Lockdown 2 alarm: a hurricane on wages and consumption

In this article we want to try to understand the consequences of a hypothesis exploded today. What could happen if a second coronavirus epidemic breaks out? There is lockdown alarm 2: a hurricane on wages and consumption would hit our economy. Creating possibly irreparable damage. Newspapers and televisions have long speculated on the pandemic. Experts and presumed such have long pontificated without reaching a conclusion. Almost 6 months after the outbreak of the epidemic, certainties are still very few. But thousands of businesses are on their knees, millions of families have seen their earnings cut. According to a recent statistic, only 2 out of 5 companies will resume normal activity in 2020. While the country tries to raise its head amid a thousand inconsistencies, with universities closed and discos open, fear is peeping out. And the country is fearful of a lockdown 2.

The data that alert

The Independent Foundation Gimbe published some data that immediately alarmed the mass media. From 5 to 11 August the new infections grew by 46% despite a lower number of swabs performed. Hospitalized patients have increased by about 50 and hospitals have admitted 8 more people to ICU than last week. The trend is increasing but the numbers are still very low. The situation should therefore not cause particular concern. But experts from many sides are starting to evoke a lockdown alarm 2: a possible hurricane on wages and consumption would crush Italy. We want to clarify that to date the hypothesis of a new lockdown is remote, but it is useful to understand the consequences that this hypothesis could have on citizens. As well as on public accounts, since the State and the European Union are providing aid that may not be able to replicate in the future.

Lockdown 2 alarm: a hurricane on wages and consumption

Our government has just allocated 25 billion in incentives overtime for consumption. Similar maneuvers would be difficult to repeat, especially after a few months of the efforts made to buffer the effects of the first lockdown. The current stop to layoffs will not be able to last much longer and the economy needs a strong recovery in order to guarantee employment. Public spending has brought the deficit / GDP ratio over 167%: an unsustainable value. The priority today is to associate a containment of public spending with a growth in the Gross Domestic Product. GDP grows if the country produces and consumes: with citizens locked up at home, the national economy would risk a perhaps definitive collapse.
The editorial staff of ProiezionidiBorsa will continue to inform readers about public and private initiatives aimed at relaunching the economy. In the hope that viruses and above all fears do not take over.

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