Coronavirus (16) – Shared Sacrifice
Lots of people are gaming out what post-Corona looks like economically. Increasingly, we seem to have consensus that 2020 will be the worst year for the global economy since the early 1930s, with GDP drops for the year landing somewhere between 5-10%. There is considerable debate about the speed of the bounce-back, with people talking about recoveries that V-shaped (i.e. quick), U-shaped (not so quick), or bathtub-shaped. We could be in this a long time: no one really knows the