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Showing posts from June, 2020

The end of consumption

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The coronavirus is causing a massive economic recession. People will no longer consume as much as before, but will now buy more consciously, thinking about saving, for fear of a second wave of the virus. With regard to the characteristics that mark the current economic situation in the world caused by the Coronavirus and that will condition it in the future,  according to Deloitte in his report entitled "The Economic Impact of Covid-19" this pandemic could affect the world economy in three main ways: directly affecting production, creating disruptions in the supply chain and market, and by its financial impact on businesses and financial markets. However, much depends on how the public reacts to the disease.  In fact, production and the supply chain were greatly affected by the cessation of consumption, in addition to the closure of borders. The public's reaction to the economic situation generated by the pandemic is proving to be different from their reaction in the 20

Rebuilding the world

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The coronavirus appeared in our lives without warning, causing great changes and leading the world to new social, political and economic habits, affecting at the same time the way we live our lives.  After about three months of confinement with all that it has generated of fear and preoccupation, people have finally been able to go out to the streets, adapting to the new reality, characterized by the new rules of protection. A feeling pervades all people that life is going to change, although relatively. We are facing new concepts and norms of social behaviour, social distancing and self-isolation, as well as the closure of bars and restaurants. This situation could last a long time, especially in view of the fear of the second wave of the Coronavirus. In the economic field, it is already known and perceived that the Coronavirus is causing an economic crisis similar to that of 1929. This situation leads us to ask ourselves, What form will this new economic situation take? Econom