Economy after Coronavirus — level of meltdown and financial crisis in 2020

We’ll face global financial crisis in 2020 due to COVID-19 outbreak.

Prospects of spreading the virus and total death toll right now looks pretty grim. There are many hospitals which are over their capacity, the number of infected people is growing, especially in the US and Europe, and it will take some time to stop the virus entirely. How will our economy look after coronavirus?

As a mathematician I like looking at numbers. In this text I want to run through numbers related to economy, in order to evaluate the lower bound coronavirus might have on our economy in different parts of the world and globally. I’m no economist and you should take no action upon this text before consulting your local expert.

Main takeaways from this text:

• Europe and the US should prepare for a total lockdown from April to June, and 60% working capability from June to August 2020 while slowly going back to normal.
• Coronavirus outbreak will cause a major financial crisis with a meltdown at least at the level of 2008 financial crisis, but probably worse.

Economy after Coronavirus — level of meltdown and financial crisis in 2020

Lockdown period for businesses