Analysts looking at linear factors are predicting at least two quarters of flat or negative growth in gross domestic product (GDP). By definition that’s a recession....
“Policy makers and enforcers act and respond depending on what they see.
Given the threat of a global recession, creditors would rather err on the side of caution and remain as asset firm and as liquid as possible.
Reason and rationality, analysis and the scientific method are basically not in their culture and are likely minor if not alien concepts in their education.
As the new epicenter of COVID-19, Italy is the bipolar opposite in many respects as the country enjoys a comfortably slow and leisurely lifestyle.
Only the salaried privileged will have the comforts of a stay-home quarantine.
“Partisan politics is worsening the COVID-19 pandemic.
COVID-19 is a strange leveler. It does not recognize political ideology nor does it recognize diverse economic systems.
“A desperate and panicked public hurriedly emptied stores of toilet paper. As in Hong Kong and Australia, government assurances fell on deaf ears.