The Corona Pandemic economic guessing game

[Japinat]

BUT the negative impact on the economy won't end for another two years. We might see unemployment rates surge around the globe like never before. Some analysts claim the unemployment rate in the U.S. might surge as high as the Great Depression.

Would that mean a lot of people will be homeless again in US?
Maybe at the moment we haven't feel the effect yet because currently we are under the support of the government but soon it will show.

I don't live in US but I am starting to feel the effect of the pandemic, a lot of business are closing already especially those who are not allowed to operate at the moment, the rent and bills are killing their business, so it's wise to close it at the moment and these people will loss their source of income which is same like people who are unemployed at the moment.

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[Wind_FURY]

BUT the negative impact on the economy won't end for another two years. We might see unemployment rates surge around the globe like never before. Some analysts claim the unemployment rate in the U.S. might surge as high as the Great Depression.

Would that mean a lot of people will be homeless again in US?
Maybe at the moment we haven't feel the effect yet because currently we are under the support of the government but soon it will show.

I don't live in US but I am starting to feel the effect of the pandemic, a lot of business are closing already especially those who are not allowed to operate at the moment, the rent and bills are killing their business, so it's wise to close it at the moment and these people will loss their source of income which is same like people who are unemployed at the moment.

Yeah, a lot of people WILL be homeless, jobless, penniless. Although, I believe the U.S. will manage better than its European counterparts.

I'm still waiting for annoucements of the first default by an E.U. state.

[jostorres]

It will start with the developing countries, especially those that are already in critical condition before the pandemic started. There are lots of countries that are living in a really bad situation before the Coronavirus pandemic started.

Countries such as the DR Congo, Mozambique, Haiti, Ethiopia, and I don't know if I should add Venezuela to this list. Meehn, these countries will be hit really hard if this Coronavirus should get serious in such places. These poor countries are the ones that really shouldn't have let the virus get into their country. The worst part of it all is that most of them if not all, has a really bad government who don't care and wouldn't do much to stop the case

[Matic]

Could not be any unexpectedly consequences cause countries which economies were stronger before will stay strong.