there is also a lot of pent up demand, so if that cancels the ramp up, say we call it a 4% drag on the GDP, make it a flat year for 2020 as they were shooting for 5% ish.
for the US, lets call it a 3% drag on top of the 2% projected, so basically a flat year, maybe techincally a recession with 2 quarters of negatives....
so what, 1% negative growth canceled by the Fed cut already, so where does this 30% down comes from.....
like I said it's just a shake, made very big conveniently by the virus.