Do You Think COVID-19 Has Had Only Bad Effects to the World Economy?
When Covid19 started spreading like wild fires, people remained home due to strict restrictions aimed at averting it’s spread. Quite a few workforce remained in action, and we therefore had to devise other means of survival. But what is important to note, is that a big member of people were rendered jobless and maybe their situation has remained the same to date. However, many others have gone on to become innovative in one way or another in order to make a living. One the other hand, in the news today companies like Amazon, Facebook, google, twitter and many others, have seen a surge in their sales and profits. We must remember that, they have also been hiring many employees of recent. I guess this has been due to this surge in demand for their goods and services. I guess now they more workforce than before Covid19 outbreak! It’s real that these organizations are benefiting from covid-19 pandemic basing on these surging profits and maybe the windfall can come your way sooner than later. Therefore, do you think the pandemic has done more good than bad. What’s your opinion?
Its boosted online trade and China have done really well out of it!!
Of course, companies producing personal protective equipment did well since the beginning of the outbreak.
Companies that produces preventive materials like face mask and hand sanitizer have made huge profits in business. Health professionals were highly paid. Social medias have received high patronage since the outbreak.
It’s is true that the covid19 pandemic Has caused many damage all around the world including healthy, economy,education ,sports and so on. Many countries and big company have suffered and continue to suffer.in the other hand we can notice some good news ,many companies have never stopped working, in fact their production has rised. The decrease of air pollution and water pollution is also a positive aspect that have to be notified.
The pandemic of course has set a larger stage for the internet in the world economy. The pandemic really fasten the digitalization of the world economy. It is like the period during and after the world war I and II. The world wars severely damaged the economy in that period. But, at the same time, it increases economic opportunity after the war has ended.
The power of the internet was exploited fully since the beginning of the outbreak. Virtual conferencing, messaging… and the list goes on.
Thanks David, of course many other opportunities have come up.
Some individuals have benefited with out break of covid 19.In Africa where most countries are managed by thieves and dictators,a lot of budget allocation has been made in the name of Corona Virus.
But when you go in hospitals doctors are crying for grooves ,facemasks and other medical instruments to use while working.
Yes bro Eli Davis. I get what you’re saying, it’s a dire situation in our city here, we are witnessing it every day.
Ofcourse its make economy in the world down everyone scared aboit it
I don’t COVID-19 effected anything positively, not to talk of effectively support the growth of economy.
People working from home will save business a lot of money in the long run if they can relinquish office space – although this will create a problem for the Landlord.
The pandemic issues has caused many damage to the world specially, the health, economy, education, environment and son but it has created some positive for some Companies that make mask, gloves, higher use if Internet, many jobs for journalist, health professionals.its has also contributed to decrease the water and air pollution.
Everything has its advantages and disadvantages, but, in the case of COVID-19, it’s disadvantages is higher than advantage, its adversely affect economy and human lives.
The bad effects far outweighs the good effects. It is like a ratio of 9 to 1.
COVID-19 did not have any positive impact on the economy.
I agree with you Kenneth. Exception is companies that produces equipment for hospitals and companies that sell goods on the net.
If we take a look around the world, the economy is at its worst point. Many companies have collapsed, people are suffering to make a living, no jobs,etc but it was a great Event for some companies who really didn’t stop their activities, but they doubled their products.
Yes, when we take an example of companies like Amazon and Alibaba, this has been a blessing in disguise. They made alot of money during this time and they employ many people. It’s a big positive here.
Yes it has bad effect to the country economy, that’s for some individuals
COVID-19 indeed has a bad effect on the world economy. But, there are sectors which reap tremendous benefits from this pandemic. The pharmaceutical industry, internet-related industry, and cryptocurrency gain tremendous growth during the pandemic.
It is true that people have suffered, they lost job, and the world economy decreased companies and factories collapsed but there are some sectors who didn’t stop working, instead of having negative impact, everything went good and they increased their productions.
It has had mixed effects.Many corporate companies have been forced to have their workers working from home.And look at the travel and hospitality sector. Not so much travel these days.And if you live here in the United States you cannot go to Canada now.The only sectors doing goid are food and pharmaceuticals.I only hope that things will get back to normal .