The New Economy: 6 Ways How The Coronavirus Has Changed The Global Economy

• The lockdown period has brought about many necessary innovations and realizations pertaining to better and more efficient ways to conduct business.

• The COVID-19-led lockdowns have accelerated this trend as companies have been forced to allow their workers to work from home using platforms like Zoom to run everything from business meetings to job interviews.

• Some businesses have addressed this problem of being compelled to ask their employees to work from home by employing automation to replace humans.

• Currently, there are ~50 banks around the world experimenting with various digital currencies.

• According to data released by The United Nations, global tourism fell by 72% last year, and some predict that business air travel could be completely eradicated as corporate businesses move to utilize online tools for businesses meetings.

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