that the US economy would struggle until at least late fall and wouldn't recover fully until early next year.
Chambers noted that the coronavirus pandemic was hammering the US economy, the healthcare system, and global supply chains and posed an existential threat to many companies.Visit Business Insider's homepage for more storiesThe venture capitalist and former Cisco chief John Chambers predicts that the US economy will be stuck in the doldrums until at least late fall and won't stage a full recovery until early next year.
Then trump would be out of office
Not only US....what about those still struggling to get out of recession before this Virus attack...Sigh...
this is also somewhat related to the fact that the whole world is moving to cloud services and on prem large cisco infrastructure is quickly becoming obsolete.
I’m sorry if this offends and no disrespect intended, these predictions are meaningless. We all know this. This isn’t being part of the solution, provides no useful information for surviving & getting though it, it takes no effort & requires little insight to say “change needed”
Inevitable there will be a recession after this. What is more interesting to me is the associated social & political change. Remote working could become the norm and governments could find themselves with a ton of new powers to either erode democracy or strengthen social contract
That’s why we need to start the recovery process now so it won’t get worse WeGotThis
Probably more like 2022, let's be real.
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