Post
Topic
Board Economics
Re: Corona has killed economy of many businesses
by
clickerz
on 19/05/2020, 04:44:36 UTC
I don’t see corona leaving any time soon if a vaccine can’t be produced. A vaccine that cures and make you immune to the disease.

Even if vaccines will not be produced we cannot continue to live under lockdown.
It will be a huge economic disaster and many people are going to lose their jobs due to that because businesses are going to be closed.
We are going to see huge decrease in the world's GDP already so we should not continue this bad trend.

I can see only 2 positive aspects of the lockdown. Not all companies need to have an office to work, or as big office as they have at the moment. They can cut down on some expenses with that.

Company management can reorganise work. They can find weak links among workers and substitute them with new or delegate their tasks to others.

Sad but true. It is predicted that about a year or two that the economy will recover. Also, In addition it is said that many businesses will not recover and shutdown. For the leaders, this is a difficult balancing act between the economy and this pandemic.  Hopefully, there are announcements on progress on human testing of the said vaccine.