This Week's State Of The Economy - What Is Ahead? - 10 September 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Sep 12, 2020

This Week's State Of The Economy - What Is Ahead? - 10 September 2020

A Faster, but Still Far From Complete, Recovery

Although the recovery from the COVID recession is still far from over, the U.S. economy is bouncing back faster than many expected. The third quarter’s rebound now looks to be even stronger than estimated last month, with GDP increasing at a roughly 25% annualized pace. 

Growth remains set to slow beyond the current quarter, but momentum is holding up fairly well and suggests that businesses and consumers are adapting to the COVID environment. Personal consumption remains on course for further gains over the remaining months of the year. Households entered into August with saving still high, and the job market continues to heal. While still less than half of the jobs lost since February have been recovered, the ongoing improvement seems to have reduced the urgency among lawmakers to provide more stimulus at this time. 




This Week's State Of The Economy - What Is Ahead? - 19 May 2023

Economic data continue to suggest the U.S. economy is only gradually losing momentum. Consumers continue to spend, and industrial and housing activity are seeing some stabilization.

This Week's State Of The Economy - What Is Ahead? - 06 November 2020

As of this writing, the outcome of the U.S. presidential election is undecided. Joe Biden, however, appears likely to become president based off of his growing lead in several key states.

This Week's State Of The Economy - What Is Ahead? - 15 January 2021

Retail sales fell 0.7% in December, the third straight monthly decline. Sales are still up 2.9% over the year, however.

This Week's State Of The Economy - What Is Ahead? - 04 June 2021

The CDC\'s relaxation of its mask mandate occurred mid-May, and as data for that month begins rolling in this week, it is evident there is no lack of demand. Supplies, on the other hand, are a worsening problem.

This Week's State Of The Economy - What Is Ahead? - 15 November 2019

Retail sales beat expectations and rose 0.3% in October, reflecting the ongoing strength of the consumer. Control group sales, a major input to GDP, also increased 0.3%.

This Week's State Of The Economy - What Is Ahead? - 01 May 2020

U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter.

This Week's State Of The Economy - What Is Ahead? - 13 March 2020

Financial conditions tightened sharply this week as concerns over the coronavirus and the economic fallout of containment efforts mounted.

This Week's State Of The Economy - What Is Ahead? - 15 December 2023

core CPI remained elevated in November at a 4.0% annual rate, a string of slower monthly prints suggests that disinflation has more room to run.

This Week's State Of The Economy - What Is Ahead? - 07 February 2020

U.S. employers added 225K new workers to their payrolls in January, which handily beat expectations. But the factory sector shed jobs for the third time in four months, and net layoffs were reported for finance and retail as well.

This Week's State Of The Economy - What Is Ahead? - 08 January 2021

The manufacturing sector is showing a great deal of resilience, with the ISM Manufacturing survey exceeding expectations, at 60.7, and factory orders remaining strong.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2024 TC Global Commercial. All rights reserved.