Do you think the post corona world be any different? Do you believe there with be a different way of functioning and handling the economy of the world after a week, month, year, or ten years? It is quite early to state that we will see massive changes, but there will be a few differences for sure.
The world has been facing the pandemic situation, and most parts of the world shattered with the strong forces of the Corona Virus. Initially, when people thought this was just the normal flu, rang the fire bells, and the virus spread with a speed that was not possible to chase. Not only has it affected the humans, but the economy on the whole and now with the governments struggle to be a haystack and not become shattered, the economy shield seems a bit weak.
People are working from home, others are losing jobs, the daily wagers are struggling for some extra bucks, industries have shut down, and we don’t see these issues resolving until we cope up with the Covid-19. While people have quarantined and have lost jobs, there is an increased rate of frustration, depression, and anxiety. However, we still need to uncover what the future holds for us.
Stopping the non-essential economic activity
The governments who are trying to stay safe understand the value of social distancing more than ever. Now, as we hope to see the COVID-19 situation getting under control, we will see that the non-essential economic activities will stop. Not only the particular industries but the workforces as well to ensure there is no second wave of COVID-19 and the social distancing is maintained. We know that the small changes do not make the dent, so a more significant activity to ensure the sanity and the safety of the people.
Fragile economy crisis
We all know the economic crisis that the countries and governments are going through. However, with the scare of COVID-19, the production of goods in the industries is not possible. Journalists at www.iharare.com have written about governments easing the lockdown rules to get the enterprises on track and sustaining their economy, but is that the solution? When the production has stopped, and the industries are not in the working position, there will be a significant increase in recession, and thus the economy will suffer. We need to opt for a different mindset to sustain the economy in crisis and after the crisis as well.
Rather than easing up the lockdown for all industries, we need to cut down our needs and produce what we need to live.
These are just a glimpse of the future changes that might occur. It takes time to get the economy right back on track and the economy sustainable, and without mutual collaboration, that is not possible. If the countries still don’t hold hands to stabilize one and another, it will be a lot more difficult to sustain after this huge setback.