New global economic outlook optimistic, but 'wild cards' could send things spiraling

Compared to what many others are predicting, a new presentation from prominent economist Christopher Thornberg delivers a more optimistic assessment of the long-term economic impacts that could result from the worldwide COVID-19 crisis. In the video presentation, released today by the UCR School of Business Center for Economic Forecasting and Development, Thornberg argues that many of the most dire predictions of economic armageddon are hyperbolic, although he acknowledges a number of serious wild card issues that could tip things downward.

from Phys.org - latest science and technology news stories https://ift.tt/3apITjr