- The second quarter of 2020 saw the worst quarterly decline in economic terms since the Great Depression of the 1930s.
- The third quarter of 2020 is the first recovery quarter, and that recovery is extremely sharp because it is coming from such a depressed bottom.
- Many economists are concerned about the political fight playing out in the Congress around the passage (or not) of a substantial additional fiscal stimulus package.
- We enter the fourth quarter waiting for well-tested COVID vaccines and safe, proven treatments, and we hold our breath for a peaceful and uncontested election outcome.
For further details see:
CIO Overview And Outlook