The ripple effect is already in place. Flybe airline just defaulted, I've read a post on Linkedin that a small catering firm is suffering in Hungary due to cancelled events and other companies in the food chain will probably suffer a lot more especially if they operate with a razor thin margin.

After the human factor, the virus will hit the economy hard. It's probably only a matter of time till it triggers a serious recession. I'd really like to be wrong here.

> Flybe airline just defaulted

Although they tried to blame this on Coronavirus that's a small part of it most likely. They nearly folded a few months ago and the government promised them massive tax subsidies which it appears they never followed through on. Regardless my point is that Flybe collapsing his little to nothing to do with Coronavirus. It just accelerated things ever so slightly.

I agree - Flybe is the British Alitalia, they would have cracked at the first crisis anyway. Still, I'm happy to bet that, by June, they will not be the only airline to have folded.

Most national flagship carriers will get bailed out, you can bet on that.

Is this something British people support? Or just something you see as inevitable?

Inevitable. At least in the US, the govt will certainly act to preserve the big 3.

Ripple effect has hardly started. It's v0.1, expect the ripples from China's Dec shutdown to hit late Q1 and throughout all of Q2, if not longer.

Since beginning of March, Switzerland has 2.5k workers on part-time unemployment (a setup to use reduced working time instead of layoffs).

What is that about? Half of the Swiss work force?

If the ECB forbears they can in turn forbear with their own customers. That is the only sane thing to do. This is not the banks' doing and they don't need to be disciplined at this particular moment.