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?
most of small and medium sized businesses are going to close and won't be open in next year at least, because rent payment is going to be higher for sure.
most of human population will have 0 saving and/or credit debt which is going to lower their purchasing power (dead small businesses once again).
unfortunately, criminal activity will increase everywhere.
If we're going to be kept like this for another 6 months I believe we will have to work this out for 2 years at least