How COVID-19 will change the world?



How COVID-19 will change the world?

Scientists believe that if the epidemic drags on or its second wave comes, it is likely the emergence of new behaviors that several months ago could not even be imagined.





After the coronavirus pandemic, the world will never be the same again. This thought is no longer in doubt. New habits, new patterns of behavior, new foundations will appear.

Closed borders

The era of globalism will have a serious competitor — an increase in the desire of citizens of different states to shut themselves off from the outside world, to protect themselves, their families and their home from all who can carry a potential threat.

Europe is particularly affected by the pandemic. It is not difficult to imagine how Eurosceptics will nod to the open borders of a united Europe, as a factor in the development of the epidemic. Foreign tourists and migrants can be found guilty of all troubles.

Money

Cash can keep coronavirus for several days, WHO acknowledged.

In February, China announced that it would destroy and sanitize cash in hospitals, buses, and markets in areas seriously affected by a coronavirus.

To offset the amount of money supply, banks will issue new cash. So, in January, the Central Bank of China allocated 4 billion yuan — 573 million dollars in new banknotes in Wuhan.





People will increasingly refuse cash in favor of electronic payments. According to scientists, the situation when a state completely abandons cash is only a matter of time.

Entertainment

Industry entertainment awaits serious rollback and transformation. Based on current realities, the UN World Tourism Organization predicts that in 2020 the number of international tourists will decrease by 20-30% compared with last year. We are talking about reducing revenues from international tourism by 300-450 billion dollars and the loss of millions of jobs.

Closed cinemas and the transfer of filming new projects will cost the film industry billions of dollars. It will not be easy for the music sector, restaurant business, entertainment centers — all this infrastructure, which has long been a part of the usual life of big cities, has now come under attack and could be greatly reduced.



But the real boom is experiencing computer games. In February alone, the global industry for gaming and other online applications grew by $150 billion due to a record number of downloads by Chinese users.

Shares of Tencent, China’s largest mobile gaming provider, are now at a 20-month high, with a market capitalization of more than $500 billion.





At the same time, some companies in the gaming industry were affected by the coronavirus. For example, Sony and Nintendo, whose hardware supplies are dependent on China. Nintendo's shares, which rely on equipment sales for more than half of its revenue, fell nearly 9% in 2019 due to concerns about the release of the Switch game console.

Habits

After the epidemic, people will avoid crowding in confined spaces — in museums, it is reasonable to impose a restriction on simultaneous visits so as not to create a crush, in theaters and cinema it is advisable to make large spaces between the seats. This will affect occupancy but will help bring people back to the halls. There will be many who completely stop going, completely switching to online streaming. As an alternative, the eternal classic can return — watching an open-air movie in a car but only for temporary socialization. Live concerts are already a reality today, and it will open up great opportunities for new artists.

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