April 16, 2020 | Chris Durward
We think the best way to go about modeling economic growth over the next few quarters is to create a set of plausible scenarios and adjust the probability of each scenario according to incoming data on the evolution of COVID-19.
What will the economic recovery look like? And what will be the ultimate cost to the economy?
RBC Chief US Economist Tom Porcelli's excellent analysis highlights probability weighted scenarios.
See snapshot below, and click HERE for the 3 page report.
