The outbreak of COVID-19 pandemic is an unprecedented shock to the World economy.Many emerging and developing economies were already experiencing weaker growth before this crisis; the shock of COVID-19 now makes the challenges these economies face even harder. Economy after Covid-19 may change up with changed lifestyle, purchasing behavior and way of doing business through new interfaces.
That's certainly true, mate. The COVID-19 pandemic has impacted the mainstream economy so much, that it has forced it to change. Now everything is expected to become digitized as COVID-19 encourages social distancing. This means that our jobs will never be the same as they were prior to the pandemic. Remote work (telework) will become the norm, as well as, digital payments in a post-COVID economy. It'll become a new era never before experienced in human history. By eliminating the need for physical interaction, our world becomes much safer. CBDCs will play a huge part in the radical transformation of the world's economy in the future.
For the economy to begin recovering itself, the vast majority of the world's population needs to be vaccinated against COVID-19. Without health, the economy will only go down instead of all the other way around. Everything will depend on collaborative efforts between the government and everyday people for the economy to survive. Just my thoughts
