‘There will be violence’ Terrifying prediction for world if coronavirus crisis continues
Jacob Wallenberg warned of the economic threat from measures taken by Governments in response to Covid-19. It comes as countries around the world have been put on lockdown in a bid to stop the spread of the virus.
Mr Wallenberg said if the crisis continues, unemployment could reach up to 30 percent and economies could contract by 30 percent.
He told the Financial Times: “There will be no recovery. There will be social unrest. There will be violence.
“There will be socio-economic consequences: dramatic unemployment.
“Citizens will suffer dramatically: some will die, others will feel awful.”
The industrialist added he wanted to spark a debate about the long-term consequences of the pandemic.
He said: “I am dead scared of the consequences to society.
“I want to put the view — what else can we do? Right now, we’re just going on one path.
“We have to weigh the risks of the medicine affecting the patient drastically.
“How does tomorrow look like? One of these days there is a tomorrow. We have to prepare ourselves as well.”
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It comes as more than 470,800 people across the world have been infected with coronavirus and over 21,200 have died.
US President Donald Trump has said he hopes the US will reopen by Easter.
He warned, if the country did not return to business, it could suffer “a massive recession or depression”.
Mr Trump said: “You’re going to lose people. You’re going to have suicides by the thousands. You’re going to have all sorts of things happen. You’re going to have instability.”
In a tweet, he added: “The LameStream Media is the dominant force in trying to get me to keep our Country closed as long as possible in the hope that it will be detrimental to my election success.
“The real people want to get back to work ASAP. We will be stronger than ever before!”
Meanwhile in the UK, where 463 people have died after testing positive for coronavirus, Boris Johnson imposed a police-enforced lockdown earlier this week.
The Government said it expects 10,000 coronavirus tests per day to be carried out by the end of this week despite testing just 6,643 on Wednesday.
There have been 9,529 confirmed cases of the virus in the UK, according to the latest figures.
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