The economic situation is terrible. Still, the media is talking about the recovery. Unfortunately, the media ignores the facts. Then they would simply acknowledge that there is no recovery. The worst is not behind us. We are getting even more terrible in the near future.
Everyone, including me, is talking about unemployment. This is a terrible thing. I also debate this terrible figure. But there is more. What about the armageddon that is happening in the retail landscape? Shop closure is the standard. nOt the shop opening.
Around a quarter of the small shops are closed. I don’t see them reopening any time near soon. For that the mom and pap stores. Heading towards the food bank and benefits. After a life long-running a shop and serving customers.
To make it even worse. 60% of the restaurants that had to close temporarily are closed forever. They are not reopening. Taking all those entry-level jobs off the market.
There are no jobs to return to. So while politicians keep talking about it, you should prepare for the reality.