Economic Update for CRE Professionals | Regions 4 & 6 - Shared screen with speaker view
Nick Nelson
Some reports (https://www.nber.org/cycles/june2020.pdf) indicate the recession actually started in February 2020, which is before the 3/11 announcement of the pandemic.Do you agree the recession started before the pandemic?If yes, how much of the economic pain existed prior to the pandemic but is covered up by the narrative around the pandemic?Put simply- are we missing an important piece of the economic puzzle?