Is This Really a Thing?

Is This Really a Thing?


Will the Economy Fully Recover in 2021?

February 03, 2021

After one of the deepest recessions in history, the U.S. economy still has roughly 10 million fewer jobs than before the COVID-19 pandemic began. While some say the economy is improving faster than expected and has seen significant growth in recent months, it could be some time before the U.S. returns to pre-pandemic highs. What will drive the economy back into recovery? And can it happen before 2022? Sean Snaith, Director of UCF's Institute for Economic Forecasting, explains his timeline and predictions for complete economic recovery.

Featured Guests
Sean Snaith - Director, UCF Institute for Economic Forecasting

Episode Highlights
0:45 - Sean Snaith introduction
1:31 - Just how bad did it get in 2020?
4:54 - How Sean Snaith describes the economy today
7:01 - The U.S. government's response
9:46 - Will new stimulus packages be effective?
11:41 - How did Florida fare compared to the U.S. economy?
16:06 - The future of the U.S. and Florida economies
18:18 - Economic recommendations for the Biden Administration
22:48 - New taxes?
25:21 - Are the "Roaring '20s" going to be a thing?
26:54 - Paul Jarley's final thoughts