2020-07-02 14:21:41, Kristina Hooper Chief Global Market Strategist, source

Content Categorization
/Business & Industrial
/News/Business News

Word Count:
3602

Words/Sentence:
23

Reading Time:
36.02 min

Reading Quality:
Advanced

Readability:
16th or higher

Media Sentiment
Proprietary sentiment analysis on both the headline and body text of the article. Sentiment scores range from -1 (very negative sentiment) to 1 (very positive sentiment).
RCS Analysis
Relative scoring for Risk, Crisis, and Security language within the article.
Risk Score
Scoring based on the composite risk, security and crisis language within an article compared to a baseline of historic analysis across thousands of diverse articles.
PESTEL Scope
Analysis of article orientation across the PESTEL macro-environmental analysis framework. Learn more about PESTEL.
Entity Word Cloud
Key people, places, organizations and events referenced in the article, weighted by frequency and colored based on contextual sentiment.
Auto Summary
Condensing key features of the article based on salience analysis. Helpful for “gisting” the article in a time crunch.

Our base case is that the global economic recovery in its initial stages will be slow and uneven; we could think of it as having a "square root"-shaped or "swoosh"-shaped recovery.

In conclusion, we expect the nascent economic recovery to continue in the back half of 2020, although at a slow and uneven pace, with the help of additional fiscal and monetary support.

Given these and other challenges facing the US economy in the second half of the year, we believe it is critical that the government continues to provide fiscal stimulus, particularly an extension of benefits to households and businesses impacted by the pandemic, as well as state and local governments.

We know far more about this virus now than in March 2020 (the benefits of masks and social distancing, and the lower risk of outdoor gatherings), which should enable the nascent economic recovery to continue.

Our outlook for the year quickly became obsolete with the rapid spread of COVID-19 and accompanying lockdowns across the globe, which have stymied economic activity and caused an unprecedented destruction of demand.

Keywords

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