The 2020s haven’t got off to the roaring start we all had hoped for. We’re a year into the worst pandemic in a century, and it’s brought along with it the deepest economic contraction since the Great Depression. While the rebound in economic activity following last spring’s shutdown was initially sharp, it’s been slowing in recent months. It seems the long, slow seep of COVID-19 has left almost no aspect of “normal life” untouched.
Not all is gloomy, however. The COVID-19 vaccine rollout is underway, giving us hope that we may turn the corner soon, with a more robust economic outlook in the second half of 2021. However, the recovery is still likely to remain uneven in the first half of the year as the services economy faces headwinds while distancing restrictions are in place.
The latest commentary from Cetera Investment Management highlights the areas of the economy poised to benefit most during the post-vaccine recovery, and outlines the potential setbacks that lay ahead. It may feel gloomy during these gray winter days, but there are reasons to be optimistic for the next phase of the recovery.
As always, please reach out to the office if you have any questions.
A Shot in the Arm: Getting to the Other Side with a Post-Vaccine Economic Recovery
February 22, 2021|