How Close Are We to a Total Economic Collapse in 2020?

3 essential economic indicators to watch during the Coronavirus crisis

The world is in an absolute kerfuffle, but we seem to be too numb to comprehend the size of our problem. There is an abundance of information that makes it hard to know what is important and what’s not.

It is true that we’re focusing our energy on the current health crisis that we are at, but this will eventually pass, and we’ll be left with a ruined economy to deal with.

I’m not trying to be a pessimist and spread panic, but rather focus on the bigger picture and ignore information noise. It is the right of every citizen to realize the real threat here, which is the inevitable economic collapse.

In this piece, I want to make it simple, and highlight 3 economic indicators to watch in the coming months. Those indicators help us track how close are we to a total economic crash.

1- Unemployment Rates

The level of unemployment has skyrocketed amid the Coronavirus pandemic. The American Labor Department reported another 5.2 million unemployment insurance claims for the week ended April 11. That brings the total number of Americans seeking unemployment benefits to over 22 million.