Post
Topic
Board Economics
Re: What if this pandemic persists till the end of the year?
by
abhiseshakana
on 27/06/2020, 12:05:20 UTC
This is inevitable, it's already predicted that our economy will struggle and we will be in crisis, so we have to be ready facing this reality.
Lucky are those who have jobs now and those who have business that are open until now as they will survive and continue to make money, but we can't deny the fact that due to this pandemic, a lot of lives are already affected, some loses their job and some companies get bankrupt, this is happening, and it's happening globally.

Even those that have businesses are not entirely spared. Though it depends on the nature of the business, but generally, customer patronage has gone low since the pandemic.

We can see this article as an illustration of the condition of the world if the pandemic is prolonged. The biggest effect is on the economic sector with a structural change in the world economy due to central bank policies pouring stimulus so that many countries are trapped in debt after COVID-19.
https://www.visualcapitalist.com/whats-at-risk-an-18-month-view-of-a-post-covid-world/

Many developing and poor countries because their foundation of the state is weak so that only the system is swayed. The fragility of the country that was hit by the pandemic gave rise to a more substantive threat, namely the threat of military sovereignty from outside. Then the threat from the internal side is a high-intensity security disturbance that threatens national security and stability. Other asymmetrical threats such as drug invasion or outside ideology. With so many threats arising from a pandemic the concept of defending the country must be strong from within, with the military as a leading sector supported by other components who are ready to defend the country.