"The dynamics of the economic and will strengthen the tendencies toward recession, aggravating the effects of the health crisis. This relationship means that the duration and depth will be dependent on the combination of both crises. The drops in the stock market are bursting a bubble that helped maintain weak economic growth (particularly in the U.S.), without having resolved any of the structural problems that burst forth with the 2008 crisis (low productivity, low investment). Companies today are more indebted than in 2008, so a series of bankruptcies (in airlines, shale oil companies in the U.S., tourism, etc.) could hit the banks. Unlike 2008, the banks appear to be in a better position, but this all depends on the depth of the recession. There are other significant differences compared to the last recession: instead of coordination between the governments of the main powers that was seen in 2009 (when they were obviously terrified by the depth of the crisis), today confrontations are prevailing due to tensions and ruthless competition not only between the United States and China, but also between the U.S. and Germany (with strong economic ties to China), and even between the United Kingdom and the European Union."