Luis F. Aleman’s Blog

After every recession, there is a period of economic recovery that aims to renew everyone’s interest in businesses. Workers are rehired, businesses reopen, and people return to their standard methods of spending. The rally is the rebuilding stage of an economical process.

Analysts often refer to the health of an economy. Partly, this is a metaphor. For example, productive periods with full employment could be described as hearty and healthy. By contrast, times of mass unemployment and inefficiency might be deemed anemic. The truth is that the actual physical health of a population is closely related to the economic health of its community.

Economics is a behavioral science that tries to understand how resource scarcity affects human behavior. The most widely accepted definition of economics is the study of all aspects of consumerism, from production and distribution to the consumption of goods and services.

The integration of technology into education currently allows the creation and sharing of podcasts of different content. Listeners can now access different podcasts from their media devices to quench their thirst for knowledge. Podcasts are used to broadcast information in various fields such as technology, healthcare, music, business, and economics. 

With the world suddenly cast into the unknown, it’s no surprise that sudden disasters can cause global economies to fall into low levels of financial productivity. Be aware of the common signs of a recession so that you can come out of them at your best. People typically look at the potential impact of debt as a national indication that a recession is near. The collapse caused by the dot-com era showed how, at times, recessions are caused by exaggerated hopes in the business markets. Even inflation and deflation, when present at their extremes, can cause economic downturns. Economies that are forced to halt due to natural disasters like a pandemic are also laden with financial challenges that can disrupt normal life.

There is no historical precedent for the massive economic shutdown that the novel coronavirus pandemic forced on governments around the world. “Non-essential” economic activity in the US, as well as in most other countries, remained halted while “essential” workers were allowed to continue working under strict social distancing guidelines. In a world where the vast majority of the population lives hand-to-mouth, paycheck-to-paycheck, there was a heavy worldwide debate surrounding what constitutes “essential work”. The damage to the world’s economies is just beginning to be reflected by the devastating numbers coming out of various reporting firms. In this article, we’ll explore how quarantine has reshaped the economy and what changes we can expect to see moving forward.