Investing and Global Finance News

Next Step for The Economy

There have been a lot of ups and downs economically, psychologically and physically as we witness and participate in the evolving of the coronavirus pandemic.  Here, we take a look at what some people are saying.

Founder and CEO of LaSalle, Tom Gimbel said:

“This economy isn’t coming back. It is back. [The first signs of the economic blastoff showed up in March’s better-than-expected increase of 916,000 jobs.] I tell you this is the most optimistic job market I’ve ever seen. The only thing that causes it not to be great is Covid.”

CEO of JPMorgan, Jamie Dibon said:

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom. This boom could easily run into 2023 because all the spending could extend well into 2023.”

Senior Economist with Aberdeen Standard Investments, James McCann said:

“The recovery so far has been pretty impressive, actually.  There’s obviously a good ways to go yet. In those parts of the economy that are still suffering from Covid distortions, we’re still seeing activity depressed. We’re increasingly very optimistic about the ability of the economy to recover quite robustly from here,”

Chief Financial Economist at Jefferies Aneta Markowska commented:

“We’re going to increase significantly from here. The momentum is good and it will get even better as you move into the spring months.”

And Manhattan Institute Senior Fellow Brian Riedl said:

“In the short-term, the economy is heading into its potential growth rate. Any additional stimulus will likely lead to inflation rather than long-term growth.”

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