The Recovery Will Look Like a Nike Swoosh

Senior economist David Shulman offered his outlook for the recovery at the UCLA Anderson Forecast June 2020 Economic Outlook.

UCLA Anderson senior economist David Shulman started his presentation at the UCLA Anderson Forecast June 2020 Economic Outlook with a nursery rhyme: “It will take time for all of the kings horses and all of the kings men to put the economy back together again.” The economy, according to Shulman, has had a great fall and many parts of it are broken.

“Our view is that this is not going to be a V-shaped recovery. It is going to take time to get back to where the economy was in the fourth quarter of 2019 in terms of GDP and unemployment,” said Shulman in the virtual event. “The economy has had a very big fall, and a lot of things in the economy have been broken. Even if we got a vaccine, the recovery will not happen right away.”

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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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