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IHS Markit Predicts American Economy Will ‘Bounce and Fade’

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Get ready for the “bounce and fade” economy until a coronavirus vaccine is available in 2021. IHS Markit economists framed their forecast that way in a new outlook for U.S. economic growth. Joel Prakken, chief U.S. economist and co-head of U.S. economics, and Chris Varvares, co-head of U.S. economics at IHS Markit, also predicted U.S….

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