Why is that ppl love negativity so much? When the great depression struck hard, most countries were able to cope up with that and by 2009 end, everything was more than good.
That's when IT boomed, projects started coming to offshore (India, China, etc), more manufacturing, export and import surge and all
That's why every nation has economists. This time, there were lot of lay offs plus low to zero productivity.
Now, companies are hiring people back and governments are paying hefty to companies as well as to ppl
Everything will be back in a year or may be lesser