A10F03B49704A9555CB18D6BD506641C

Apr 3 2020 46719 2

Dated: 04/03/2020

Views: 76




Looking to the Future: What the Experts Are Saying

Looking to the Future: What the Experts Are Saying

As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.

Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).

According to Investopedia:

“Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.”

When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:Looking to the Future: What the Experts Are Saying | Keeping Current MattersA recent study from John Burns Consulting also notes that past pandemics have also created V-Shaped Economic Recoveries like the ones noted above, and they had minimal impact on housing prices. This certainly gives hope and optimism for what is to come as the crisis passes.

With this historical analysis in mind, many business owners are also optimistic for a bright economic return. A recent PricewaterhouseCoopers survey shows this confidence, noting 66% of surveyed business owners feel their companies will return to normal business rhythms within a month of the pandemic passing, and 90% feel they should be back to normal operation 1 to 3 months after: 

Blog author image

Donna Guthrie

Let me assist you with your Real Estate needs today! Honesty, Integrity, and hard work is what we are all about here at PowerMark Properties! I am a Gulf Coast girl born and raised. It's where fr....

Latest Blog Posts

GOVERNOR TATE REEVES RELEASES SAFE RETURN GUIDELINES FOR DMV REOPENINGS

GOVERNOR TATE REEVES RELEASES SAFE RETURN GUIDELINES FOR DMV REOPENINGS By WXXV Staff  -June 3, 2020 0 Share on Facebook Tweet on TwitterSOURCE: MGNJACKSON — Today,

Read More

Cinemark To Lure Netflix Viewers Out Of Their Homes With 5 Tickets Starting June 19

Cinemark knows it needs to roll out the red carpet to lure moviegoers back to its theaters, where sitting for a two-hour movie in a seat that was occupied by multiple strangers no longer seems.

Read More

Top Reasons To Own Your Home

Top Reasons to Own Your Home Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a

Read More

Jun 1 2020 46719 4

Buying or Selling a Home? You Need an Expert Kind of Guide In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through

Read More