So it looks like Flybe is going to go under imminently
metro.co.uk/2020/03/04/flybe-collapse-days-coronavirus-spread-hits-sales-12350017/
To be fair, Flybe has been on its last legs for a few years now, so it's no great surprise. But it does make one think about the knock on general economic impacts that will come.
Global stock markets have been severely impacted. And before people think, oh that doesn't affect me, then for example if you have a pension it very much does. Many other sectors invest in stock markets to get return on equity.
Tourism is already being hit massively. Holiday bookings are down, impacting flights, hotels, tourist destinations. This in turn will impact provision of things like hospitality or cleaning.
The large financial groups of the world (World Bank, IMF, national regulators) are already forecasting low economic growth in the next year as a result, with poor countries at heavy economic risk.
Are you worried about the broad economic impacts that may come about ? Or do you think it'll just be like normal economic cycles where it'll be painful for a while with a bounce back?