re: So, Here's My Question. Can Our Economy Survive 4-5 More Weeks of Virtual Shutdown?

IMO - no

quote:

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Can we avert a deep recession or even depression if we don't start ramping up again before June 1?

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I say deep recession to depression if we are not ramping back up by end of April.

My company will be having layoffs likely next week and possibly tomorrow. The chance of these people getting jobs is basically zero in the next 6 months as 1) no one is open to hire and 2) companies will still be figuring out their finances well into next year as the world economy tries to come back to life. I know for a fact that my personal spending is way the frick down and if I get cut, then there goes a bunch of other cuts that I will have to make.

I do not pretend that my industry is alone in this, the prolonged lack of productivity in the world would lead to depression level unemployment if this goes to June.