Bill Witte discusses the different positive and negative outlooks and what that wide disparity says about the current environment.
This Q&A response from the FTR Experts came from our May Economic Outlook. View the video and the key takeaways below.
- The vast differences in outlooks are a product of completely unprecedented causes, both the pandemic and the policy responses to it (shutting down large portions of the economy then reopening over time while injecting large amounts of stimulus into it.)
- There has been a lot of guesswork that relies more on gut feeling than analysis due to these unknowns, leading to vastly different outlooks with the same information.