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Old 28th Apr 2020, 01:00
  #5 (permalink)  
morno
 
Join Date: Jun 2006
Location: 3rd rock from the sun
Posts: 2,475
Received 319 Likes on 119 Posts
Originally Posted by Sunfish
I think the bounce back will be very fast. The economy is already changing very quickly as it adapts to social distancing, creating new jobs in the process. As far as retail is concerned, online shopping was already killing it, Coronavirus just accelerated the trend. Restaurants can rebound quickly, as fast as they can hire staff. Other service industries can also start instantaneously.

What doesn’t start quickly is manufacturing and farming. Mining is used to start/stop operations as well.
As said Sunfish, you need customers to be buying. I can tell you now, after spending months of my savings to keep my family going while I have no income, I won’t be going out to spend much money for a while, and I dare say I’m a fairly typical snapshot of the general economy.
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