Post-Pandemic Economy -By Anase Momoh

Whether you want to hear this or not, the output in the recent economic analysies is a complete knockout. Several, I mean several companies are laying off their employees just to lighten their extra effort this period.

Frankly, I don’t see any reason why employers pay off their workers all because the company has refused to blossom this time. Oh! Is it because the expected or let me put this way, the desired target initially drawn out at the beginning of the year is going down the drain, and hence the required production can’t be very well met?

I feel this is the time a particular industry and or company is meant to hold each other, build each other and jealously nuture their drive towards a better standard in solidly investing and equally stabilize their project before these cloud above us eventually rolls away.

The determinant factor here isn’t just an economic run down especially in major agencies, but synonymously a lot of companies had upgraded to the level of communication via the media. Hence, industries as Zoom, Microsoft Teams and Google Classrooms has improved in the last few weeks and major conferences and webinars are now proportionately taken online.

A recent report from the World Economic Forum (WEF) ultimately addressed the issue of considering the effort of robotics and Artificial intelligence (AI) to keep the economy on a better scale to balance the economy and swim out of these wide-eyed saucer. But there are two things to note here: the use of these digital technologies could either make or mar the output. Trust me when I say, a lot- a lot of operators may struggle at the end of the day if they are replaced with this set of technology oriented robots. Humanly speaking, most employers are only surviving on their monthly or annual stipends or allowances, and if at any point the privilege is taken away, how do they feed? Hence, unemployment.

How would the whole world look like when these is all over? Are we gon’ feed on the remains left of us or, position ourselves to mandatory and collaborative efforts to kick this out before it drains our energy? Some of us don’t even know what this is about. You think it’s a joke that the whole world is battling a huge and a major pillar in the economy- oil crash? You still don’t know what it means? Well, it means the economy is on tailspin; yeah, that’s it!

It’s just so messy at the moment, and I see the reason why so many companies are at the verge of closing up deals and starting all over again, if and ONLY if they have enough capital at hand too, because I tell you, at the end of these a whole lot is going to be on the increase and it depends on the the survival of not just the fittest, rather the fastest in several “markets” and most importantly the stock exchange.

Necessarily, it takes patience to keep the economy afloat now. While that is ongoing, a strong force and resiliience can bring back what we had lost. Just beyond this tunnel is the light. However, the whole world needs to be more determined and persistent to fight against the common and invisible enemy.