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Atlanta Economic Outlook | August 2020

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The Atlanta economy moved out of the red and into the yellow in August of 2020, increasing one notch from July's index of 3.

The Colliers Index moves out of the red and into the yellow for August 2020, increasing one notch from July's index of 3. In spite of the summer spike of COVID-19 cases, and casting second quarter GDP aside, overall the Atlanta economy continues to chug along. Employment gains in the months of May and June for Atlanta, as well as expected positive figures in July, are helping most businesses return to steady operation. As coronavirus infections begin to curtail, all eyes will now be on the reopening of the local school systems and how that impacts the metro area. National, all eyes are on how the economy performs with smaller unemployment bonuses, the status of more economic stimulus, and updates on a potential vaccine by year's end.

Current Market Conditions

Well, it has been one interesting summer. As the dog days begin to die down, and school systems and colleges/universities welcome back students (some virtually), the hope for Atlanta's economy is we all can return to some sense of normalcy. But, that is still far off as COVID-19 infections remain elevated. Adaptation has been the key as of late though; and for at least some, it is working.

GDP

No surprise the second quarter GDP figure came in at a record -32.9%. The positive to this is it was anticipated to be bad and many have already written Q2 off, focusing instead of Q3 and Q4.

Stocks

The V-shaped recovery has taken hold in the stock market as both the S&P 500 and NASDAQ have recovered all losses from the shortest bear market in the history of the economy.

Atlanta Economy

The Atlanta economy continues to bounce back. The metro area is seeing a pick up of commercial real estate activity on account of big economic wins for the region.


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Atlanta Economic Outlook | August 2020

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