When will the US economy recover from the coronavirus?

This is a question ❔ that we continue to receive from the community. What is going to happen πŸ€·β€β™‚οΈ to our economy here in South Florida?

Well, as always, I don’t like πŸ‘Ž to give my opinion, but I like to see what the experts say πŸ—£ about GDP.

HiπŸ‘‹ , I’m Carlos Zapata, owner and broker of Pitbull 🐢 Realty.

Well, let’s dive into what four of the major financial institutions predict πŸ€” and how they typically predict πŸ‘€ how our economy is doing.

The economy πŸ’΅ is often measured in terms of GDP. GDP provides an economic picture πŸ–Ό of a country, used to estimateΒ  the size πŸ“of an economy and the growth rate πŸ“ˆ.

The results of the first quarter have already arrived πŸ“₯, and we see that GDP πŸ’² is negative 4.8 😬. According to the four main financial πŸ’° institutions, Goldenman Sachs, JP Morgan, Morgan Stanley and Wells Fargo, the four predict πŸ€” that for the second half of the year GDP πŸ’² will continue to decline πŸ“‰. 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 β›”. Also, it is good to know πŸ‘ that ALL four major financial institutions predict that the fourth quarter will show a positive economic πŸ’² recovery.

We need to think about how economists πŸ’° analyze the recovery and what they compare βš– it to to make their predictions. In the past, economists πŸ’° generally looked πŸ”Ž at the Business Science πŸ§ͺ️ of the economy, which means … how the economy has recovered πŸ“ˆ from similar slowdowns in the past to make its predictions πŸ€”.

However, now because of what is happening, they also have to look πŸ‘€ at other sciences πŸ§ͺ, one of which is health πŸ€•. 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 πŸ”Ž People’s Science. That is, once the companies 🏒 are operating, how long ⏳ will it take for the American Consumer to return to β€œNormal” consumption patterns 😎, that is, to do things like eat in restaurants πŸ”, go to the movies πŸŽ₯ or sporting events, or travel ✈ , etc. . The factors that are taken into account πŸ“ to make projections on how to recover the economy πŸ’², make it a little more difficult 😣 than in the past, cannot simply be referred to Business Science πŸ§ͺ️. A good thing πŸ‘ is that none of the four main institutions call it an β€œL” recovery 😁, which means that the economy is not ❌ going to fall and will remain low ⬇️. All predict that the economy πŸ’² will begin to recover in the second half of the year as companies 🏒 reopen in a β€œV” recovery. So, according to experts πŸ•΄, they predict that the economy will grow πŸ“ˆ in the second half of the year.

Feel free πŸ‘ 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


When will the US economy recover from the coronavirus?
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