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Nov 25 2020

Podcast #22 - An Economic Pandemic Divergence

  • Nov 25, 2020
Podcast #22 - An Economic Pandemic Divergence

Although COVID-19 has significantly impacted everyone, its economic wake has been unusually bifurcated compared to past crises. Since the pandemic requires social distancing, the recession and its aftermath have been concentrated disproportionately among “social and lower-earning” industries. This odd, if not unique, divergence in the economic fortunes of low and high-earning industries perhaps explains how overall real GDP, the unemployment rate, the housing industry, manufacturing activities, and other economic segments have managed to recover quickly and powerfully.

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James Paulsen / Chief Investment Strategist

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