In January, we published our 2020 Perspectives. At midyear, we find ourselves in a pandemic-induced recession with double-digit unemployment. Markets have plummeted and bounced upward but remain volatile. Read more to learn about INTRUST's midyear perspectives.
In January, the U.S. economy appeared healthy. Unemployment was low. Consumers were confident. Growth prospects remained positive for the forseeable future. However, the 12-year U.S. economic expansion came to an abrupt halt in March, as effects of COVID-19 reverberated around the globe and across our nation. Now, recession in 2020 seems all but inevitable.
In January, we published our 2019 Perspectives. As we enter the second half of the year, we believe Fed actions will play a significant role in the future direction of our aging U.S. economy. Here are our reviews and reflections on our earlier viewpoints.