When Jordan van Rijn looks back at 2020, what stands out most is how quickly the economy is recovering following dramatic declines in gross domestic product and skyrocketing unemployment due to the pandemic.
While the economy isn’t in the clear, van Rijn, CUNA’s senior economist, is heartened by the resilience of the U.S. economy—and credit unions.
He’s hopeful for a recovery this year as COVID-19 vaccines become more widely available and administered.
In this episode of the CUNA News Podcast, recorded in late December, van Rijn offers projections for economic growth and unemployment in 2021, the outlook for credit union balance sheets, possible roadblocks, reasons for hope, and more.
In this episode:
1:10: Surprises from 2020
2:40: COVID-19 relief measure
4:28: Projections for economic growth, unemployment, and credit union growth
11:30: Top concerns and reasons for hope
13:22: Prospects for a double-dip recession
15:35: Lessons from 2020
17:30: Jordan’s New Year’s resolutions