We'll be stuck in this recession for years, economists say
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We'll be stuck in this recession for years, economists say
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Re: We'll be stuck in this recession for years, economists say
#2.
Re: We'll be stuck in this recession for years, economists say
#3.
But employers aren't in business to supply jobs, though, right? If the revenue and profits aren't there they can't print up their own money.
EDIT: parent comment now empty initially said that companies should hire more people to help keep the economy going.
Re: We'll be stuck in this recession for years, economists say
#4If only there was a term for a prolonged economic retraction, like a recession, but longer and worse.
Re: We'll be stuck in this recession for years, economists say
#5Skip to the actual survey of economists:
https://files.constantcontact.com/668faa28001/65165cb5-5c8f-...
Summary “Nearly two-thirds of the National Association for Business Economics members who participated in the August 2020 NABE Economic Policy Survey believe the U.S. economy continues to be in a recession that began last February,” said NABE President Constance Hunter, CBE, chief economist, KPMG. “Almost half the respondents expects inflation-adjusted gross domestic product to remain below its fourth-quarter 2019 level until the second half of 2022 or later. And 80% of panelists indicate there is at least a one-in-four chance of a ‘double-dip’ recession. “The panel is split in its view on Congress’s fiscal response to the recession, with 40% calling the response insufficient, 37% indicating the response is adequate, and 11% saying it is excessive,” Hunter continued. “Nearly three out of four panelists believe the optimal size for the next fiscal package to be $1 trillion or greater, compared to 17% who favor a smaller package.” “More than three-quarters of panelists believe that the current stance of U.S. monetary policy is appropriate, the largest share holding this view since 2007,” added Survey Chair Gregory Daco, chief U.S. economist, Oxford Economics. “The majority of panelists—58%—expects the federal funds rate range to remain unchanged at 0-0.25%, or even drop lower, by the end of 2021. Most participants—84%—expect that the funds rate target will be higher by year-end 2022, but still within 100 basis points of where it is currently.
Re: We'll be stuck in this recession for years, economists say
#6.
But employers aren't in business to supply jobs, though, right? If the revenue and profits aren't there they can't print up their own money. EDIT: parent comment now empty initially said that companies should hire more people to help keep the economy going.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
Re: We'll be stuck in this recession for years, economists say
#7.
Right. That's perfect. Now with shrinking profits and a recession they will pay them with...?
Re: We'll be stuck in this recession for years, economists say
#8Re: We'll be stuck in this recession for years, economists say
#9If only there was a term for a prolonged economic retraction, like a recession, but longer and worse.
A really long and protracted economic contraction is just depressing to think about.
Re: We'll be stuck in this recession for years, economists say
#10Earlier quoted context omitted.
But employers aren't in business to supply jobs, though, right? If the revenue and profits aren't there they can't print up their own money. EDIT: parent comment now empty initially said that companies should hire more people to help keep the economy going.
This is essentially the reason behind Keynesian stimulus, isn't it? Something's gotta bootstrap the recovery.
It’s much easier to give a company back money they already earned in the form of a tax cut than it is to expect a business to create new revenue out of thin air.