bearish

How Long Does It Take To Change One's Behavior? Why Does This Matter in the Post COVID-19 World?

409 Views28 Mar 2020 16:00
SUMMARY

The main subject of this report is as follows: "How Long Does It Take To Change One's Behavior? Why Does This Matter in the Post COVID-19 World?" Certainly, COVID-19 will change the way people behave. The longer that COVID-19 lasts and the longer that millions of people are under lockdown, their behaviors will change further, potentially making them into a habit and this would have a tremendous impact on the global economy.

We are specifically interested in this topic because as millions of people around the world undergo "lockdown" for a period of one to three months, this could have an enormous behavior change once this lockdown period ends.

The change in behavior patterns (especially related to consumer spending) in the post COVID-19 world would also have a big impact on whether the global economy/stock market can turn around quickly (such as after the Great Financial Recession in 2008/2009) or whether the turnaround lasts longer (such as after the Internet tech/crash lasting for nearly 3 years from 2000 to 2002).

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