Covid-19: why the economy could fare worse than you think

Further reading:

[u.inverse]

does anyone else hate the term "new normal"

[storeboughtramonaflowers]

OK but homie on the right at 4:33 is taking NO chances

Doesn't even wanna SEE the coronavirus

[BinnyBongBaron_AoE]

"A small business owner runs a chain of restaraunts.."
Um....

[DavyGoestoHollywood]

This should have been a 2 minute video. The amount of repetition in this was appalling.

[dfaburst]

The soundtrack for a "the Economist" article has no business being this fire.

[yadiaag]

We need to go and support small business. Stop going to large stores like walmart, supporting Amazon, eating at McD or nationwide chain stores in genral.
The more we can support our small business the more that is kept in our own communities.

[johnhaynes]

I cannot say that this was terribly enlightening to be honest, it contains general stuff pretty much everybody already knows. As a specialist magazine, I would have thought that you might be both more informative and adventurous.

EG: Travel is obviously hit and the connected stories there, are really significant, the impact on Boeing, Airbus, Rolls Royce, the host of their smaller sub contractors, employment at airports, the travel industry, travel destinations in countries dependent upon the tourist trade. If that isn't interesting to you, how about the motor trade, another stone in the pond with countless ripples. My point is that these are the type of stories you should be outputting given your speciality as a publisher not one's any tabloid hack could churn out.

[jessicacole]

*Guess we're learning that trickle down doesn't work, and most of the economy is propped up in nonsense activities instead of providing basic needs for regular people*

[Kynoxz]

Long story short: the poor will suffer the most and the employer won't be buying a new car this year

[edwardhew]

Thanks for mentioning the poor and the minorities who will face more adversity in post lockdown. I was hoping to find more such issues being mentioned in the comments but unfortunately found none.

[kutbilukhadia]

I would say most businesses would be happy to start with 75% business. 90% would be daydreaming.

[juliuscaesar]

Getting rid of small business makes way for big business monopolies

[weishen]

In 2008 financial crisis, the hardest hit only began in 2010. The darkest hour has yet to come.

[hannessf]

In regards to "In Sweden, most people were never asked to stay home". This is simply not true. There are strong recommendations from the government to work from home if possible, not travel, not take public transport and (most importantly) stay home if you feel *any* symptoms. The difference from other countries is that this is not mandatory by law, but based on informing the public on why we should follow these recommendations and a strong urge to do so.

[dingbat]

Hard times for the poor and a cheap money, asset bubble free - for - all for the rich. The Wealth Gap becomes a chasm.

[chrispesklo]

What is not being considered is the effects of the rioting, looting, closing or shutting of many stores and business in the wake of the George Floyd killing. In Minneapolis/Saint Paul, something close to 90% of all retail business have been closed and boarded up. Businesses already in trouble from the pandemic, will go under following the riots, even if not not even looted.

[afarkinconspiracy]

Maybe we should design the system so that the "economy" doesn't suffer due to a pandemic. There is enough for everyone's need, not everyone's greed. The poor suffer the worst, and poverty is the worst form of violence. It's also a manufactured issue.

[gopotyr]

The world will not be the same as before, we shall prepare for that and keep optimistism

[fenderek]

You can coerce people to go back to work.
You cannot coerce them all to spend.

[VertexRecords]

The only way to get rid of debt quickly is to print money. Just like in the 1930s, it's plausible that central banks will be deleveraging through too risky quantitative easing. Devaluates debt, but also causes massive inflation. Scary times, not just from a health perspective, but both socially and economically as well. This video didn't really help me find solace either.