covid 19 The world post the pandemic (after the pandemic ends)
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Life after COVID-19 Era
The pandemic has already started affecting the economy worldwide. India is witnessing thousands of frightened labour on roads who want to go home fearing no future livelihood. Manufacturing Industries cannot operate during the lockdown. The IMF has recently announced that COVID 19 will lead to the biggest recession of the time. News is prevailing that big companies may lay off a large number of employees worldwide. Mass retrenchment shall lead to unemployment. Immigrants will be worst affected during the pandemic. No doubt, the petrol and diesel cost shall be raised sharply. Unemployment, Recession, less buying capacity may result in the elimination of small retail businesses. Manufacturing industries may fall short of labour, may have to give higher wages to retain labour. Export, Import, International Treaties, Immigration shall also be worst affected. Work from home culture, however, will be a preferred mode for corporate working. People will prefer packed food over dining out. Healthcare industries including doctors, hospitals shall be in high demand and may become too busy. There will be an increase in the number of subscribers to health insurance. Pharmaceutical companies shall also be making a profit. People will forever be fearful after the Coronavirus.
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