A Look at U.S. Economic Recovery Scenarios and Consumer Strength
As of late, Americans are constantly being bombarded with news and expectations on whether the stock markets are at a new low or if COVID-19 virus cases have reached a peak. Beyond the daily numbers, many business leaders question how the pandemic will impact the economy long term. Economists have been trying to illustrate potential economic recovery scenarios by using letters. Most commonly, they refer to a V-shaped recovery versus a U-shaped recovery. Others ponder a W-shaped recovery, which indicates a dip followed by recovery, followed by another dip.
To tackle this, our economist team has built what is the most likely baseline scenario. With all this uncertainty, our forecasting and planning needs must factor in an optimistic side and a pessimistic side. Download the recovery scenarios report to view.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 2.5 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.com and follow @Prevedere on Twitter.