Post
Topic
Board Economics
Re: returning to normal
by
drlukacs
on 27/04/2020, 08:49:43 UTC


Quote
Which industries will die off first because of pandemic?

The obvious one for me is the movie theaters but what else?

https://twitter.com/needacoin/status/1246191483746574337

what do you think---are entire industries about to disappear because of the pandemic? will some aspects of the economy and general life irreversibly change after this?

or are these people just drama queens who are blowing everything out of proportion? maybe people will forget all about the coronavirus in a couple years time and nothing will change. that's what happened after the H1N1 scare.
This pandemic will last for quite a long time and the impact on heavy industry and service industry will be very large. If in Q3 this pandemic had not been controlled in the US and Spain, I believe the world economy would be greatly affected. we will be able to go through a great crisis due to public debt and inflation, but the economy will surely recover strongly after the events. People who say the economy is going to die and the service industries can't grow anymore then that person has neurological problems. Don't care about them.