The whole world is worried for only one reason: CORONA VIRUS. It hit the economy, education, social life and movement of people.
Another big challenge is the issue of Mental Health: for students, teachers, employees, employers, skilled and unskilled labourers, doctors, police, administrators...long list.
The question is: how long it goes on? What will be the repurcussion of the terrible outbreak?
Dear Pradeep Kumar Sahu,
In 2020, the SARS-CoV-2 (Covid-19) coronavirus pandemic has become the largest factor affecting many areas of human life, the functioning of economic entities and institutions operating in many different sectors and industries of the economy. In March 202, the World Health Organization announced the state of a global epidemic, i.e. the state of the SARS-CoV-2 coronavirus pandemic. Since then, the level of economic growth has fallen sharply in many countries, unemployment has started to rise, the incomes of citizens and companies have fallen, the level of investments, production and services provided to markets in many sectors of the economy has fallen. In the situation of lockdowns and recommendations to use home quarantine, many companies have introduced a remote work formula for their employees. Previously traditional, stationary education processes carried out in schools and universities were converted into a remote formula, conducted via the Internet online with the use of Internet messengers and videoconferencing applications. Many companies have moved their sales channels to the Internet. The turnover of online stores has increased. More and more people order various products and services as well as deal with matters with offices and public institutions remotely via the Internet. The pandemic accelerated the processes of internetisation and digitization of economic processes. However, many micro-enterprises and SME sector companies offering services provided traditionally as part of the appearance of customers in specific public places, e.g. tourism, catering, hotel, etc., cultural institutions, including theaters, cinemas, galleries, etc., were left by the pandemic situation forced to suspend their activities or significantly reduce the scale of services provided and found themselves in serious financial problems. Therefore, already in the second quarter of 2020, there was a strong economic recession in many countries. At the end of 2020, symptoms of economic recovery began to appear. First, from November 2020, the economic situation on capital markets, including securities markets, clearly improved. There are also noticeable reductions in the scale of the downturn in some sectors and sectors of the economy, and the decline in the level of economic recession. Noticeable symptoms of the improvement in the economic and social situation are the result of the currently starting (January 2021) vaccination programs for citizens with the use of highly effective vaccines against the SARS-CoV-2 (Covid-19) coronavirus. Most likely, as early as the spring of 2021, large-scale public vaccination programs will be carried out in most countries of the world using Coronavirus vaccines produced by at least a few pharmaceutical companies. Therefore, it is predicted that by mid-2021 at the latest, the current 2 and 3 waves of the pandemic should expire and many of the current problems will end. Hopefully that will be the case.
Best regards,
Dariusz Prokopowicz
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