Post
Topic
Board Economics
Re: What if this pandemic persists till the end of the year?
by
bearexin
on 26/06/2020, 08:13:08 UTC
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?
The job loss, increase in unemployment, and other problems you have mentioned here were as a result of shutting down the economy. The government has done that and they now see that it’s not going to work since it’s having a negative effect on their country’s economy, so they have to look for other means to fight the virus and also let people return for their daily routines. Already this has affected so many countries and so many people are now jobless with no means to take care of their families.

The worst part of it is that there is now a protest going on in some countries and people are at the risk of getting infected and increasing the number of cases around the world. I hope the vaccines arrive quick to save all the humankind from economic collapse at least (yes I am aware of vaccine is to save us from virus infection but I say about saving people first and then people will save economy of global afterwards Cool).