McKinsey Economists Lay out 9 Potential Coronavirus Recession Scenarios — Ranging From a Summer Recovery to a 'Black Swan of Black Swans'
By News
Published 4 years ago on
April 13, 2020
Share
[aggregation-styles]
Business Insider
Variables including the US’s public health response, bankruptcy rates, job loss, and the government’s policy response make for a wide range of possibilities, McKinsey said in the March report. Though it’s human nature “to freeze, or to jump to a simple answer,” the team looked to “bound the uncertainty with reason” and put forth a wide range of futures that will evolve alongside the pandemic.
“Two things are reasonably certain: If we do not stop the virus, many people will die. If our attempts to stop the pandemic severely damage our economies, it is hard to envision how there will not be even more suffering ahead,” McKinsey said.
The firm currently expects one of four more optimistic scenarios to take place, with COVID-19’s spread controlled and “catastrophic structural economic damage avoided.” The outcomes range from sharp V-shaped recoveries to turbulent U-shaped trends, as global output slides to historic lows before activity swiftly returns to past norms.
Read More →
Business Insider
Variables including the US’s public health response, bankruptcy rates, job loss, and the government’s policy response make for a wide range of possibilities, McKinsey said in the March report. Though it’s human nature “to freeze, or to jump to a simple answer,” the team looked to “bound the uncertainty with reason” and put forth a wide range of futures that will evolve alongside the pandemic.
“Two things are reasonably certain: If we do not stop the virus, many people will die. If our attempts to stop the pandemic severely damage our economies, it is hard to envision how there will not be even more suffering ahead,” McKinsey said.
The firm currently expects one of four more optimistic scenarios to take place, with COVID-19’s spread controlled and “catastrophic structural economic damage avoided.” The outcomes range from sharp V-shaped recoveries to turbulent U-shaped trends, as global output slides to historic lows before activity swiftly returns to past norms.
Read More →
By Ban Winck | 12 Apr 2020
RELATED TOPICS:
Fresno Trash Hauler’s Response to Overpayments: We Followed the City’s Rules
Politics /
2 hours ago
Which Six QBs Were Selected in the Top 12 of the NFL Draft?
Sports /
2 hours ago
Nuggets Close to Sweeping Lakers After Game 3 Win
Sports /
2 hours ago
Jose Ramirez: ‘I Want to Make a Statement and Put on a Show’
Sports /
3 hours ago
Yoshinobu Yamamoto’s 6 Shutout Innings Help Dodgers Finish Sweep, Defeat Nats 2-1
Sports /
4 hours ago
The 49ers Add Florida Receiver Ricky Pearsall With the 30th Draft Pick
Sports /
4 hours ago
Political Stunt, Egg on His Face, Personal Vendetta. Who’s Fresno DA Talking About?
Politics /
4 hours ago
Fresno Oops? Garbage Hike Protest Vote Delayed by Error
A mistake by the city of Fresno in the process to approve residential garbage rates will delay a vote.
When a city government proposes rate ...
Politics /
49 mins ago
Categories
Latest
Videos
Politics /
49 mins ago
Fresno Oops? Garbage Hike Protest Vote Delayed by Error
Politics /
1 hour ago
Trump’s Potential VP Pick Boasts About Executing Puppy
Opinion /
1 hour ago
Trita Parsi: Blind Support for Israel Erodes Western Democracies
Politics /
2 hours ago
Fresno Trash Hauler’s Response to Overpayments: We Followed the City’s Rules
Sports /
2 hours ago
Which Six QBs Were Selected in the Top 12 of the NFL Draft?
Sports /
2 hours ago
Nuggets Close to Sweeping Lakers After Game 3 Win
Sports /
3 hours ago