Here’s How Covid-19 Has Changed The Economy

by Valerie Foo (3178 views)
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Estimated reading time: 1.5 minute

When Covid-19 hit the world, we were all forced to adapt to the new “normal” – be it getting used to working from home or having a mask on whenever we go out.


As times have changed, it is now more crucial than ever to adapt and stay relevant, or risk getting left behind.


With the increasing need to move into the digital space, it could be a good idea to build on digital skills and become more tech savvy. After all, it has been found that industries in the digital space have been doing well despite the crisis and are projected to do even better in a post-Covid world.


It might seem challenging to come up with innovative ways to offer products and services in a saturated online marketplace. However, it isn’t impossible to kick things off (even if it begins as a side hustle) – from starting an online shop to offering delivery services or even registering as a tutor to conduct online classes. All it takes is a little bit of creativity, persistence and the willingness to learn.



Whether you’re a business owner, employee or even a student, one thing’s for sure: you need to have a growth mindset in order to thrive in the economy’s ever-changing landscape.


Having a growth mindset means believing that talent and skill can be developed through hard work, constructive feedback from others and good strategies.


In contrast to that, a fixed mindset is stuck on the idea that basic intelligence, abilities and talents are traits that cannot be improved as they are “fixed”.


When you have a growth mindset, you would focus on what you can do to build up your skillset. Hence, you would be more open to experimenting and taking calculated risks. Also, you would value the process more than the end result and view challenges as opportunities.


With all these positive traits, there’s no doubt that you would have a greater chance of making it out of this pandemic stronger.