Economic recovery will be a slow but a steady process for most countries. Some countries may take longer than the others and some even longer than them. Most countries such as China which are determined to prove a point to the world will open up faster than the others. China today operates at 90 percent. Though everyone has gone back to work peoples social lives are still at stake as people are not going out and meeting friends or socialising that much. China's GDP is sure to come back to normal sometime soon but the rate of unemployment is still going to be extremely high discretionary spending has gone down and thats where the service industry lies.
Supply chains of most companies was already disrupted with the tariffs of the trade wars being on, now its gone much further therefore since the recovery of supply chains is a far fledged scenario, most supply chain will continue to remain disrupted which will affect the economies of mainly import oriented economies as well as export oriented economies such as China.
The working of the financial system has also undergone a big change, with fear psychosis in place and people forced lose their jobs or work from home, the ability to lend as well as borrow has gone drastically down to levels which were much lower than even during the 2008-2009 crises. It is therefore going to be extremely difficult to keep economies afloat for a very long time unless Governments think out of the box and come up with extremely innovative solutions.
The fear of living in a country with extremely poor healthcare or extremely expensive health care systems may prompt people to move in or migrate to lesser vulnerable healthcare economies and the idea of universal healthcare may now be seen coming to fruition as finally the Governments have understood that an extremely well functioning healthcare system is absolutely essential for keeping the economies afloat and the confidence of the investors and the workers intact.
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