I think most of us would rather not have had COVID. It has been devastating for many economies and it took a bad toll on people. However it has had some side benefits (some may argue that having Trump removed for now may be one of them, LOL).
I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.
A source on the matter.
I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.
Quote
demand for services that can be performed remotely or provide solutions to the challenges of reduced personal interactions, such as information and communications technology (ICT), and deliveries, has increased significantly. In a span of three months, the pandemic has resulted in a 63 percent reduction in demand for hotels, while increasing demand for ICT by a comparable rate
A source on the matter.
It is just inappropriate for me to think positively about Covid-19. It took so many lives, it prevents us from traveling, going out. So no progress is worth such losses. To my mind, humanity will be able to reach this level of tech-development without this disaster as well. So many problems for the economics of all countries. Of course, investors are not in losses, we were able to buy more assets both in the stock market and in crypto during this drawdown, but I don’t want to be selfish.