[dajohnson89]

I'd love to hear your precise rationale on the financial side.

[jacquesm]

Massive increase in unemployment, massive subsidies required to keep companies afloat, a smaller tax base to support it all. Entire industries that will no longer be able to recover if this lasts > another 6 months (and it likely will). Travel, leisure, festivals, conferences, hospitality, and all of their supply chain as well as infrastructure providers (for instance: air plane manufacturers, vehicle manufacturers) will be hard hit. This will cause a recession that it will be very hard to rebound from.

[rad_gruchalski]

The real hit to the ecomony will happen next year, when fiscal 2020 is closed and cards are on the table. So far, everybody is still rolling on 2019.

It will be tough.