Here are some fabulous quotes on what is happening around the globe today, as a result of the deadly Coronavirus:
- “In the absence of a vaccine or some therapeutic drug, opening the economy now would certainly trigger a spike in new infections and will be followed by economic shutdown 2.0.” – Bernard Baumohl, Chief Global Economist at The Economic Outlook Group
- “The unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions.” – NBER’s Business Cycle Dating Committee.
- “To those who advocate that America follow the Chinese model of a totalitarian lockdown because of a virus or flu strain, must remember that the Maoist principle of Chinese rule is founded on total control of the populace, with the loss of freedom on every front: of speech, movement, work, information. Americans shouldn’t be drinking the green tea so unquestioningly.” ― Brian D’Ambrosio
- “It’s still too early to tell [when pre-pandemic employment levels may return]. The data is likely to be very noisy, particularly since a lot of these jobs may well have gone for good, which means I have my doubts. This is also a single data number. Let’s see if we get a similar number next month.” – Michael Hewson, chief Market Analyst for CMC Markets
- “Scientists have discovered 2 additional private parts in humans as a result of Covid-19 pandemic. Ensure you cover them in public. They are your Mouth and Nose.” ― Vincent Nwachukwu
- “The trough will occur in May or June, with activity starting to pick up. With that said, growth will remain well below pre-recessionary levels likely until at least 2022.” – Chad Moutray, Chief Economist for the National Association of Manufacturers.
- “The coronavirus pandemic will show us something embarrassing that we have known for centuries in human history: The dead will be forgotten quickly, and those who live will just start celebrations because they will live only a little longer!” ― Mehmet Murat ildan