How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same? Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated.
The economy will recover with a different approach and it is with the help of modern technology I guess because with this pandemic, we have been relying more into using online banking, online selling (shopping) on which it have already become part of our daily lives with months of quarantine we have due to this pandemic. The economy will gradually recover and that is for sure but it will just have to take a slow recovery for there are lots of things that are needed to be fixed to fully get back into the normal situation.
Good thing that based on the recent news I have read while scrolling my social media, Russia have already done the final trial for the first ever Covid-19 vaccine that I hope be the cure for this infectious disease and will let this pandemic come to its end. Maybe once this vaccine have been proven to be effective, we can say that the economy will be ready to be worked out to a recovery stage that I hope to happen very soon.
Even if there is still pandemic, we can still work on to the recovery following the "new normal" set up with the help of the modern technology so we can still continue the work on helping our economy recover even on a slow phase for now.