This is a global pandemic and no one has any clue what's "actually" going to happen to our macro/micro economy, jobs, real estate, businesses, society, local politics, geo political relations, potential wars and etc...! All we can do is guess ... and from guessing we can develop predictions and hopefully move to innovate!
Please share your positive and negative thoughts on the near future. i.e. 2-5 years!
The governments, specially USA, have moved to release a huge stimulus packages worth trillions ($2-8+T). However, I personally think it's premature and misses the entire core of the epidemic and USA's own nature of capitalism. They simply try to copy 2008 QE strategy and assume business as usual once people move out of quarantine! It's only a failed attempt at short-term avoidance and delay of the inevitable.
Restaurants, movie theatres, concerts, weddings, hotels & vacations and most other social structures will not get packed with people immediately. It will take years for them to become booming businesses once again. But if things are going to be different, how would they look like? share your guess...
The efficiency of WFH will be forgotten and the rat race will continue.
2-5 years, the whole world will become infected and gain resistance. Minor changes in behavior will be established such as masks becoming socially acceptable in western countries.