2020-06-23 00:00:00, Inc., WisdomTree ETF Blog
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/Business & Industrial
/News/Business News
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Zentner's team just released their outlook for the second half of 2020, and we discussed what they see coming in the latter half of the year.
The Economic Revival
We talked about what will help reignite the economy, including pent-up demand finally being released.
Given that demand activity was simply not allowed to take place during much of the second quarter, due to the economic shutdown, we may see a strong revival beginning in the summer months.
Zentner sees this in the retail sales reports and motor vehicle sales.
This is helping drive market sentiment, as we extrapolate these recent trends.
What Zentner is more concerned about is what happens six months from now when unemployment is still high, and we see how many more permanent jobs were lost as a result of the economic shutdown.
Likewise, a trend towards globalization looks to be reversing and that also may reverse deflationary pressures.
You can listen to our full conversation with Ellen Zentner below.
Zentner sees pent-up demand continuing to drive a modest recovery through July, and then expects it to take eight quarters for consumer spending to get back to pre-coronavirus levels.
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