COVID-19: What Will Economic Recovery Look Like?

from WealthWise

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COVID-19: What Will Economic Recovery Look Like?

by | May 1, 2020 | Podcast, WealthWise

Listeners often wonder what’s on our trader’s minds as they look at the market.

Bur recently our Elite chatroom host Hitha Herzog asked a question about COVID-19, “What will the economic recovery look like?”

To help answer that question she brought in Lending Tree’s Chief Economist Tendayi Kapfidze, who shared his thoughts on COVID-19, housing, and what economic recovery will look like.

Tendayi shared;

  • Why this may be one of the best times – EVER! – to refinance a mortgage because the rates are so low
  • What “infection avoidance actions” people have taken and why they may last long after the world as we knew it starts to open up again.
  • How long it may take for the global economy to recover
  • Why Q3 in 2020 may be a positive quarter for growth—but heed Tendayi’s warnings!
  • The slowdown in housing sales with sellers pulling their homes off the market due to health concerns
  • What lenders are going to consider “creditworthy” in future
  • The permanent damage to the psyche of consumers and the economy as a whole

 

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