Life after Panademic
LIFE AFTER PANDEMIC
Economic perspective
The magnitude and speed of collapse in the economic activity that has followed since the world was put into a great lockdown is unlike anything experienced in our lifetimes. While there is no way to tell exactly what the economic damage from the global novel coronavirus pandemic will be, there is widespread consensus among economists that it will have severe negative impacts on the global economy. Early estimates predict that if the virus becomes a global pandemic, most major economies will lose at least 2.4% of the value of their gross domestic product by 2020, leading economists to reduce their global economic growth forecasts from around 3.0% to 2.4% by 2020. While the global economy has suffered, Nepal alone cannot be an exception. According to the annual Asian Development Outlook 2020 report, the multilateral funding agency slashed its growth forecast for Nepal to 5.3 percent this fiscal year, which ends mid-July, a sharp decrease from last year's 7.1 percent growth. At the same time, the unemployment rate in the United States, the world's largest economy reached 4.4 percent. Unemployment has risen in most developed countries. The situation is expected to be more pathetic in developing countries like Nepal. Monetary issues such as unemployment, poverty, reduced remittances can be seen in the context of Nepal. The effect of this global pandemic can be in sectors like: financial, industrial, tourism, hospitality, airlines, movie industry and government revenue collection.
Psychologicalperspective:
An estimated – one-third of the world’s population is living under some kind of lockdown or quarantine. This is arguably the largest psychological experiment ever conducted. During the pandemic, individuals are faced with stress of different kinds, such as the risk of contamination, fear of getting wiped out or losing friends and family, as well as the possibility of budgetary hardship, yet individuals are further relaxed due to less work pressure and less examination burden on undergraduates. However, as there is an end of pandemic, individuals get going to their work, all the work that has been accumulated ought to be done quickly and understudies get assessment and study pressures. All sorts of get-away are cutoff to finish the syllabus and workload. Along these lines, again all the hustle and bustle, rushing about will begin. Presently as the legislature is additionally intending to loosen up the lockdown still a few people are in the dread of this infectious ailment. It is truly challenging to persuade the individuals that dread must not be permitted to command one's life yet everybody ought to acknowledge the way that we presently have a one of a kind chance to utilize this emergency to do things any other way and work back better economies that are increasingly manageable, versatile and comprehensive.
In a nutshell, if the pandemics become the new normal, the new normal will confront loads of difficulties yet we will definitely fight back. Several bright dimensions can be explored after a pandemic .The financial system starts moving. This pandemic has taught us to be prepared for the worst. So, improvement of health services, development of saving habits, economy in spending pattern, much less social gatherings can be observed. Self-reliance on the agriculture sector is very significant. Nepal, being an agricultural country, is beginning to become more and more autonomous in the agricultural area. In fact, the initiations of urban divisions into terrace farming is very welcoming. Above all, Thanks to COVID-19 pandemic for giving us the major lessons that "Save your money and one day your money will save you."
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