Dedicated to all those currently furloughed.
Economic Outlook.
I’ve just heard from the Oracle – and it’s good news.
Roger Martin-Fagg, a leading behavioural economist and Property Academy speaker has just shared his latest forecast for the economy. We will publish it in full shortly but I just wanted to share this chart straight away.
Roger has called the right result for the last three general elections and US presidential election – often months ahead. In 20 years his forecasts on the economy are mostly broadly right, (which as he puts it is better than precisely wrong!).
I value his opinion – in simple terms it’s this:
- The economy is taking a massive hit but is being supported as never before by the government.
- When the lockdown is over people will spend at a ferocious rate.
- The third quarter will still be tough but by Q4 activity (spending) will be through the roof.
- The prospect for 2021 is very favourable although shortage of labour could curtail growth.
Manage the here and now and plan for the future.
For more information, insight, ideas and inspiration (four-i) from business development coach Peter Knight, browse and share our ‘Thought for the day’ archive.
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