Economic impact of Covid-19

[OntarioBlue]

German figures out now and they indicate an annualised fall of 8% GDP.

Here in a Canada they are projecting a 25% drop in Q2. If this drags on much longer, as is widely expected it’s not hard to imagine how the annualized drop in GDP could be 15/20%.

Also, all the government relief programmes have to be paid for at some stage. I don’t know where the money is coming from but it certainly looks like a few years of austerity.

 

[Ban-jani]

China is now the single largest owners of US treasury with 1.18 trillion holding surpassing Japan.

This is doing nothing for my conspiracy theories.

 

[Bill Walker]

We need new shoes for my youngest. Was just going to buy online (sports direct) but with the lockdown would they even deliver? Is it just the shops that are closed or warehouses and shipping too?

To be honest I wouldn't buy anything online, you may never get it.

 

[Ban-jani]

Peter Hitchens attacks Coronavirus lockdown

Despite the fact I disagree with him here, Hitchens is always a great contrarian.

 

[plongo]

This is doing nothing for my conspiracy theories.

No theory in my view, just facts that are out there

 

[denislawsbackheel]

To be honest I wouldn't buy anything online, you may never get it.

Not food?

 

[Bill Walker]

Not food?

No I meant goods not Grocery.
I'm still waiting for a gimble I ordered, its late and they're not answering the phone.

 

[AlgarveBlu]

Federal Reserve Bank of St Louis ‘Up to 47 million could loose their job in the U.S. in Q2’ - apart from the utter turmoil and misery that would bring to families that will blow a massive hole in the global markets if it ends up anywhere near that figure - based on various assumptions as always and interpretations etc

https://www.stlouisfed.org/on-the-e...ope-estimates-next-quarters-unemployment-rate

 

[Ardwick Green Blue]

Although only a projection by the OBR, it is truly scary to see what the economic impact of the lockdown is already. If it goes beyond late May then you can see the economy being wrecked for a generation.

 

[City Hobgoblin]

What happens when there’s another virus mutation next year ?