The economic crisis is severe . Undeniably we have reached a rock bottom , where one needs to change everything , how the world works , how we understand economics , how the volatility would be controlled with respect to the Fiat .
I have had taken part in the discussion of a lot of negative but true situation , I would like to ask you guys to mention some positive points on the economic situation and other sectors despite the Corona virus .
Let me mention some positive things that I think could lift some burden up .
1. Due to Quarantine people are spending more time with families plus all the businesses and schools are working online , after the quarantine one can easily hope for an increase in online job opportunities , which is a big deal for some students and other sectors .
2. Home owned businesses + Local business are flourishing, due to Quarantine import and export is definitely not working as efficiently , therefore each country is working towards making their own markets more valuable. Which inturn for the long run means a lot since most of the people are involved in home owned businesses which was ignored previously.
3. People are moving towards Sustainability , countries in the future will be able to take care of the needs of their people , focusing the priority on their areas which inturn boosts the living conditions of the local community.
4. With the Quarantine and complete lockdown , environment is recovering, some of the most severe ozone holes are closed , pollution is getting controlled , feels like it is something that nature did to make sure the earth recovers from the wildfires all around . This means one would be able to efficiently renew the economic situation as a whole.
5. Total renewal of the government and the economic situation is in order , since this system has proved to be inefficient in handling situations like these.
6. Cryptocurrencies are getting more popular since using them have enabled people to sell their services across the globe . without additional documentation and problems.
Despite the fact that this Pandemic seems to be negative in Economics, I am of the opinion that it is channeling a new way of thinking that will greatly affect the Economics of the world in a positive light. We will get over the virus and through our instinct to survive, we will find a cure for the virus.
As history has shown, man has always found a way to bounce back through the recession and this is no different, already we seeing new disruptions in different industries . People are finding ways to thrive during the Pandemic