This could get worse before it improvesLockdown measures result in a severe contraction and bleak economic outlook for the rest of the year. I have a feeling that it could beat the legendary 1930s Great Depression. I mean that by adopting lockdowns to control the spread of diseases, one has to accept their great economic consequences. It was not the magic of war but the 100% of GDP spending on war budgets that did the trick. Economic growth is likely to be much worse in the second half of this year for three reasons.

Source: Bangkok Post July 15, 2020 22:41 UTC