Manuel and David Gil go over some of their projections with regards to COVID-19 implications over the next 3 months and beyond.
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How soon will the economy recover once the virus is under control and people around the world resume their normal lives? Will the new ‘normal’ be different?
Manuel thinks that once the Coronavirus is under control and the curve of new cases flattens, the economy will recover at a faster pace than in previous cases. In other words, this market correction was not caused by a financial bubble but rather by a severe crack in our health care and prevention system.
David thinks that COVID-19 has exposed deeper economic and unsustainable cracks in the world economy and it has simply accelerated a new type of world economic crisis that was doomed to happen in the next 12-18 months. He explains why…
What are other social implications of lock-downs around the world? People and families are forced to stay home for weeks and months… Will it cause an increase in divorce rates… or will we see a boom in “Corona babies” nine months from now?
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