From here: Not Quite All There - excerpt: The “nearly normal” world GDP-level will be a long way back up to its original status-quo - but We Will Get There! As can be seen from the above, the last time a Big-Dip happened the world-economy responded rather quickly. (Do I mean "China"? Yes I mean "China".) Meaning also the pick-up in World Product/Services Consumption was rapid. By 2009 the 2008 "Bog Dip" had more than corrected itself. In fact, far too much, and country-GDP aggregate returned to slightly-lower but more normal levels. Which continued well-enough until the next Big-Dip that has occurred recently. So, what's the lesson to learned? That this one too will be overcome. (Just look at the southern tip of the negative-dip - it's already turned level predicting an upswing!) What happens after the correction remains a Good Question. Can a world economic Big-Dip happen again? Not likely without an inceptive "Covid-19 N°2". Is that in the offing? Only time will tell. So, for the moment, just get out your wallet and KEEP SPENDING ... !
The above article-source is not linked to the Economist. You can read the entire edition of the Economist (but not any current week) from this source here: http://dl.magazinedl.com/magazinedl...onomist USA - May 2, 2020(magazinedl.com).pdf This site evidently "magazines" The Economist, but not the current edition. It would have to do so with the permission of the Economist editors, I imagine ...
