The 2020 Global Economic Collapse Explained

Описание: The world is facing a new economic crash in 2020. The worldwide economy is on the brink of collapse. Mechanisms that feed this new economic crisis are, firstly , part of the production interruption and consumption block during the most severe period (first trimester in China and Italy, March and ongoing months in the rest of Europe and then USA). Entire sectors are still standing. Production, especially manufacture industry, depends and rely largely on international production systems with components made in several different countries which results in a very vulnerable framework compared to the entire block of activity linked to the epidemic. Effects on the labor market are unemployment and decreasing salary that might be compensated only in part by measures introduced by different governments. Therefore, the predicted demand downturn will result in slowdown furtherly the production.

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