A deeper, more sinister recession, is now on the cards

There’s one key ingredient in economic growth that’s been largely missing since the global financial crisis: confidence.

Both business and consumer confidence.

Right now, of course, both are struggling to return to pre-COVID-19 levels.

And the unfortunate reality of coronavirus is that confidence is the one thing it’s killing.

This is because it’s a deadly virus, there’s no vaccine… yet, and it has a habit of re-emerging even after it’s been supposedly snuffed out.

Read more: https://au.finance.yahoo.com/news/sinister-recession-235236734.html
(Source: Getty)

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