{"id":640,"date":"2020-04-02T20:49:50","date_gmt":"2020-04-02T20:49:50","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=640"},"modified":"2020-04-02T20:49:50","modified_gmt":"2020-04-02T20:49:50","slug":"looking-future-experts-saying","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/looking-future-experts-saying\/","title":{"rendered":"Looking to the Future: What the Experts Are Saying"},"content":{"rendered":"
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Looking to the Future: What the Experts Are Saying<\/p><\/div>\n

As our lives, our businesses, and the world we live in change day by day, we\u2019re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we\u2019ve seen play out in the U.S. economy many times over.<\/p>\n

Here\u2019s a look at what leading experts and current research indicate about the economic impact we\u2019ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).<\/p>\n

According to\u00a0Investopedia<\/em><\/a>:<\/p>\n

\u201cGross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country\u2019s borders in a specific time period. As a broad measure of overall domestic production, it\u00a0<\/em>functions as a comprehensive scorecard of the country\u2019s economic health.\u201d<\/strong><\/p>\n

When looking at GDP (the measure of our country\u2019s economic health), a survey of three leading financial institutions shows a projected\u00a0sharp decline<\/strong>\u00a0followed by a\u00a0steep rebound\u00a0<\/strong>in the second half of this year:<\/p>\n

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Major FInancial Institutions Are Calculating for a Rapid V-Type Recovery<\/p><\/div>\n

A recent study from\u00a0John Burns Consulting<\/em><\/a>\u00a0also notes that past pandemics have also created V-Shaped Economic Recoveries like the ones noted above, and they had minimal impact on housing prices. This certainly gives hope and optimism for what is to come as the crisis passes.<\/p>\n

With this historical analysis in mind, many business owners are also optimistic for a bright economic return. A recent\u00a0PricewaterhouseCoopers<\/em>\u00a0survey shows this confidence, noting 66% of surveyed business owners feel their companies will return to normal business rhythms within a month of the pandemic passing, and 90% feel they should be back to normal operation 1 to 3 months after:<\/p>\n

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Survey of 50 Leaders from a Cross-Section of Industries<\/p><\/div>\n

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From expert financial institutions to business leaders across the country, we can clearly see that the anticipation of a quick return to normal once the current crisis subsides is not too far away. In essence, this won\u2019t last forever, and we will get back to growth-mode. We\u2019ve got this.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Lives and businesses are being impacted by the coronavirus, but experts do see a light at the end of the tunnel. As the economy slows down due to the health crisis, we can take guidance and advice from experts that this too will pass.<\/p>\n<\/div>\n<\/div>\n<\/article>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
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\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

What the Experts Are Saying Finish Reading Looking to the Future: What the Experts Are Saying<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[15,95,10,18,151,86,32,49,42,40,12,24,48,68,108,13],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/640"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=640"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/640\/revisions"}],"predecessor-version":[{"id":644,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/640\/revisions\/644"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}