Mr Mercury said:
That's the thing, lots of people are furloughed, less hours etc, but many are still working full time, either in essential jobs, from home or were they can work following social distancing guidelines, these people are still on full income with much less to spend it on, i.e. Holidays, weekends away, days out, eating out, pubs, even your regular weekend football/racing bets etc so there is available expenditure there. It's not a recession, as such, were people have no extra income to spend, it's a recession were people have no available outlet to spend! It's difficult to see how that side of life will pan out!
Fingers crossed, when the lock down is released, that exactly those in the position you describe go out and splurge, giving a massive kick start to the economy