Unemployment 20% , millions of job loss , recession anta

[AndhraneedSCS]

Janalu reality loki vaste manchidi 

 

1) Restaurants, Fitness Centres, Casinos, Hotels, Airlines, ... are all shut down in so many places. This means, many people will be laid off.

2) Most Car Manufacturers are closing their plants due to local restrictions and due to lack of parts

3) Even Schools and colleges are closed (although I dont expect any job loss because of this)

4) No body even goes to gas stations 

 

60% of jobs are in services sector, which is severely impacted. So, 20% unemployment is a possibility although I hope that won't happen. 

 

Intha mandi impact ayithe, so many companies may go bankrupt (Including Boeing). and demand decreases for bigger companies like Apple, No add revenue for FB, Google,...the list goes on and on.

 

it all depends on how quickly we can get things back to normal. If it is going to extend for more than a month, then there is a possibility of things getting worse than 2008

[Sucker]

15 minutes ago, pittagoda said:

S386 pass avutada??

 

 

 

Vunnollake jobs levu ra ante mee gola yendi kaka 

[Mr Mirchi]

1 hour ago, desiboys said:

Crime rate peruguthadi baga. India ki pothe better.

Guns baga sold antunnaru entoo

[veeraveeraleaks]

55 minutes ago, AndhraneedSCS said:

Janalu reality loki vaste manchidi 

 

 

 

1) Restaurants, Fitness Centres, Casinos, Hotels, Airlines, ... are all shut down in so many places. This means, many people will be laid off.

2) Most Car Manufacturers are closing their plants due to local restrictions and due to lack of parts

3) Even Schools and colleges are closed (although I dont expect any job loss because of this)

4) No body even goes to gas stations 

 

60% of jobs are in services sector, which is severely impacted. So, 20% unemployment is a possibility although I hope that won't happen. 

 

Intha mandi impact ayithe, so many companies may go bankrupt (Including Boeing). and demand decreases for bigger companies like Apple, No add revenue for FB, Google,...the list goes on and on.

 

it all depends on how quickly we can get things back to normal. If it is going to extend for more than a month, then there is a possibility of things getting worse than 2008

Good analysis. I agree with you. 

[Thokkalee]

1 hour ago, siru said:

20% is crazy high mark.. 2008 lo kuda ledu antha

At that time, people were not afraid of coming out, travel or spend money.. this time, even people with money won’t come out and spend money as they are worried about getting the virus.. 

[Thokkalee]

1 hour ago, AndhraneedSCS said:

Janalu reality loki vaste manchidi 

 

1) Restaurants, Fitness Centres, Casinos, Hotels, Airlines, ... are all shut down in so many places. This means, many people will be laid off.

2) Most Car Manufacturers are closing their plants due to local restrictions and due to lack of parts

3) Even Schools and colleges are closed (although I dont expect any job loss because of this)

4) No body even goes to gas stations 

 

60% of jobs are in services sector, which is severely impacted. So, 20% unemployment is a possibility although I hope that won't happen. 

 

Intha mandi impact ayithe, so many companies may go bankrupt (Including Boeing). and demand decreases for bigger companies like Apple, No add revenue for FB, Google,...the list goes on and on.

 

it all depends on how quickly we can get things back to normal. If it is going to extend for more than a month, then there is a possibility of things getting worse than 2008

Boeing stock fell from 440 to $100 in the last one year.. any company that requires people to come to office/factories will be shut down to avoid spreading of the virus.. 

remote work option unnavee (IT sector) survive avtayi.. but if business goes down, IT alone cannot survive.. soon, IT kuda impact avutundi..

[Deadp0ol2]

2 to 4 weeks lo life normal kaakapothe guarentee ga jobs lestaai

Road meeda evvadu pani cheyaka intla koosunte G endipotai anni companies vi