Quote from: Betwrong on April 20, 2020, 02:53:55 PM

No, I mean the Great Depression kind of crisis, which many doomsayers predict these days. Of course I understand that some negative impact on the economy will be experienced by every country, but I think no country, rich or poor, will be affected greatly, meaning, will be affected to the degree so that one could see it just by looking on the streets. That's what many people are afraid of currently, and that's what is not going to happen, in my opinion.

Depending on how the country's leaders respond to every challenge and threat that comes. Supposing F1 racing in control is the driver to be able to overtake the corner. Recession after the pandemic effect ends is certain because in the name of another budged humanity diverted for the allocation of pandemic mitigation.

Recession will not continue to depression because of the decline and slowdown in the real economy due to individual movements as economic agents are limited. Isolation and quarantine caused many small scale industrial companies to be forced to stop, as a result, there was no income, a reduction in labor that affected consumption figures. So the government must provide direct cash assistance for living benefits for many people affected by corona.

It all depends on the country's leaders in resolving this pandemic. Considering corona as an ordinary virus or seeing a pandemic corona as a national threat. This rationale will bring a different frame of mind in overcoming corona.

Coronavirus is a national threat due to the fact that there are three types of coronaviruses that affect the world, mild type A circulating in the United States and Australia and the UK, Type B circulating in Wuhan and Type C circulating in Europe and Singapore.
https://www.dailymail.co.uk/sciencetech/article-8204255/There-THREE-separate-types-coronavirus.html

In the period of stopping the pandemic, the government can simultaneously formulate or carry out a virtual simulation, the steps taken after the pandemic is based on the timeframe of outbreak handling. The smart leader can overtake the corner by utilizing the moment of supply shortages after the pandemic ends because only 50% of manufacturing and industry are working.

Concern after the pandemic ends is how to turn back the wheel of the economy so that a lot of labor is absorbed and restore the passion of consumption. Employment creation projects that absorb large numbers of workers must be guarded by the government, given permits and capital facilities with strict supervision. For the capital required, the government can make money as long as it is verified from the upstream and downstream industries and the money is actually played in the real sector.