Takeaways from CREFC Digital: A Check Mark Prognosis for Economic Recovery
The CREFC Digital conference kicked off with a session on what shape the economic recovery might take, focusing on a possible check mark shape that might take one to two years. The longest expansion in U.S. economic history finally ended because of something external to the economy, the Coronavirus Disease (COVID-19) pandemic, rather than an internal economic factor, such as problems in the housing market leading to the 2008-09 recession. Consequently, the path of the recovery is uncertain and depends on the public health response and government stimulus.
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