cap n chris
Well-known member
[gmod]Posts from https://ukcaving.com/board/index.php?topic=27342.0 split to this new Topic [/gmod]
By a huge margin, yes. UN have already forewarned of ~200+m suffering starvation/famines from the economic knock-on effects, the latter still having to kick in with a vengeance in 1st world countries, as well as everywhere else. 15% of the world's economy/jobs is international tourism and that's not returning anytime soon, if at all. etc. etc. I anticipate 2021 being significantly worse than this year. Governments have no published exit plans; there doesn't appear to be much of a plan other than continuing to scare people to a level where suicide is shockingly commonplace. The lag effect means no-one noticed and continues to think everything's OK when it most certainly isn't. "Free money" isn't free - we've all been given something in the order of a ?16K debt, and counting. The Global depression commences in 2021 and will continue probably to 2023. Wildly negative prognostications suggested 50-70 years of austerity but it probably won't be quite that bad. Shutting down economies kills people.
https://www.un.org/press/en/2020/ga12294.doc.htm
https://www.spectator.co.uk/article/the-true-cost-of-coronavirus-on-our-economy
Laurie said:Better? Could it possibly be any worse?ditzy said:Let's hope 2021 is a better year for all
By a huge margin, yes. UN have already forewarned of ~200+m suffering starvation/famines from the economic knock-on effects, the latter still having to kick in with a vengeance in 1st world countries, as well as everywhere else. 15% of the world's economy/jobs is international tourism and that's not returning anytime soon, if at all. etc. etc. I anticipate 2021 being significantly worse than this year. Governments have no published exit plans; there doesn't appear to be much of a plan other than continuing to scare people to a level where suicide is shockingly commonplace. The lag effect means no-one noticed and continues to think everything's OK when it most certainly isn't. "Free money" isn't free - we've all been given something in the order of a ?16K debt, and counting. The Global depression commences in 2021 and will continue probably to 2023. Wildly negative prognostications suggested 50-70 years of austerity but it probably won't be quite that bad. Shutting down economies kills people.
https://www.un.org/press/en/2020/ga12294.doc.htm
https://www.spectator.co.uk/article/the-true-cost-of-coronavirus-on-our-economy