Couple of economists out today predicting GDP to decline by 6% over the rest of 2020. My instincts tell me that its probably going to be quite a bit worse than that. Could this recession be worse than the GFC ? I suppose a lot depends upon how soon an effective treatment is developed followed by how long before a vaccine is widely available.
My sense is it won't be until 2022 that things get back to some sort of "normal", whatever that new normal looks like ?
For HGH I expect the impact to last until at least FY23 as previous level's of provisioning for bad and doubtful debts prove to be inadequate.
Dividend level under threat now ? Definitely in my opinion.