I talked today with my friend. As one would expect, the first topic we talked about was the coronavirus, and I specifically asked him what he thinks about the economic downturn.
How strongly will it affect the software development field (which we are both in)? I was more optimistic and hopeful by saying that people use software products now even more because of the virus. Still, he pointed out that the apps are the ones that help pass pastime or software that allows creating for those apps, i.e., Adobe suite and others. That was the gist of his notion.
He thinks that we will have to wait and see the effect, as the domino chain of bankruptcies just started. There is hope that the support and cash injections from country governments will act sort of a circuit breaker, and that the chain of "despair" will be firmly cut earlier than later, and that it will stick and not rebound. 🤞