Heading Back Down…. Has the Economic Collapse Begun?

Heading back down.#Europe #recession @DiMartinoBooth https://t.co/k5JBWsxV2x

— Tuomas Malinen (@mtmalinen) October 22, 2020

https://twitter.com/FlorianHeiseAus/status/1319096408708771841

🇬🇧 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues to wreak economic havoc.

Pandemic isn't going anywhere soon, but Brexit is coming.#UK #recession #Brexithttps://t.co/1GvtayzTRW

— GnS Economics (@GnSEconomics) October 22, 2020

#recession … #GFC2 #Industrial #Commodities edition https://t.co/trh3l5iVx0

— Invariant Perspective (@InvariantPersp1) October 22, 2020

Some of the weakness in demand is because we’re on the verge of a classic #recession cycle:

People either have less #money to spend or are worried about spending it ➡️ Businesses have less revenue ➡️ They cut back on hiring and investment ➡️ Less #spending. https://t.co/KpXGTtCAZN

— BILLSHARK (@realbillshark) October 21, 2020

Great to see our @voxeu column included in @wef!

We show that the global #recession will be long lasting, with no country escaping the economic fallout of the #pandemic regardless of their mitigation strategy.

We need a coordinated international policy response to the pandemic! https://t.co/f4KoTXNnqF

— Kamiar Mohaddes (@KamiarMohaddes) October 22, 2020

#recession … #GFC2 Europe edition https://t.co/OJbGB7jJ4i

— Invariant Perspective (@InvariantPersp1) October 22, 2020

Over half of Europe’s smaller businesses risk bankruptcy within year#Pandemic has hit European firms hard, with 70% reporting lower revenues.

20% companies in #Italy and #France anticipate filing for insolvency within six months.#bankruptcy #recessionhttps://t.co/HYuUhxRU7P pic.twitter.com/tDAMyvIlxm

— GnS Economics (@GnSEconomics) October 22, 2020

“Returning to full capacity will be a long slog” in Asia

“Weak global growth, closed borders, and festering tensions around trade, technology, and security have worsened the prospects for a trade-led recovery in the region”#Asia #recessionhttps://t.co/bCg2lrb9qc

— GnS Economics (@GnSEconomics) October 22, 2020

As Usual The #FED Is Either Lying, Incompetent Or Both, As The Beige Book Finds "Slight To Modest" Continued Increase In Economic Activity #Recession https://t.co/AN8JTXZ8hC pic.twitter.com/sZZceeBu5z

— Crush The Market (@crushthemarket) October 21, 2020

#recession … #GFC2 US #Disinflation edition https://t.co/XutNgPZTRM

— Invariant Perspective (@InvariantPersp1) October 21, 2020