Post
Topic
Board Economics
Re: Economy after COVID-19
by
Traderbtcc
on 27/12/2020, 07:24:54 UTC
How do you think the economy will be after COVID-19's demise? Will it gradually recover? Or will it stay the same?
The economy of every affected countries crumbled during the pandemic, since people could no longer go about with their daily business, I believe everyone expects the economy to recover once there's a cure for the deadly disease, but unfortunately I doubt if life will go back to normal cause from the price of every commodity has risen up, I doubt if those producers will agree to reduce the prices of their goods they will still want to get that huge profit they are making now.
Will central banks collapse to a point where only people transact with decentralized cryptocurrencies in the free world? Your input will be greatly appreciated. Smiley
Since crypto is not yet officially legalized in any country, I don't think the central bank will collapse if people continue using digital currencies for transactions online, cause no matter what they do they will still need to change their crypto currencies to their country's fiat to be able to purchase any item in their country.