Although the influenza pandemic has a lot of people worried about their finances, you should know that the economic recovery will be slow but certain. In this post-pandemic economy, it’s important to remember that there will be a decline in the standard of living for a period following the pandemic. Lasting economic recovery will depend on a return to normalcy, including people having jobs and using their credit cards again. The current recession may last longer because of the pandemic. The government should take active steps to assist in economic recovery post-pandemic by ensuring that sufficient supplies are available for everyone and not just those who can afford them at exorbitant prices (because remember: there will be no more TV commercials).
There will be a decline in the standard of living for a period following the pandemic.
There will be a decline in the standard of living for a period following the pandemic. This is because there are many ways that an outbreak can affect an economy, from travel restrictions to decreased productivity.
People will be afraid to travel, leading to a drop in tourism and sales of airline tickets, hotels and other travel-related goods and services. They may also choose not to go out as much due to fear or concern about getting sick themselves (this could affect alcohol sales). Additionally, if workers have been affected by illness at home or at work then their employers will have less productivity than normal which could lead them not being able …The Post-Pandemic Economy Read More