How bad can the economic crisis be?

Probably worse than we think and quite likely to lead us into a severe, world-wide recession.

The planet’s GDP was $88 trillion in 2019 and my guess it might take at least $5 trillion in the chin, which would amount to more than a 5% global GDP reduction.

A March 6 article in Bloomberg was predicting that amount at about $2.7 trillion, I think it’s grossly underestimated.

Besides creating a severe recession that might eject Trump from power, it might also trigger a wholesale rethinking of the way the planet handles growth, the environment and healthcare in the future.

This would be a great and overdue awakening that might prove critical for humanity’s survival.