Predicting economic recovery

Minnesota's state economist says it's too early to make a prediction.

209 thousand deaths.

The coronavirus pandemic is taking a toll on the nation's economy.

So what's it going to take to ramp it back up?

Kimt news three's calyn thompson joins us live after speaking with minnesota's state economist.

Calyn?

What did you learn?xxx live katie?

Recovery models can show a lot about progress so let's draw this out.

Right now people are working less and spending less causing less economic activity or gdp.

Sooner or later?

If we haven't already?

We will hit bottom and then start to recover.

This will cause an upward slope where people are working more and spending more.

We are looking at a ?shaped recovery.

Right now?

Some experts are saying there's a possibility of a ?shaped recovery.

This means growth will get interupted again causing a downward slope but then go back up.

But minnesota's state economist tells me it's too early to predict what will happen.xxx it would require knowing what governments are going to do, but also how people will respond to the changing regulations but also to the changing conditions and changing behaviors of the pandemic the economist does not say one model is better than the other?

Because we realistically don't know which one will get us to the higher level of economic activity.

Live in rochester, calyn thompson, kimt news 3./// thank you calyn.

The economist also says minnesota will likely follow the ?s in economic recovery due to the diverse number of