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Written by Steven HansenEconintersect's Economic Index forecast sees a bump in the economic rate of growth at the Main Street level partially driven by comparisons to the recession one year ago. However, economic potential is better than the pre-COVID conditions as the economy was weakening well before the pandemic hit.
Econintersect's Economic Index forecast sees a bump in the economic rate of growth at the Main Street level driven by government spending - and employment continues to accelerate. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast Economic year-over-year growth is about to skyrocket as the data is being compared to the country's lockdown and recession last year - but do not confuse yourself as the underlying rate of growth is not exceeding pre-pandemic levels in most areas. A recession ends when the eco...
Econintersect's Economic Index forecast sees a modest slowing of the economic rate of growth as consumers do not yet seem to be prepared to spend. The media/government message machine is spinning the variants as a potential bomb reinforcing the message to consumers to save for the oncoming rainy day - even though the current rapidly expanding COVID vaccination program should be cause for a rosier message. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast The effectiveness of stimulus programs is signif...
Econintersect's Economic Index forecast continues to see a recovery underway from the pandemic induced recession - although the recovery continues to be modest and the economy remains weak. We see a marginally stronger economy in February. The coronavirus daily totals are declining - but the leaders at the CDC are worried that the South African / Brazilian variant may explode in February which would heavily impact the economy. Please share this article - Go to the very top of the page, right-hand side for social media icons. Analyst Summary of this Economic Forecast In the case of our forecas...
Written by Steven HansenEconintersect's Economic Index forecast continues to see a recovery underway from the pandemic induced recession - although the recovery continues to be modest and the economy remains weak. We see a stronger economy in January. The coronavirus daily totals continue at, or nearly at, record territory - and any attempt to lockdown with a weak economy will trigger a double dip recession.