This is a question ❔ that we continue to receive from the community. What is going to happen 🤷♂️ to our economy here in South Florida?
Well, as always, I don’t like 👎 to give my opinion, but I like to see what the experts say 🗣 about GDP.
Hi👋 , I’m Carlos Zapata, owner and broker of Pitbull 🐶 Realty.
Well, let’s dive into what four of the major financial institutions predict 🤔 and how they typically predict 👀 how our economy is doing.
The economy 💵 is often measured in terms of GDP. GDP provides an economic picture 🖼 of a country, used to estimate the size 📏of an economy and the growth rate 📈.
The results of the first quarter have already arrived 📥, and we see that GDP 💲 is negative 4.8 😬. According to the four main financial 💰 institutions, Goldenman Sachs, JP Morgan, Morgan Stanley and Wells Fargo, the four predict 🤔 that for the second half of the year GDP 💲 will continue to decline 📉. However, for the third quarter, 3 of the 4 institutions predict that GDP will increase ⬆️ as things start to open, more businesses 🏢 are operating and we have fewer restrictions ⛔. Also, it is good to know 👍 that ALL four major financial institutions predict that the fourth quarter will show a positive economic 💲 recovery.
We need to think about how economists 💰 analyze the recovery and what they compare ⚖ it to to make their predictions. In the past, economists 💰 generally looked 🔎 at the Business Science 🧪️ of the economy, which means … how the economy has recovered 📈 from similar slowdowns in the past to make its predictions 🤔.
However, now because of what is happening, they also have to look 👀 at other sciences 🧪, one of which is health 🤕. Now you must consider more this current situation that we are in now ⬇️, when will it be under control? What if we have a possible outbreak in the fall 🍁? Furthermore, economists now need to observe 🔎 People’s Science. That is, once the companies 🏢 are operating, how long ⏳ will it take for the American Consumer to return to “Normal” consumption patterns 😎, that is, to do things like eat in restaurants 🍔, go to the movies 🎥 or sporting events, or travel ✈ , etc. . The factors that are taken into account 📝 to make projections on how to recover the economy 💲, make it a little more difficult 😣 than in the past, cannot simply be referred to Business Science 🧪️. A good thing 👍 is that none of the four main institutions call it an “L” recovery 😁, which means that the economy is not ❌ going to fall and will remain low ⬇️. All predict that the economy 💲 will begin to recover in the second half of the year as companies 🏢 reopen in a “V” recovery. So, according to experts 🕴, they predict that the economy will grow 📈 in the second half of the year.
Feel free 👍 to reach out to us anytime here at Pitbull 🐶 Realty, your local digital community 🏘 market leaders to ask questions ❔ or just need some advice on what to do to buy or sell your home 🏡 in South Florida.
This is your friend 🤝 Carlitos Zapata from PITBULL 🐶 REALTY
REAL ESTATE WITH LOYALTY AND LOVE 💓