Future after coronavirus : Future prediction after pandemic - Anonymous Informer

Future after pandemic

What do you think? will the life of human will be ever the same after the Coronavirus period?

Let's find out. 

Economy after Coronavirus

Well, the economy will not be the same as it was before Coronavirus, it will need a time to recover. 

In June 2020 the baseline forecast considers a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights-the deepest global recession in decades.

Over the longer horizon, the deep recessions triggered by the pandemic are expected to leave lasting scars through lower investment, an erosion of human capital through lost work and schooling, and fragmentation of global trade and supply linkages.

COVID-19 pandemic is expected to fall down most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870.

Advanced economies are projected to shrink 7 percent. That weakness will spill over to the outlook for emerging market and developing economies, who are forecast to contract by 2.5 percent as they cope with their own domestic outbreaks of the virus.

Every region is subject to significant growth downgrades. East Asia and the Pacific will grow by a scant 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa by 2.8%, Middle East, and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%. These downturns are expected to undo years of progress toward development goals and tip tens of millions of people back into extreme poverty.

Looking at the speed with which the crisis has surpassed the global economy may provide a clue to how deep the recession will be. The sharp fall of global growth forecast downgrades points to the possibility of yet further downward revisions and the need for additional action by policymakers in the coming months to support economic activity.

A particularly concerning aspect of the outlook is the humanitarian and economic toll the global recession will take on economies with comprehensive informal sectors that make up an estimated one-third of the GDP and about 70% of total employment in occurring market and developing economies. Policymakers must consider innovative measures to deliver income support to these workers and credit support to these businesses.

The June 2020 Global Economic Prospects looks beyond the near-term outlook to what may be lingering repercussions of the deep global recession: setbacks to potential output⁠-the level of output an economy can achieve at full capacity and full employment⁠-and labor productivity. Efforts to contain COVID-19 in occurring and developing economies, including low-income economies with limited health care capacity, could precipitate deeper and longer recessions⁠-exacerbating a multi-decade trend of slowing potential growth and productivity growth. Many occurring and developing economies were already experiencing weaker growth before this crisis; the impact of COVID-19 now makes the challenges these economies face even harder.

The cash reserves of countries will be reduced because most of the countries mostly emptied their reserve in fighting with corona. 

The import-export business of countries will be affected due to pandemic fear. 

Due to job losses of people in the pandemic, countries do not have any income from taxes which they will use for future investments. 

The government will put more money in fear that no pandemic will ever occur again.

Social change

Well, People's lifestyles can't remain the same as it was before COVID-19. 

Following are some changes that can happen after Coronavirus ends: 

Its psychological behavior of human being-when we have a habit of doing something for a long time, we can't just stop it. After being afraid of Coronavirus for such a long time people don't just forget it, they'll hesitate to have any type of contact with another person, they'll afraid to do hugs, to do a handshake. People will more often do namaste. 

People will wear a mask in public places, people will sanitize their hand more often.

They will not do big group gathering-like at weddings only family and close friends will be only included in function, people will less doing parties or clubbing. 

School, colleges, and institute will become more digital, online classes will become more popular, people will prefer online classes instead of doing the study in educational institutes. Students will prefer online tuition over home tuition. 

People will do more work from home, physical appearance in offices will be less, meetings will be more on digital like on a video call, conference call. Social distancing will be there in the workplace, people will wear masks in the workplace. 

People will at least try to travel. They'll not go for random tours just for fun, they'll travel only for important purposes.

Shopping will become more digital, social distancing will happen in shopping malls, small retailers will try to sell more digitally, people will prefer online shopping, and will prefer noncash payments. 

People will take care of their health, they'll do routine check-ups more often. Hospitals will be more upgraded. 

and many more...

Conclusion

• The future after coronavirus for some years is not so bright, but after some time it will become better.
• The economy of countries will take 2-3 years to be the same as it was before the pandemic. 
• Social changes will stay 3-4 years. 
• The situation will become normal after 4-5 years. The world will become the same as it was before. 

Disclaimer: Data here is compiled from various sources and by our own research. These data can be approximate and Anonymous Informer does not make any claims about the authenticity of the data.