Economic Outlook: Threats and Opportunities in a Time of Uncertainty
The novel coronavirus outbreak is undoubtedly a human tragedy, affecting hundreds of thousands of people and disrupting daily life around the world as we know it.
The spread of the virus has led to already unprecedented economic disruption. The U.S. had experienced the longest bull run in market history. Unemployment was at an all-time low with an economy that continued to add jobs, and – despite occasional headwinds – businesses remained resilient. This all came to a grinding halt, and the future remains uncertain.
The breadth and depth of the novel coronavirus will have far reaching impacts. Many remain uncertain as to how long this will last, how certain economic sectors will recover and whether or not government intervention will be enough to mitigate the immediate shock of COVID-19. As individuals wrestle with new norms and try to measure the immediate impact, the IPA and various thought leaders throughout the IPA community will host a series of economic updates to shed light on these evolving issues.
This call is first of a series of thought-provoking conversations on the current state of U.S. and global economics in light of the novel coronavirus. Take a deep dive into threats and opportunities for the alternative investments industry and the broader marketplace in a time of extraordinary uncertainty.
Lara Rhame, Chief U.S. Economist, Managing Director, Investment Research, FS Investments
Robert Hoffman, CFA, Managing Director, Investment Research, FS Investments
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