Irvine, CA

Los Angeles-based Beacon Economics is stillbullish on a swift recovery once stay-at-home orders at lifted.While a recession is imminent and the second quarter will see asevere drop in GDP, Beacon Economics expects a sharp V-shapedrecovery. The firm has taken a mid-line stance since the onset ofthe crisis.

In late March, it wasn't sure the pandemic would ultimatelyresult in a recession—at least by the traditional definition of twoconsecutive quarters of economic contraction. While the firm hasadjusted its outlook slightly, the current forecast is largelyunchanged. It expects negative 30% GDP growth in the second quarterbefore a rebound of 25% followed by 4% in the third and fourthquarters.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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