GDP and other stuff30 Jul 2020 19:55
Almost regardless of a potential or real second wave the bailouts, nationally and internationally, are beyond any support in our lifetimes. And will have consequences for many years.
When the USA GDP contracts by 30% everyone feels it.
Likewise the German production figures.....10 years of growth wiped out in 4 months.
Add to this tsunami of crises, unemployment and the realisation that record unemployment, globally, won't be buying that coffee on the way to work.....or a new TV, car, meal out, holiday.....and with no more furlough, small traders will struggle/go bust. And won't be buying grommets from mid-sized business who won't replace the printer and IT system for now...
But you know this.
We all know this.
But some don't actually believe it. And because they don't believe it, they won't prepare.