Monday, August 17, 2020 / by Janelle Endres
The news these days seems to have a mix of highs and lows.
We may hear that an economic recovery is starting,
but we’ve also seen some of the worst economic data in the history of our country.
and what it means relative to the road ahead. We’ve talked
before about what experts expect in the second half of this year,
and today that progress largely hinges upon the continued course of the virus.
“A strong economic recovery depends on effective and sustained
containment of Covid-19.” Given the uncertainty around the virus,
we can also see what economists are forecasting for GDP in the third
quarter of this year (see graph below):
Overwhelmingly, economists are projecting GDP growth in the third
quarter of 2020, with 5 of the 9 experts indicating over 20% growth
Lisa Shalett, Chief Investment Officer for Morgan Stanley puts it this way: