modern economy crumble. what will happen next?

The economy can only change but not collapse

It’s time that we accept this reality and hope for the betterment of everything.

Due to the coronavirus pandemic, many countries have imposed a state of emergency or quarantine measures. This led to the partial or complete suspension of some production and services. As a result, the world economy was on the verge of recession. The main impact was on the service sector. How much will the global economy fall in the first half of the year, how long will the decline last, and what will be the results of the year? Most countries are trying to mitigate the negative effects through large-scale fiscal and fiscal policy measures. However, the lack of macroeconomic data on the state of the economy does not allow us to estimate the extent of a possible recession with a high degree of probability. However, its duration will depend on the further spread of the coronavirus and the measures taken. In these conditions, the role of leading indicators is increasing, with the support of which the authorities can adjust their policies.

That there will be changes, of course, can no longer be doubted.

In my view, it will take time but economies will recover soon by the end of the year. Major countries doing whatever it takes to control the pandemic and to recover the economy. Countries are planning for massive stimulus and planning policies to combat the virus impact.

As you can see, this was another round of economic movement, and as my forecasts showed, nothing critical happened to it.

Matthias53636et posted:
As you can see, this was another round of economic movement, and as my forecasts showed, nothing critical happened to it.

I agree with you about the next round in the economy, but it's not clear to what realities it will lead us

All the processes taking place in the economy are cyclical, and this should be understood, the UPS and downs in the economy are a normal phenomenon.

Balint564r65 posted:
Due to the coronavirus pandemic, many countries have imposed a state of emergency or quarantine measures. This led to the partial or complete suspension of some production and services. As a result, the world economy was on the verge of recession. The main impact was on the service sector. How much will the global economy fall in the first half of the year, how long will the decline last, and what will be the results of the year? Most countries are trying to mitigate the negative effects through large-scale fiscal and fiscal policy measures. However, the lack of macroeconomic data on the state of the economy does not allow us to estimate the extent of a possible recession with a high degree of probability. However, its duration will depend on the further spread of the coronavirus and the measures taken. In these conditions, the role of leading indicators is increasing, with the support of which the authorities can adjust their policies.

Most of the countries suffer economically due to the coronavirus pandemic. However, the trading activity has increase because of that.

I cannot understand, if everyone gets sick with the coronavirus, then why should countries impose such severe restrictions, and themselves lose a lot of money in the fight against something that cannot be stopped and probably is not needed. Many people got sick and nothing bad happened to them. And of course there is no 100% guarantee that you will not get sick in quarantine.

Any complex system develops nonlinearly. The same effect is observed in the global economy. Recessions alternate with rapid growth.

I think the situation will become normal again. So, don't lose your hope guys.

The crisis will have and effect for a long time, that is for sure - even after the pandemic situation gets better, which we still don't know when will happen, economies will still be struggling. But I don't think this is the death of globalization. As another poster before me said, people have been predicting the end of modern economy for a very long time.

DoraWalletInvest posted:
The crisis will have and effect for a long time, that is for sure - even after the pandemic situation gets better, which we still don't know when will happen, economies will still be struggling. But I don't think this is the death of globalization. As another poster before me said, people have been predicting the end of modern economy for a very long time.

I also think this is not the death of global economy. I think it’s kind of setback and modern economy is slowly recovering.

Despite such a shock to the global economy, there is a high probability that everything will resume, it will just be a little different.

It’s an unprecedented situation. Hence the mayhem.

There have always been ups and downs. This is a natural rhythm for the economy. It is very similar to the breathing of a living organism, inhalation and exhalation.

I liked that you defined the market as a living organism. There is definitely some truth to this. As far as I can see, everything is stabilized and continues to work as usual.

The situation will get back to normal. But it is hard to say when that will come. It’s so difficult to predict.