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ECONOMIC OUTLOOK

There’ll be plenty of uncertainty
after the virus

Uncertainty is the enemy of growth. So with the
war’s outcome “un certain” we should see the
economy begin to right itself and sales begin to
rebound. Right? Don’t count on it.

The answer

The war with the C19 virus created its fair share
of uncertainty. But it’s difficult to quantify its
impact.

“ Clearly pre-virus jitters and the paralyzing ef-
fect” as the virus started caused some hesitation
in economic activity.

Example: It’s likely that uncertainty accounted
for some of the 77,000 restaurant,
hotel, amusement services and airline last jobs in
March.
The end of the virus might provide some rebound,
but it’s not likely to be enough to overcome
weakness that previously existed.

C19 hurting growth
Plus, more “uncertainties’ are lurking.

The epidemic has created angst in the global
economy.

Travel to Asia is down and the fear of C19
spreading to the U.S. is threatening to stymie
growth.

Also, tax cuts and spending initiatives promised
by the president had boosted hopes, but most
analyst now feel those promises will fade as
Congress tries to find the money to pay for the
virus.
For sales managers, the only real certainty is that
salespeople will have to continue digging deep for
business.

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