Wow! A robust analysis that is easy to read and understand.
No ventures into politics, blame, personal issues as you would normally expect from a post of my own, just unadorned information.
There is no doubt that the COVID19 virus has taken over our world. With that comes great uncertainty. We are unsure what the aftermath of this pandemic represents and wonder about the economic consequences of the actions we’ve taken to save lives.
Early indicators, prior to the COVID19 crisis, pointed to a recession. You can read my previous post here. Now in April, we have more data and can make better predictions, though these are still based on several unknowns regarding the course of the pandemic, the duration and severity of which ultimately determines our actions and outcomes.
First, we should understand the difference between a Recession and a Depression. A recession is an economic contraction that generally lasts for two quarters, where real GDP is null or negative. A depression is an elongated and more severe period of economic decline. Depressions last longer, often years and see enormous decreases…
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