Originally Posted by
ILS27LEFT
The North of Italy has got one of the best NHS systems in the world (it is the opposite in the South), this is in addition to having one of the highest number of intensive care beds vs 100K of population compared to the rest of the world. This is a serious and very worrying sign of what COVID-19 can do in any other country. The biggest problem now is the impact that COVID-19 will have on any travel related business as global travel will soon be completely banned as we have never seen it before. Airlines, Hotels, Travel Companies, Events Companies, etc will have zero cash flow imminently as transactions have collapsed by a magnitude that has never been seen before. Millions of jobs will be lost as other industries will collapse due to the absence of travel, e.g. airline manufacturers will also temporarily close down, whilst national airlines will have to be nationalized again,all other airlines will disappear. If governments will not step in quickly to support the millions of people losing their jobs then we will also see civil unrest and riots. This prediction seems probably unreal now however it is the first time in my life that I genuinely believe this could be the 3rd WW we have all been waiting for. This time is really scary. Good luck to all of us. The economic collapse is as scary as the massive loss of lives that COVID-19 will cause. Covid-19-->Health emergency/Pandemic-->Banned Global travel-->Travel related businesses collapsing--->Civil unrest. This prediction is not pure pessimism. Governments will have to inject lots of cash to save travel related businesses. Central banks can just produce unlimited e-Money and transfer to Companies, let's hope they will start asap to avoid chaos. So who will survive in 6 months? Only those helped by the Governments, all the others will disappear.
I was genuinely hoping to be over-pessimistic on 13 Mar night...Governments will have to move quickly to avoid chaos. It is getting clearer by the day. We cannot have too many people without an income in such a short period of time. Travel Companies will run out of cash, but also many other businesses will seriously struggle (TFL, restaurants, hotels, cinemas, gyms and many more). It is going to be a mess unfortunately.