COVID19 might have taken us 20 years back. But, it doesn't take further 20 years for us to bounce back. How long it may take?
At present, there is certainly an economical standstill but is of a temporary nature.
We have the infrastructure and the technology ready. We have the thinking brain, willing heart, and the working hands to dedicate ourselves and overcome the financial crisis. It may not take a longer time for us to bounce back and be on the track of progress.
What is your take on this?
- SocratesLv 72 months ago
I'd say two years.
- nevin0020Lv 52 months ago
I don't think you quite understand how things work. Businesses are being decimated. Like you can't just stop a business from operating for 4 months and expect them to bounce back, most will shut down. They're expecting restaurants to run with social distancing measures and reduced capacity meaning, yet the way restaurants and bars work is by jamming in as many customers as possible, so they'll shut down. Planes also run by shoving as many people in as possible and with all the travel restrictions, they'll be gone. And so many other businesses are just not going to survive this. And when they don't all these unemployed people will saturate the jobs market. After the second world war people in the UK were still on ration books in the 50's. And this economic crisis makes that look like nothing.