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Economist on Effects of Coronavirus: “Comes like a freight train, but expect it to go away quickly”
Published in Auto Lending, business lending, Economic trends, Lending, Mortgage Lending, Retail Lending
The traditional definition of a recession is two consecutive quarters of negative GDP growth — but the worldwide shock of the Coronavirus has forced that model to stand on its head. According to economist Elliot Eisenberg, president of Graphs and Laughs, LLC, and wildly popular presenter at CU Direct’s annual conference over the last few…
Economic and Lending Trends Webcast Recap: GDP Growth is Slowing, But No Recession In Sight
The U.S. economy posted huge growth numbers in 2018. Conditions have cooled a bit in 2019, but despite numerous predictions of a pending recession in recent weeks, there are signs pointing to continued economic growth, for at least the next 12 months. That was the prediction from Dr. Elliot Eisenberg, nationally acclaimed economist, who spoke…