IMF Says Great Lockdown Recession Likely Worst Since Depression
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Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#2I mean, by default, any economic crisis is always going to be worse than/bigger than the previous, just due to growth. Am I wrong for thinking this way?
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#3Stock market doesn't seem to agree with this conclusion.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#4I mean, by default, any economic crisis is always going to be worse than/bigger than the previous, just due to growth. Am I wrong for thinking this way?
This sort of thing is usually measured in percentage lost from the previous peak, or some other relative measure that corrects for the overall growth over time.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#5I mean, by default, any economic crisis is always going to be worse than/bigger than the previous, just due to growth. Am I wrong for thinking this way?
well, yes you are? This is why people measure in percentages, as opposed to absolute numbers, such as dollars of GDP.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#6I mean, by default, any economic crisis is always going to be worse than/bigger than the previous, just due to growth. Am I wrong for thinking this way?
This sort of thing is usually measured in percentage lost from the previous peak, or some other relative measure that corrects for the overall growth over time.
and not accounting all the stuff we have accumulated, which (at some point) has/had a lifespan of multiple recessions. But hey, just picture these hungry, ragged children - some Covid deaths are just to be accepted with thie outlook.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#7Stock market doesn't seem to agree with this conclusion.
Stock market != “The Economy”
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#8The important question is whether the recession due to the lockdown (which is at least useful for stopping the virus) will continue after the virus has passed and the lockdown is lifted.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#9Stock market doesn't seem to agree with this conclusion.
trillions of dollars injected into it may have that effect.
Re: IMF Says Great Lockdown Recession Likely Worst Since Depression
#10On the other hand, new streams of revenue as well as increases in existing revenue streams are emerging as a result of the lockdowns.
The question is, will these increases fully offset the permanent loss of existing revenues + the cascading costs of disruption due to things like job losses.