Weekly Covid Update: What the “new” normal could look like…

It’s been weeks since we shuttered the office and started working from home and, like many, I’m feeling the strain of upended life.

How about you? Are you ready to venture out again?

In this email, I thought I’d give you a rundown of some of the latest economic projections as well as a sneak peek of what post-lockdown life could look like for us soon.

(Ready for a break from COVID-19? No worries. Scroll down to the P.S. for some wonderful distractions.)

On to the economy.

You may have seen a headline showing that U.S. economic growth dropped -4.8% in the first quarter after posting 2.1% growth in Q4 2019. That’s not a surprise.1

Unfortunately, worse news is ahead since widespread layoffs and shutdowns didn’t hit until late March. Here’s a projection of what the next few quarters could look like for the economy.2

You can see in this chart that the coronavirus hit the economy like a tsunami. Q2 could be the worst quarter since the Great Depression.3

The arithmetic of recovering from a 30%+ drop in economic growth means that it could take many months (maybe even years) to return to pre-pandemic GDP levels, especially if we face multiple waves of infection.

Let’s mentally prepare for that.

April 2020 is likely to be one of the worst months for the economy in history; contradictorily, it was also a blockbuster month for the market.4

Economists are predicting a rebound in Q3 2020. Are they right?

You know by now that we can’t perfectly predict what the recovery will look like; all economic estimates are based on educated guesses about spending, business investment, trade, and other factors. The biggest unknown is “personal consumption” by folks like you and me. Our spending drives 70% of economic growth.

The pace of the recovery depends on how quickly businesses reopen and consumers go out to shop, eat, travel, and spend money. If people don’t feel safe going out or don’t feel confident enough to open their wallets, growth could take longer to come back.

What do you think? Will you go back to your pre-coronavirus routine? Hit “reply” and let me know. I’m interested in hearing your perspective.

What could life look like as Florida reopens? While America is just now taking the first tentative steps toward reopening, many countries around the world are farther along, offering us a glimpse of what daily life might look like in a world where the coronavirus still remains a threat.5

Hong Kong: Restaurants are open but tables must be spaced farther apart.

South Korea: Pro sports are back but athletes play to empty stadiums. Temperature screening is in place in many buildings.

Taiwan: Schools are in session but assemblies are canceled and students wear face masks in class.

Australia: Beaches are open but sunbathing, picnicking, and large gatherings are verboten.

How long will coronavirus precautions overshadow our daily life? Realistically, some restrictions are likely to drag on until a vaccine or breakthrough treatment becomes widely available.

What do you think? What will our “new normal” look like?


O: 407.284.4911 ext. 102 – F: 407.392.1566 – C: 321.262.6732
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Securities offered through GWN Securities, Inc. 11440 N Jog Road, Palm Beach Gardens, FL 33418 561-472-2700 Member FINRA, SIPC. Voyage Retirement Solutions and GWN Securities, Inc. are not affiliated.

P.S. I promised you some distractions from the coronavirus, and here they are:

Watch jellyfish float at the Monterey Bay Aquarium (includes relaxing music!).

Dream of a Caribbean vacation with the beach cam at the Soggy Dollar Bar on Jost Van Dyke.

SCUBA dive vicariously in a kelp forest off Anacapa Island.

Watch the live cam at Tembe Elephant Park.

Take an hour-long walking tour around Paris.







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Securities offered through GWN SECURITIES, INC. Member FINRA/SIPC. 11440 N Jog Road, Palm Beach Gardens, FL 33418. (561)472-2700. Voyage Retirement Solutions, LLC and GWN Securities, Inc.are non-affiliated companies.

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