Within the US, we expect that some sectors will make a complete recovery in 2021, others will have the completeness accomplished in 2022, and some will wait for beyond 2023. The same is true of the world’s economies. They will likely take differing paths in the recovery years ahead, with different timelines, rates of rise, and opportunities.
Some sectors of the US economy, and the global economy, will recover in 2021. This means that activity will reach pre-recession levels (typically set in 2019). Others will not complete the recovery until 2022. Still others won’t see the recovery from the dual black swans until 2023 or beyond. Knowing which markets fall into which recovery designations will help businesses focus scarce resources where they will do the most good and understand their own recovery prospects and tactics.
“While most of the news is focused on the recent past via economic data, we think it is incumbent upon leaders to look at the economic future via the latest trends in the COVID-19 pandemic, coupled with the leading indicators, and an understanding of the recovery trend probabilities for different economies and different markets within an economy.” Brian Beaulien CEO ITR
This topic will be covered in their webinar this coming Sunday afternoon.
Join ITR CEO Brian Beaulieu on April 24, 2020 at 2 p.m. EST for a 60-minute update on the impact of the recent black swan events.