LuckScout.com
This Is How We Want to Become Millionaires!

Questions and StoriesCategory: QuestionsDo You Think COVID-19 Has Had Only Bad Effects to the World Economy?
Jackson Mugarura asked 3 months ago

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?

Login to comment.
20 Answers
Gareth White answered 3 months ago

Its boosted online trade and China have done really well out of it!!

Login to comment.
David Matlala answered 3 months ago

Of course, companies producing personal protective equipment did well since the beginning of the outbreak.

Login to comment.
Nnaemeka Victor answered 3 months ago

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.

Login to comment.
Leno Jean Pierre answered 3 months ago

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.

Login to comment.
Ahmad Khasan answered 3 months ago

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.

Login to comment.
David Matlala answered 3 months ago

The power of the internet was exploited fully since the beginning of the outbreak. Virtual conferencing, messaging… and the list goes on.

Jackson Mugarura replied 3 months ago

Thanks David, of course many other opportunities have come up.

Login to comment.
Eli Davis Keinamura answered 3 months ago

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.

Jackson Mugarura replied 3 months ago

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.

Login to comment.
fransisca answered 3 months ago

Ofcourse its make economy in the world down everyone scared aboit it

Login to comment.
Kenneth Ogbonnaya answered 3 months ago

I don’t COVID-19 effected anything positively, not to talk of effectively support the growth of economy.

Login to comment.
Gareth White answered 3 months ago

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.

Login to comment.
Leno Jean Pierre answered 3 months ago

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.

Login to comment.
Kenneth Ogbonnaya answered 3 months ago

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.

Login to comment.
Nnaemeka Victor answered 3 months ago

The bad effects far outweighs the good effects. It is like a ratio of 9 to 1.

Login to comment.
Kenneth Ogbonnaya answered 3 months ago

COVID-19 did not have any positive impact on the economy.

Steinar Kloverod replied 1 month ago

I agree with you Kenneth. Exception is companies that produces equipment for hospitals and companies that sell goods on the net.

Login to comment.
Leno Jean Pierre answered 3 weeks ago

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.

Login to comment.
Jackson Mugarura answered 3 weeks ago

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.

Login to comment.
Kenneth Ogbonnaya answered 2 weeks ago

Yes it has bad effect to the country economy, that’s for some individuals

Login to comment.
Ahmad Khasan answered 2 weeks ago

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.

Login to comment.
Leno Jean Pierre answered 2 weeks ago

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.

Login to comment.
Myriam Pierre answered 4 days ago

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 .

Login to comment.
Login to answer.
Scroll Up