Most businesses are closed and no one’s been out for two months. So, yes, of course the economy has shrunk and consumer spending has plummeted; although, given the regularity with which deliveries of stuff arrive at our house, we’re doing our bit to prop it up. The difference here is that this is a man-made rather than a natural recession. Governments (and the virus, of course) ordered the shut-down, and they’ll have to take responsibility for the start-up. Which means my view-of-the-economic-future glass is still more half-full than empty.
“Donald Trump is winning. Business, beware”
There’s a perception that whatever might be the consequences for the rest of the world, Trump as President should be good for business. Surely, as a business man himself, he’d be the friend of Corporate America, and everything, money-making-wise, went pretty well last time around didn’t it?
