Covid-19 vaccine will improve the economy of countries like the United States

Since the arrival of the pandemic last year, many countries have had great significant losses both at a humanistic level and at an economic level where there was a closure of businesses where unemployment has increased, and more opportunities for new jobs, Apart from the restrictions to circulate at the national level, it has been abrupt and serious, at the same time, basic products have had a fall in world prices as well as oil and gas producers.

In a statement from Federal Reserve Chairman Jerome Powell in his appearance before the Senate Banking Committee to deliver his semi-annual report on monetary policy he states.

That the recovery is still incomplete, so the economy will continue to need the extraordinary monetary support for a while. For some of the sectors that have been most severely affected, prices remain particularly weak. "" After the large declines in the spring, consumer prices partially rebounded during the rest of last year. However, in some of the most Affected by the pandemic, prices remain especially low ", in general, in 12-month terms, inflation is still below our long-term objective of 2%," he stressed.

In Latin America, countries that dropped their economies in 2020 were Venezuela (-30%), Peru (-12.9%), Panama (-11%), Argentina (-10.5%), Mexico (-9%) and Ecuador (-9%).

News like these is found worldwide, where there are several sectors where it has declined among them we can see:

Big drops in the unemployment rate.

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Low growth in new vacancies:

Since most countries are closed, trade or partially unemployed, some others such as hotels and tourism are the most affected, this is found in government-backed plans, but this will be entirely worldwide, we can see a graph like affected the new vacancies this disease:

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Gross domestic product growth

In countries such as Italy and the United Kingdom, it is estimated that its recovery will be slow, the one that has risen after this severe disease in 2020 was China.

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After the vaccine the activity would be activated normal

They very much hope that after the vaccination day it will cause all sectors to be activated, the economy will move forward again, eliminating a little the inflation left by the Covi-19 pandemic.

In another statement by Powell:

He assured that the vaccination process is "the most important thing" for the United States economy, which is still very far from achieving a full recovery, with a high unemployment rate and inflation far from the Fed's goal.
 "While we should not underestimate the challenges we currently face, events point to an improved outlook for later in the year. In particular, whether continued progress on vaccines helps accelerate the return to normal activities,"

These statements by Powell come to sound many because if after the vaccination, everything will return to normal, opening new hope to the world and the United States, but I know that many developing countries where the pandemic has affected a great magnitude the economy even recovery does not it will be fast it will be very slow to bring everything back to normal.

What role does cryptocurrency play?

The cryptocurrency since the Covid-19 pandemic has had a significant increase where many people have taken refuge in them, so much so that it has helped many to have greater liquidity, or make investment, it has helped to eliminate physical contact with paper money, this being a great virus carrier.

Where his great trust towards it has been due to its efficient, reliable and easy exchange monetary system that does not allow to generate inflation, it is easily accessible for many people. In news that we can highlight as that of businessman Elon Musk, CEO of Tesla, they have invested many resources in bitcoins and have argued that they will accept them as a means of payment, which has caused their price to skyrocket, many people continue to buy it.

Although on the other hand many countries characterize it that they are not legal, in those countries their greatest fear is losing control of the economy of inhabitants, that this cryptocurrency changes its government and transforms it giving power to the citizen and financial freedom, in Nigeria It is one of the countries that has been affected by this great policy as well as India.

Personal conclusion

With regard to the vaccine, there are many people who are afraid of being vaccinated where it has been viralized in social networks where this vaccine does not protect against the disease, many of these people were vaccinated by obligation because they could have restrictions that if you do not have The vaccines or shopping, you don't eat in restaurants, you don't travel, it will take a long time for the economy to return to normal stability.

The cryptocurrency in our lives will be like a lifeline as it has been until now, so that many people protect their investments, others by losing their job may be able to obtain income through them, in monetized blogs, as well as Leofinance.io, or their new projects where many will arrive their #project in white the microbblogin where you can express yourself without censorship, through their rewards you can cover your needs.

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