:02:40 UTC
Personally I believe in crisis after this pandemic. The crisis will be painful for some countries more than for other countries, the same is for people, some will suffer more than others. How long it will last nobody can say, all we see are speculations, and we can assume that for some countries and for some people recovery will not be easy and fast.
much will depend on the economic impact of the pandemic. now it is certain that much of the world will experience a recession, in strict technical terms. recession is defined as two consecutive quarters in which economic contracts. and this quarter of the year has been lost in terms of economic output ...
I agree that if this is only "speculation" with you, it is not known that the recession will continue to confront us which will eventually turn into depression, a decline that goes on deeper and wider in all areas of economic activity...
I believe that all govs will show us how good we are after pandemic, that's we alright and like nothing happened
but people will feel this weight of broken economy on their shoulders for good 1-2 years at least
a lot of companies and countries faced very harsh times so did the people