after missing work for a few months, with small checks to tide folks over, most people won't be spending anytime soon.
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well, i mean, none of us have any money anymore.
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The lockdown obviously killed demand for countless things. What will that look like, e.g., in the country you live in? Where we shut things down for, basically, a really bad flu season? it is going to be a nightmare for many. You seemingly aren't troubled by that.
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2020: the year we collectively realize we’ve been living for a long time as though black swans don’t exist
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Or not
End of conversation
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Folks are underestimating the devastating knock-on effects of this pandemic on the global economy. Now add climate change & increasing famine (in the developing world) to the mix. Without global leadership, we face a harsh decade ahead.
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I’ve seen estimates that 75% of the drop off in economic activity from the lock down would have occurred without a lockdown. The reason? A large majority of people don’t want to eat out, shop, go to crowded theaters or other events during a deadly epidemic.
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With so much production in China this could hit them harder than most
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