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I'd imagine this is the next couple of years in finance due to COVID. Shocks and reverberations for a long long while.


Travel, immigration, entertainment, restaurants etc are severely affected. A lot of people have lost their income, and spend less.

There is also some feat that this will exacerbate problems with an already stressed financial system. Banks are massively increasing their cash reserves, and many organisations have a grim outlook on the upcoming months.


There may also end up being a potential flip-side to this. Many people (dubbed essential) have found that last couple of months that the lack of open businesses + increased pay have meant that in a few months they are going to be in the market for larger purchases (i.e. houses, cars, etc.). Their savings have gone up and at least person I've talked too has mentioned opening up a new business after all of this is over.




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