The U.S. economy’s restart should continue in 2021, but there will be permanent long-term damage.
Faced with a global pandemic, economic disruption, surging house prices and sparse market inventory, Indiana is nonetheless on pace for a record number of existing home sales in 2020. Buyer demand is expected to remain strong and the Indiana housing market should be set for another strong year in 2021.
Every country in the world experienced a quasi-simultaneous collapse of its economic activity in 2020. Swift, comprehensive and well-targeted monetary and fiscal support is improving the prospects that an economic recovery will be achieved in 2021, pending the absence of prolonged lockdowns.
Prospects for stock returns in 2021 are highly dependent on the speed of the development and distribution of a COVID-19 vaccine, and on the ability of companies to continue to adjust to the new ways of doing business.
The Business Outlook Panel tour went virtual for the first time this past November. Check out the video replays for additional discussion from our economic analysts about the business climate heading into 2021.