I'm starting to think more and more about the economic fallout of this crises.
In regards of the virus. I'm doing what I can to not contract it and bring it home to my wife but... the Japanese society does very little to stop it so I've resigned myself to the fact that it's just a matter of time.
Because there's basically no testing, no real limit on group size and business goes on as usual more or less. A few big events has been cancelled (but not all). They say "wash your hands" on TV, but I doubt that'll make everyone actually do it. Now that the toilet paper is back in the stores (where I live), the pandemic is not something you really take notice of outside of news. Japan goes on like normal (slowly working themselves to death).
I wonder how bad the world economy will tank though? Because that's not something the government can sweep under the rug as easily.
Will there'll be countries that'll file for bankruptcy like Greece had to do in the past? How will the EU fair, and how many people will loose their jobs when it's all said and done?
From what I can tell, the stimulus packages the government is planning to give probably won't save the global economy. I just can't see that it can be saved in this current situation, because you can only fiddle with the number so much. If productivity goes down, it's going to show.
Since my job is indirectly linked to american foreign interests (whose budget is somewhat high on the priority list I bet), I don't think my employment is at risk. Unless, well, the contract company I work for screws up and files for bankruptcy because of incompetence or something.
Everyone around me (my wife and extended family) mostly have government jobs as well and those are pretty safe here in Japan. Even in a crisis you really can't start firing police officers, fire fighters and military personnel since they keep society running.
So well, I guess we're (probably) safe. But that doesn't stop my from worrying.