Post
Topic
Board Economics
Re: Pandemic Coronvirus Impact On Global economy
by
hunter7519
on 12/07/2020, 13:03:06 UTC
The world is surrounded by the COVID-19 and so the demand for the decentralized economy is increasing as a way of maintaining social distance. Does Pandemic Coronavirus open the door for the decentralized economy? Please justify your answer. Cool

The epidemic had a negative impact on the economy. Restrictions have limited production and consumption possibilities in many countries. There has been economic stagnation and recession. Unemployment and social dissatisfaction have increased. In addition, central banks have mass printed money, which will result in rising inflation and loss of savings for some people. In addition, the restrictions introduced in many countries still prevent the return to production and trade before the epidemic. I am afraid that after a period of temporary economic stabilization there will be another economic crisis or violent socio-political events.