- Sat Apr 04, 2020 8:01 am
#123755
Dr Smith, the infectious disease guy, said that he thought widespread use of HCQ would mark the beginning of the end of the pandemic (particularly because docs and nurses have started taking HCQ to ward off virus and not just because they might have it).
I predict a deep but short recession.
When shuttered industries and shut‑in workers can start the transition back to normal life—probably sometime in May—growth should resume.
Solid pre‑virus underpinnings in the busin
ess and household sectors and the unprecedented policy response should help short‑circuit a prolonged recession.
Severe restrictions have been imposed on roughly half of the country, and government‑enforced social distancing measures, including stay‑at‑home orders, are likely to proliferate in the near term. I currently anticipate that the breadth of measures in place—and their drag on economic activity—will reach maximum intensity during the first half of April.
From that point, output should have nowhere to go but up
I predict a deep but short recession.
When shuttered industries and shut‑in workers can start the transition back to normal life—probably sometime in May—growth should resume.
Solid pre‑virus underpinnings in the busin
ess and household sectors and the unprecedented policy response should help short‑circuit a prolonged recession.
Severe restrictions have been imposed on roughly half of the country, and government‑enforced social distancing measures, including stay‑at‑home orders, are likely to proliferate in the near term. I currently anticipate that the breadth of measures in place—and their drag on economic activity—will reach maximum intensity during the first half of April.
From that point, output should have nowhere to go but up