As previously anticipated, a 2020-recession is a fact. Recovery will not be V-shaped. After an initial shock due to lockdowns in the first half of 2020, a second shock of financial deleveraging will hit the United States in the second half of 2020. The stock market does not reflect the underlying economic reality.
Contents
- Economic activity
- Gross Domestic Product
- Labor market
- Inflation and prices
- Interest rates, credit, and banking
- Fiscal outlook
- International trade
Author
- Olav Dirkmaat
Olav Dirkmaat is professor in economics at the Business School of Universidad Francisco Marroquín. Before, he was VP at Nxchange and precious metals analyst at GoldRepublic. He has a PhD in Economics from the King Juan Carlos University in Madrid. He has a master in Austrian Economics from the same university, as well as a master in Marketing Strategy from the VU University in Amsterdam. He is also the translator of Human Action of Ludwig von Mises into Dutch. He has a passion for investing, and manages funds for relatives, looking for investment opportunities in markets that are extremely over- or undervalued.
