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Well, I am neither an economist nor a prophet but as a Rabbi, I have a few "spiritual" assumptions regarding this issue:
1. The Jewish faith, in contrast to other religions, claims that G-D wants to benefit people "also" in this world.
"...he created it (the world) not in vain, he formed it to be inhabited: "Isaiah 45:18
G-D is not interested in chaos but rather in the inhabitance of the world. Because of this - modernity, technology, leisure time, and entertainment in the right amount - is a positive thing and will not go down the drain so quickly.
In our case, it is important to remember that there are no resources that have disappeared from reality. The world has been shut down for two months - and this has huge implications - but the raw materials, the potential, and talents remain the same.
Although the shock waves of collapsing sectors and businesses will hit us hard, many will still remain in tacked and will even reinvent themselves. It is all a matter of perspective and proportions.
The main implication would be a short-term decline in our living standards. A low-fat diet is not necessarily a bad thing. We will have fewer flights abroad, less glittering family events; we will learn how to live with it.
There is a scenario in which, the days of the coronavirus will produce more equality in our society. For example, there will be an economic protest against the hefty salaries and improved working conditions of senior civil servants. With all due respect, self-employed people should not lose their businesses while others may collect three pensions.
In general, from a historical perspective as well as from a faith perspective we learn that apocalyptic prophecies tend not to come true.
In summary, I bet my money that the economic recovery will be faster than we expected.
Amen.
To commemoration of Rivka, daughter of Ovadiah, G-D rest her soul, on her 45th Yahrzeit. May her Neshama have an Aliyah.
Evil will pass
Good will prevail
With the help of G-D
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Kuzari -Rabbi Ari Shvat Kuzari class 5- "Proofs of G-d"
This may be the most important class of the entire book, where we finally get to the Jewish proof of the existence of G-d and truth of the Torah. We should follow His own direction where He tells us how to get to Him: through the Nation of Israel: Jewish history, Jewish prophets (and today, prophecies fulfilled), and national reward & punishment towards Am Yisrael.
Ein Aya One Humanity, One Creator, One Jerusalem
Rav Kook innovatively and beautifully explains this aggadeta where our sages say that after Jerusalem was destroyed her cinnamon fragrance is only found locked in a particular kingdom's treasury.
Shlach Lecha "Why So Many Don't Make Aliya?" - Parshat Shlach
This short article deals with the weird phenomena that every single time Am Yisrael is meant to enter the Land of Israel, throughout the Tanach, 2nd Temple and until today, they "chicken out" and look for excuses. What's the problem with this mitzvah that proves so challenging. The article, based on sources, suggests that the difficulties of Eretz Yisrael is precisely her secret and beauty!
Kuzari -Rabbi Ari Shvat Kuzari class 4
The class deals with Islam and how the Muslim tries convincing the King of the Khazars, and why he was also rejected.
Beha'alotcha JEWISH STATE= GUIDE TO G-DLINESS & SELFLESSNESS
A Jewish State not only is a good idea, but educates us towards selflessness, altruism and G-dliness in our daily lives.
Ein Aya In Zion Even the Smoke of the Bark is Sweet
Just as Jewish nationalism is different from others, so too our capitol of Jerusalem is totally different than other national capitols. Rav Kook beautifully explains the passage in the Talmud that the trees of Yerushalayim were cinnamon trees.
Kuzari -Rabbi Ari Shvat Kuzari class 3
The second speaker invited to convince the Khazar King is the Christian, who presents their beliefs. Even before the questions of the King, "between the lines", the author R. Yehuda HaLevi already begins disproving them.
Ein Aya "Intimacy: Love, Life & Giving or Egocentric Taking & Expiration"
Today, many confuse between intimacy in marriage, based on love, giving and life which are diametrically opposed to empty "sex", pornography and prostitution which destroyed the Beit HaMikdash. The practical importance of clarifying this topic in today's western society is obvious, especially for young adults.