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A large percentage of the world's economy is about superfluous things and addictions. The 2-3 months break is going to wean off a lot of people and the number o
by xbmcuser 7y ago
A large percentage of the world's economy is about superfluous things and addictions. The 2-3 months break is going to wean off a lot of people and the number of people going back will be fewer. That's my opinion. What everyone else is looking at is money
1). large percentage of small businesses were running month to month after 2-3 months of no revenue many of them won't start back up again.
2). Over the lockdown period people have lost jobs, run through their savings or run up large credit card debt. Once it opens they will be frugal to either save up or pay of the debt.
3). Bankruptcies and repossessions are going to create a glut of supply at the same time demand will be less so industries won't be able to start back up much even after the lock down is removed.
These are just some of things happening that I see going forward. Maybe I am wrong and that's not how economies work. All this is just the current situation we are not even sure how long these lockdowns will last. But as economy shrinks it will effect every industry.