Ask HN: Is an economic crisis approaching post Covid-19?

Short answer: yes, we will see another financial crisis. Probably in fall 2020. In terms of economic cycle, covid was just bad luck and did not lead to corrections - on the contrary.

To make myself eligible for some precog society I say we will see a major downturn worldwide in Oct 2020.

Depends on who you ask. Nobody can predict the future, otherwise they'd be a stock market Billionaire.

I see an economic crisis brewing in the distant future. Our economies are based on consumption. I don't think we can grow consumption indefinitely, especially if that means growing the population.