CUNA economists provide an updated forecast

<p>When consumers drive 70% of economic activity, as they do in the U.S., any significant disruption to peoples’ lives will have a corresponding impact on the economy. That is certainly the case with the <a href='https://news.cuna.org/coronavirus'>coronavirus outbreak</a>, which has created rapid, widespread, and severe economic disruption. <br/><br/>As a result, CUNA economists have revised their 2020 economic growth forecast from 1.8% to -2.25%. They also adjusted their outlook for the unemployment rate from 3.5% to 6.5%. <br/><br/>In this episode of the <a href='http://news.cuna.org/podcasts'>CUNA News Podcast</a>, three CUNA economists examine the extent of the disruption, provide an updated forecast for the economy, and discuss implications for credit unions. <br/><br/>They are Samira Salem, senior policy analyst; Jordan van Rijn, senior economist; and Mike Schenk, chief economist and deputy chief advocacy officer.</p>