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386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Confused About the Economic Recovery? Here’s Why.

Confused About the Economic Recovery? Here’s Why. | Simplifying The Market

As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds. This causes confusion about what an economic recovery will look like. With this in mind, it’s important to understand how economists are using three types of sciences to formulate their forecasts and to work toward clearer answers.

  1. Business Science – How has the economy rebounded from similar slowdowns in the past?
  2. Health Science – When will COVID-19 be under control? Will there be another flareup of the virus this fall?
  3. People Science – After businesses are fully operational, how long will it take American consumers to return to normal consumption patterns? (Ex: going to the movies, attending a sporting event, or flying).

Sam Khater, Chief Economist at Freddie Mac, says:

“Although the uncertainty of the crisis means forecasts of economic activity are more unclear than usual, we expect that most of the economic damage from the virus will be contained to the first half of the year. Going forward, we should see a recovery starting in the second half of 2020.”

This past week, the Bureau of Economic Analysis released the advanced estimate for Gross Domestic Product (GDP) for the first quarter of 2020. That estimate came in at -4.8%. It was a clear indicator showing how the U.S. economy slowed as businesses shut down and consumers retreated to their homes in fear of the health crisis and of contracting COVID-19.Confused About the Economic Recovery? Here’s Why. | Simplifying The MarketExperts agree that the second quarter of 2020 will be an even greater slowdown, a sign more businesses are feeling the effects of this health crisis. The same experts, however, project businesses will rebound, and a recovery will start to happen in the second half of this year.

Bottom Line

As time goes on, we’ll have more clarity around what the true economic recovery will look like, and we’ll have more information on the sciences that will affect it. As the nation’s economy comes back to life and businesses embrace new waves of innovation to serve their customers, the American spirit of grit, growth, and prosperity will be alive and well.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
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$799,000
3
BEDS
2
TOTAL BATHS
1,841
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580 Rio Vista Avenue Daytona Beach, FL 32114
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Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
105 Hagge Drive Daytona Beach FL 32124
New Listing - 31 minutes on site
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$460,000
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2,104
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105 Hagge Drive Daytona Beach, FL 32124
Single Family Residence For Sale
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Welcome to 105 Hagge Drive, a beautiful home located in the prestigious LPGA International Golf Community of Daytona Beach. This 3-bedroom, 2-bathroom residence includes a flexible office space, a spacious 3-car garage, and an expansive backyard retr

Listing courtesy of Sherie Zebrowski of Keller Williams Realty Florida Partners
425 Lime Avenue Daytona Beach FL 32124
New Listing - 41 minutes on site
1 / 97
$439,900
2
BEDS
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TOTAL BATHS
1,464
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425 Lime Avenue Daytona Beach, FL 32124
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Gorgeous Dreamsicle cottage in dynamic & lively Latitude Margaritaville. So Many Upgrades. Light & bright & porcelain wood look tile floors, plantation shutters & crown molding throughout. IMPACT WINDOWS & DOORS. Open kitchen with S/S KitchenAid appl

Listing courtesy of Kelley Sarantis of Bob Hodges and Sons Realty
5 King Phillips Way Ormond Beach FL 32174
Open House Sat, Jul 12, 1 PM
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$699,900
3
BEDS
3
TOTAL BATHS
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5 King Phillips Way Ormond Beach, FL 32174
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Welcome to this entertainer's dream home, a custom-built masterpiece nestled in the prestigious Ormond Lakes community of Ormond Beach, Florida. This expansive 3-bedroom, 2.5-bathroom residence offers an open-concept design, perfect for hosting gathe

Listing courtesy of Kevin Kaiser of Realty Pros Assured

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Related posts:

  1. Uncertainty Abounds in the Search for Economic Recovery Timetable
  2. Will This Economic Crisis Have a V, U, or L-Shaped Recovery?
  3. How Long Can This Economic Recovery Last?
  4. Economic Slowdown: What the Experts Are Saying

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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