Economic Recovery From COVID-19 Will Be Checkmark-Shaped
AUG 27, 2020 - 6:41 am
Internationally renowned economist, Elliot F. Eisenberg, Ph.D predicted that U.S. GDP recovery will be checkmark-shaped in Monitor’s latest Live+ event, “U.S. Economy: Navigating the Signs & the Journey Back,” which was sponsored by IDS and held on Tuesday, Aug. 25.
Moderator Robert Moskovitz, CFO of Verdant Commercial Capital and member of the Monitor Editorial Board, interviewed Eisenberg, Ph.D. about the depth of the recession and the road to recovery.
Noting that the economy has bottomed out, Eisenberg examined recovery trends in various markets and noted that despite marked recovery in retail, housing starts and auto sales, consumer confidence continues to stall.
Eisenberg explored various data points illustrating the current state of manufacturing, rig counts, and construction backlogs and outlined trends in intellectual property, equipment and structures.
Indicating that business investment today is “not your father’s CAPEX,” Eisenberg noted a steady trend of medical and technology-related investment coupled with a gradual decline in structures, industrial equipment and transportation investment.
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