Where We Are Sure of Economic Uncertainty

Economic uncertainty is unusually elevated.When economists refer to uncertainty, they mean just what we would expect. They are thinking of an inability to forecast the likelihood of an event. Uncertainty matters because it can influence consumer spending, business investment, and economic growth.So let’s take a look. Economic Policy Uncertainty (EPU). The pandemic created a slew of uncertainties. They include its duration, lethality, and infection rates. ….[READ]