The Great Depression 2020 | World Economic Collapse 2020

The Great Depression 2020 | World Economic Collapse 2020

The Great Depression 2020 or World Economic Collapse 2020? you still don’t believe it? I wrote this article about coronavirus and business world a few weeks ago. That time only a few economists and businessmen predicted another great depression. As time goes by I am making sure we are closed to it. This crisis will not be stopped and recovered unless there is a vaccine, some experts warn. even if there is a vaccine, it takes a long time for businesses around the world to recover.

The Great Depression 2020 worse than the The Great Depression 1929

A few weeks ago when I wrote and talked about another great depression in the world some friends of mine blamed me for being pesimistic but now they think about it. We are getting our company ready to survive this global health crisis. In the beginging, I wrote about probability of another great depression. Could there be another great depression in 2020 what about an economic collapse in 2020. These days, I am thinking that this great depression in 2020 might be even worse than the great depression in 1929.

Please make comments and share your business ideas and thoughts. Many thanks.

The Great Depression 2020 | World Economic Collapse 2020

The World Economic Collapse 2020 Probability

The World Economic Collapse 2020 Probability

The world economic collapse in 2020 is becoming more and more probable these days. Based on Worldometers.info it can be said the the US and Europe are now the coronavirus epicenter of the world. The USA, Spain, Itally, Germany, and France have passed China in terms of number of coronavirus cases.The number of coronavirus cases in the world has already passed 1 milion.

۷۵% of Around 75% of Coronavirus Cases and about 82% Death Tolls of Coronavarus Pandemic in the World are from Europe and the US

(Sources: www.worldometers.info/coronavirus/)

More than 7 million American Lost Their Jobs in March, 2020

Over 7 million people in the US lost their jobs in March, and this number is the worst report in the past 11 years since 2009 recession.  But it’s not all the trend is an increasing numbers and it can be easily predicted it would be more and more to 32% rate of unemployment only in the US. Just check the numbers and compare the economic factors with the great depression 1929 and see how probable the economic collapse 2020 and another great depression in 2020 is possible !?

Lots of Businesses in the World might not Survive the Upcoming Great Depression 2020

As the number of coronavirus cases, and death tolls is increasing day by the lots of countries closed their doors. Almost all tourism and travel related companies, airlines, hotels, cafe, restaurants, recreational centers are closed around the world. Even giant companies are suffering from the consequences of the coronavirus pandemic as their value chain is encountering difficulties.

The World Economic Collapse 2020 is still a Hoax ? What about another Great Depression in 2020 Probability?

Let’s be optimistic and say these don’t happen but the number of factors that determine the economic collapse are increasing. We shall wait and see.

How Businessmen, Business Owners, Economists and Scholars Can to Reduce Coronavirus Economic Impact?

World Economic Collapse 2020 is becoming more and more probable. World Economic Collapse 2020 might be more significant than the coronavirus pandemic itself. How many people would die from poverty, unemployment and hunger? How the number of homeless and jobless people would increase in the US and Europe!? How many jobs will be lost and vanished? World Economic Collapse 2020 should be researched more by economists and scholars. Doctors, scientists, pharmesists, surgions, CIU professors and all the health workers are trying their best to save people lives in the world. Let’s see how economists, businesspeople, company owners, crisis management scholars and professors can help the society to prevent the world from the huge economic and business impact of coronavirus pandemic. World Economic Collapse 2020, something we need to really think of. However, we shall be optimestics that the business world will recover soon from the crisis.

The World Economic Collapse 2020 Probability – The Great Depression 2020

The World Economic Collapse 2020 Probability – The Great Depression 2020

The Great Depression 2020 | World Economic Collapse 2020

I wrote this article 10 days ago, and I predicted a probable world economic collapse and even another great depression 2020 after the great depression of 1929. This was one of the very first articles about the world economic collapse in 2020 and it sounded so pessimistic. I kept updating the articles day by day to cover the business world news and the global economy so that my counter parts can have an insight or idea on what is going to happen to international market. As an entrepreneur and a business owner, my concern has been the depression in 2020 even after the coronavirus pandemic since it really takes time for businesses to re-open and recover.

World Economic Collapse 2020, how close are we?

Needless to say that our company economic activities have been severely affected by coronavirus pandemic in addition to the imposed and unfair sanctions against our country.

So Far I Can Forecast that Due to Coronavirus Pandemic Eastern Countries Economy (India, China, Japan, Russia, Asia) Will be Stronger than Western Countries (Americas and the Europe) Economy. There will be million of millions job loss and economic collapse the US and Europe most probably; watching the economic trend.

Confirmed 2020 Recession, How Probable World Economic Collapse 2020 is?

It can be firmly said, that all advanced economies will suffer a recession in 2020. Apparently, it is not a prediction anymore, it can be called reality as most analysts believe it. The businesses need about 6 months to recover after the coronavirus pandemic.

It is foretasted that Europe, and China Gross Domestic Products (GDPs) will be adversely affected more than the US which I disagree. All countries directly or indirectly will be affected by the coronavirus pandemic and there will most probably be a world economic collapse in 2020, and even the UN News published a concerned but not that much negative article. CNBC, illustrated the global economy impacted by the coronavirus pandemic with 6 well-presented charts.

The Strongest Economy after Coronavirus Pandemic

The strongest countries after coronavirus pandemic outbreak will be countries that can control the virus rapidly and can recover their businesses faster. China already controlled the coronavirus and India has not even experienced huge impact. In addition,  China and India are among the top 5 largest economies in the world but India benefits from younger generation.

Post Coronavirus Economy – The World Economic Collapse 2020

The World’s Top Economies in 2020, World Economy Collapse 2020 !?

The Investopedia, wrote about the world’s top economies in 2020 in the beginning of the year but I am sure that recent coronavirus pandemic will be a game changer. I assume, the Statisticstimes, ranking the countries by their GDP (Nominal) Ranking, and GDP (PPP) Ranking will also show great changes in the near future trends.

The question is what we can do if the world economy collapse in 2020?

• What businesses should we start if the economic collapse 2020 happens?
• What strategies we can implement to reduce the impact of the economic recession?
• Should we change our production lines in manufacturing industry to meet the need of market like Ford, and GM companies?
• What are the needs, Wants, Demands of the market when the world economic collapse 2020 really happen?

Next update, I will try to answer some of these questions by reviewing the economic history during the last recession, the great depression 1929 and maybe we can learn from the past although the reason of this recession is completely different but there might be similarities.

The US Economy Collapse 2020, How Probable That would be? How this affect the Business world

1. The US has now the most coronavirus number of cases in the world (The world epicenter) , even more than China, worldometers update live.
   
2. Future “Hyperinflation for the Nation” some people say !? The House passed $2 trillion to the US president as coronavirus stimulus bill, but does it work?
3. The unemployment rate in the US has increased dramatically and it is one of the factors that might lead to US economy collapse
4. Will “The Great Cessation” in 2020 be worse than “the Great Recession”?, Forture articulated.
5. Dramatic Increase in the number of coronavirus cases and death toll in the US
6. Mechanical ventilation shortage in the US. , The Intercept published.
7. Lack of hospital beds in the US, has been the main concerns and it’s all over the news everywehere from the past faw days
8. A shortage of doctors, nurses and health workers in the US might be the next probable problem, as Vox wrote on March 26th.

All said, it seems the US needs more help than the other countries.

Re-opening the businesses by 12th of April in the US, taking all these health emergency, medical equipments and beds shortages, and problems in the US into consideration, would worsen the circumstances and it’s about the global health not one country itself. Breaking the chain of coronavirus infection needs that all countries work together.

One the other hand the coronavirus is rapidly spreading in Europe and most of the businesses in the world are crippled. Hope the best for the world. At the moment, business issues are less important than health emergency by the way. However, if the coronavirus crisis takes long some people might suffer from hunger, which needs to be contemplated and considered.

Source: https://www.worldometers.info/coronavirus

The Great Depression 2020 | World Economic Collapse 2020

The Great Depression 2020 | World Economic Collapse 2020

• Trump Seeks help from Asian and European countries for medical help to fight coronavirus, The Guardian
• Trump worries about the US economy collapse 2020 and hope to reopen the businesses by April 12, CNN

• Washington Agrees on Unrivaled $2 Trillion Virus Rescue Bill, U.S. News

The question is, how this $2 trillion stimulus works? Paying checks to people to spend !? Most probably a single person with around $75,000 or less income would received around $1200 which you can almost do nothing with it in the US but you would be able to survive for a few days.

On the one hand, the economy is not going to survive this crisis for long so this might seem required, on the other hand, I think it leads to hyper inflation in the US, it decreases buying power of people and gold, silver will skyrocket! In addition, post coronavirus crisis – they might need to increase taxes so that they can make up for this money spent.

The Great Depression 2020, World Economic Collapse 2020

Let’s analyze the business world and the global economy news based on published and reliable articles to see how close we are to the great depression 1929. Will there be another great depression 2020 and world economic collapse 2020 as its’ all over the news !!?

Understanding the current market needs, wants and demands in 2020 and analyzing the business crisis and issues help business owners, entrepreneurs, managers to be prepared and to decide what they need to do.

“Lockdown Britain” – National Health Emergency due to Coronavirus Pandemic

An economic recession might be ahead 2020 as for the first time in Britain history: PM (Boris Johnson) officially announced a national emergency – “Lockdown Britain”, headlines and front pages of the national newspapers.

• Only shops for basic necessity are allowed not to close
• Police fine up to 1000 pounds
• All gathering more than 2 are banned
• Brits MUST stay home!

The Guardian articulated.

The Near-Lockdown of Major Cities in the US – Coronavirus Pandemic 2020

• The Great Depression 2020 is Probable
• Increased Unemployment Rate in the US 2020
• Closed businesses
• Surged initial jobless claims in the US which could be 2.25 million and predicted increasing number in the following days and weeks

The New York Times published.

Lockdown Europe – The Economic Meltdown and even Great Depression 2020

While there are may European lowed-down countries and the coronavirus is said to be spreading rapidly, there is another concern that businesses cannot be closed for a long period. Closing the businesses for a long term to control the coronavirus pandemic might lead to economic crisis and even a great depression 2020.

Politico, articulated in this regard that the businesses in Europe cannot be closed for long and “the coronavirus lockdown cannot go on too long”or there will be sever economic consequences and this might be more deadly than the coronavirus itself.

How Probable is another Great Depression after a century? What about the World Economic Collapse 2020?
Will there be a great depression 2020? World Economic Collapse 2020?

The Great Depression 2020, World Economic Collapse 2020

The Great Depression 2020 and World Economic Collapse 2020 – are the matters of economic concerns globally. It’s all over the news and even when you google the news to read some business related articles you have no choice rather than reading about how coronavirus is causing fanancial crisis 2020, recession 2020, economic crisis 2020, or even the great depression 2020. Some governments and business experts say that the crisis most probably continue till the next 3-4 months and some pessimistic experts warn that it might take more than 10 months for businesses to recover and the complete business world recovery will be in 2021.

The Great Depression 2020, World Economic Collapse 2020

Coronavirus as a Global Pandemic 2020, Global Economic Collapse 2020 – 2021

WHO – Coronavirus is a Global Pandemic, Companies try to Survive in the Market

World Health Organization confirmed that coronavirus is considered as a global pandemic. Most businesses are closed or suspended due to businessmen, business owners staying at home to avoid spreading the virus. Lots of companies asked their employees to work from home. Some companies went bankrupt or had redundancy since they have no income to pay the salaries.

Unemployment Rate Increasing

Business and economic news, these days, write about the financial crisis, stock market issues and businesses that are closed and suffering from the coronavirus crisis.

coronavirus pandemic (2020) will difinately affect labor market negatively and increases the unemployment rate worldwide and in the US. Now more than 2 milion unemployed workers are estimated in the U.S. Those who used to work in HORECA industry. Hosptality industry including includes lodging, food and drink service, event planning, theme parks, transportation, cruise line, traveling, airline and additional fields within the tourism industry and HoReCa (Hotel / Restaurant / Cafe) industry are almost collapsing worldwide due to coronavirus pandemic. There is no demand as people panicking and not using the tourism services industry. It all might lead to the World Economic Collapse 2020.

Unemployment Rate in the U.S. Might Reach 20% or even up to nearly 25 % like the Great Depression in 1929 and Lots of Americans May Lose Their Jobs Due to Coronavirus Crisis, experts warn

High Unemployment rate would definitely affect eveything.It takes lots of time so that the economic factors like the prices, shortages, businesses, unemployment rate, poverty etc recover again and it damages the economic world severely. Millions of millions jobs might be lost globally and it destroys everything.

The Great Depression Worldwide impact of Coronavirus Crisis 2020 – 2021 – Global Financial The Great Depression 2020

Lots of Businesses Closed in America

Stores, Resorts, Theme Parks, Restaurants, Hotels and Cafe are closed in the US. Around 90 main US retailers temporarily closed their stores. Travel and tourism industry in the US and Europe will also take a hit from the closures.

People start losing their jobs as the businesses are being closed and losing their customers and it means another probable great depression in 2020. It is less likely to happen but the world is reaching the point based on anecdotal evidences and some scientific forecasts. if the cronavirus crisis last long we might experience world economic collapse 2020. Analysts estimate ‘worst’ economic crisis since 1929 which triggers fears of a global recession and another great depression worldwide, CNBC articulated.

The Great Depression 1929 to 1939 – the worst financial crisis in 2020 ever after 1929 | The Great Depression 2020

Toilet Paper Shortate in the US and Some Other Countries

People in the US and some other countries are hoarding guns, toilet papers, hand sterilizer and alcohol because of coronavirus pandemic crisis. Forbes website articulated that The Toilet Paper Shortage is not permanently but even if it is the truth and the issue is merely temporary. It is a vivid evidence that people are panicking. Stress is a natural reaction to any crisis and shortage. It directly affects wealth, businesses and the country economy. Now, people around the world know; what a global village is.

Have you seen this kind of shortage in your entire lives!? How close are we to the great depression 2020 !?

Toilet paper shortage crisis the great depression 2020 and coronavirus

Hand sterilizer shortage worldwide coronavirus global crisis

People in the US, the UK and some other countries started to hoard goods necessity for quarantine and isolation. Some people panicking and worried about basic necessities of their lives. Isn’t it another sign to trigger the great depression 2020 !?

Hand sterilizer shortage – coronavirus global crisis – The Great Depression 2020

The Great Depression 1929

These pictures show the great depression in 1929. For several years, world experienced the highest unemployment rate, poverty, increased number of jobless people.The great depression began in the US, and it lasted until late 1930s in the world. The worst depression of the 20th century. It started by falling in stock prices and the a huge stock market crash like what is happening in 2020 now. Global GDP were adversely impacted (15% fell) and it was 15 times more than the global GDP fell in 2008 – 2009 (1% fell). Industrial production, wholesale prices, foreign trade, unemployment as economic factors and indicators were all worsen. in Europe and the United States.

The great depression was not like the financial crisis it affected both rich and poor countries. Average global unemployment rate was about 25% to 33% and all the personal income, profits prices and tax revenue decreased and international trade also dropped by 50%.

Current Economy – worse than 1929 – A Very High Rate of Unemployment Ahead in 2020 | The Great Depression 2020

The Great Depression 2020

Just google it, there are lots of articles that are comparing the coronavirus crisis with the crisis in 2008-2009, and the crisis of 1987. A lot of experts say, it is getting worst that these and the world might face another great depression.

We can see the results, the businesses are closed, the airlines, travel and tourism industry are crippled, stock markets are crashed, people are panicking, death tolls and coronavirus infected people are increasing (you may check worldometer for coronavirus real time update). Based the real time website the US had the highest number of coronavirus cases yesterday. Think about it how close we are to another great depression 2020 !? How probable it is, comments are welcomed.

Our company has been suffering from the imposed sanctions in addition to coronavirus crisis. 

I am a mechanical engineer who studied (Master’s Degree – MBA) in Malaysia, spent nearly 6 years of my life abroad studying, working and paying taxes. I have received PhD programme offers (half scholarship and tuition free educational programmes from universities in Europe and Asia) but I did not enroll due to financial issues.

I worked with and for SingTel (Singapore Telecommunications Limited), NetApp, Sudong Sdn. Bhd., Brandt International Sdn Bhd, Sellbytel Group (employed for Google Project) but continue to work for NetApp UK and Ireland. I worked, studied and lived with people from the UK, the US, and many other countries and of course we are all humans and understand each other.

Having multicultural business and work experience, I strongly believe that Iran is one of the first countries that will recover from the coronavirus crisis. Since the country has been under imposed sanctions for so many years; the probable great depression 2020 will have the least impact on Iran.

Best wishes for Iranians and Iran. We will definitely defeat coronavirus.

One day, I would like to turn on the news and hear, there’s peace on earth. If there is a global crisis it is for everyone, let’s help each others.

I hope we are going to see brighter days for the business world, in the near future.

Yasha Sazmand, B.Eng., MBA
Business Consultant based in Tehran, Iran
Simultaneous and Consecutive Business Interpreter in Iran
Management and Science University, Malaysia – My Google Scholar Citations
CEO and Board Member – AKAM ATA Anzali Free Zone Co.

Contact Info: ceo @akam-ata.com |   WhatsApp / Telegram: +989120377020