Sectoral GDP Is A Must-Watch Indicator For 2021
Paul Gruenwald, S&P Global Ratings’ global chief economist, believes that sectoral GDP is a must-watch data point for 2021 and beyond as the COVID-19 recovery unfolds. Q3 2020 hedge fund letters, conferences and more While his full analysis is below, his main takeaways are fourfold: 1. The unprecedented and uneven sectoral effects of the COVID-19 health shock and the likely structural changes over the coming years.2. The sectoral story also includes labor market outcomes as workers must reskill and relocate.3. Shifting credit outcomes, as changing sectoral fortunes mean shifts in profitability...