In the midst of extraordinary economic uncertainty, we can count on one thing: a pithy and quotable phrase from Loren Scott.
It’s not a V-shaped recovery in view, the economist and former LSU professor said, but a “Nike swoosh” recovery.
The good news is that shows the economy going up. Eventually.
Scott’s annual Louisiana Economic Outlook comes out in extraordinary circumstances: the coronavirus shutdowns are a uniquely challenging situation to forecast. The report was written before Hurricane Laura, so the devastation from Cameron Parish north is another factor lending some uncertainty to the future prospects of Louisiana businesses.