Quote:
Originally Posted by Rolexatlast
JPMorgan have released their predictions for corona virus impact on GDP.
They seem to saying that only a handful of economies will be affected by >5%. Obviously any drop is bad, particularly if you lose your livelihood.
However, 5% does not seem to equal ‘destroyed economy’, and should be made up within a couple of years, and seems a price worth paying for saving 100 000s of lives
https://www.telegraph.co.uk/business...ndation-widget |
So much of this depends on WHEN we go back to work. If we went back in 2 weeks, probably no economic affect, but if we go back in September or later, predicted number are probably out the window.
Obviously if there are limited deaths and people go back in a few months, the economy should pretty much rebound to where it is today within not too long.
We also have the law of unintended consequences, where companies see that, you know what, some of these jobs can be part time and from home, or we can teleconference more and travel less, or small businesses just can't bounce back and disappear. etc.
It will be interesting to see if there are corporate workforce reductions that don't go back to previous numbers after this.