FOR IMMEDIATE RELEASE - July 20, 2020 – Downey, CA – Financial Partners Credit Union held their 4th Annual Economic Forum last week for over 500 registered attendees. Once again, renowned economist, Dr. Christopher Thornberg, founder of Beacon Economics, keynoted the event and shared a positive outlook for the post-COVID-19 economy.
“This year’s Economic Forum was unique and unprecedented in many ways,” said Nader Moghaddam, Financial Partners Credit Union’s President and CEO. “This was the first time we have held the Forum virtually, which enabled us to deliver this timely information to business and community leaders throughout Southern California. During such uncertain times, attendees were eager to hear about the impact of the pandemic and strategies for recovery and Christopher did not disappoint! He provided optimistic and relatable insights - backed up by the data - and discussed actions for the local and national economy.”
Most notably, Dr. Thornberg downplayed the “miserablism” that has Americans fraught about the economic downturn and concerned about long-term implications. He presented data to indicate that once the pandemic subsides, the economy will rebound sharply, based on the financial health of the nation earlier in the year and drew comparisons to why history dictates that a deep recession is not in our future.
Highlights from Dr. Thornberg’s presentation can be found on FPCU’s YouTube channel.
About Financial Partners Credit Union
Member-owned and not for profit, Financial Partners Credit Union is dedicated to helping Californians build better lives. With more than $1.6 billion in assets and branches from San Francisco to San Diego, including two new branches in Mission Viejo and Seal Beach. Membership is open to everyone who lives in Southern California, as well as Alameda and South San Francisco. #DiscoverBetterBanking! Visit fpcu.org or call 844.TRY.FPCU for details.
About Beacon Economics
Founded in 2007, Beacon Economics is a leading independent research and consulting firm dedicated to delivering accurate, insightful, and objectively-based economic analysis. Leveraging unique proprietary models, vast databases, and sophisticated data processing, the firm equips its clients with the analysis needed to understand on-the-ground realities and make informed business and policy decisions. Practice areas include sustainable growth and development; housing, land use, and real estate markets; economic, fiscal, and social impact analysis; public policy analysis; regional economics; and EB-5 Visa analysis.Beacon Economics’ internationally recognized forecasters were also among the first and most accurate predictors of the U.S. mortgage market meltdown that began in 2007 – and among a relatively small handful of researchers who correctly calculated the depth and breadth of the financial and economic crisis that followed. Learn more at www.BeaconEcon.com.