--- title: Will Consumers be in a Better Place by the End of 2020? description: The pandemic unleashed a staggering one-two punch on the economy – double-digit unemployment and drastically reduced revenues for many businesses. image: https://blog.wtcmiami.org/hubfs/global%20trade%20mag.jpg --- [![World Trade Center Miami facilitates two-trade in Miami and the Americas.](https://blog.wtcmiami.org/hubfs/WTCM%20-%20black%20logo-2.svg "World Trade Center Miami facilitates two-trade in Miami and the Americas.")](https://www.wtcmiami.org) # International Trade | Newsletter | WTCM ## [Will Consumers be in a Better Place by the End of 2020?](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020) ** Jul 15, 2020 12:13:43 PM / by [Global Trade Magazine](https://blog.wtcmiami.org/blog/author/global-trade-magazine) - [Tweet](https://twitter.com/share) The pandemic unleashed a staggering one-two punch on the economy – double-digit unemployment and drastically reduced revenues for many [businesses](https://www.globaltrademag.com/covid-19-poised-to-cause-severe-disruption-to-indian-business-conditions/). As states reopen with varying restrictions, what the future holds in the next six to 12 months is anybody’s guess. But while the economic downturn will continue to impact consumers and businesses indefinitely, it could have been even worse, says Ron Oertell, Chief Financial Officer at LendingUSA, LLC. “Given the high unemployment rate, there was a very strong concern out there as to what short-term effect the pandemic would have on the consumer,” Oertell says. “The surprise has been that consumers have been relatively stable in paying their bills. That has been driven in part by public policy decisions such as the stimulus payment plans and the government stepping up in a strong way. **[Read more.](https://www.globaltrademag.com/will-consumers-be-in-a-better-place-by-the-end-of-2020/)** Tags: [Industry News](https://blog.wtcmiami.org/blog/topic/industry-news), [July Newsletter](https://blog.wtcmiami.org/blog/topic/july-newsletter) #### Written by [Global Trade Magazine](https://blog.wtcmiami.org/blog/author/global-trade-magazine) ### Subscribe to Email Updates - [Recent](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020#tab-1) - [Popular](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020#tab-2) - [Categories](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020#tab-3) ### Lists by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) ### Posts by Topic - [Industry News (34)](https://blog.wtcmiami.org/blog/tag/industry-news) - [April 2020 (18)](https://blog.wtcmiami.org/blog/tag/april-2020) - [July Newsletter (11)](https://blog.wtcmiami.org/blog/tag/july-newsletter) - [May 2020 Newsletter (10)](https://blog.wtcmiami.org/blog/tag/may-2020-newsletter) - [Trade Spotlight (10)](https://blog.wtcmiami.org/blog/tag/trade-spotlight) - [June 2020 (8)](https://blog.wtcmiami.org/blog/tag/june-2020) - [Opinion (4)](https://blog.wtcmiami.org/blog/tag/opinion) - [President's Message (4)](https://blog.wtcmiami.org/blog/tag/presidents-message) - [Chairman's Message (2)](https://blog.wtcmiami.org/blog/tag/chairmans-message) - [Media Feature (1)](https://blog.wtcmiami.org/blog/tag/media-feature) [See all](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020#) ### Recent Posts # About Us Miami's Platform for International Business. Our mission is to  promote and enhance trade and commerce by creating and expanding international business opportunities. [Learn More](http://www.worldtrade.org) # Contact Us ** 305-871-7910 ** [info@wtcmiami.org](mailto:info@wtcmiami.org) ** 5835 Waterford District Drive, Suite 100 Miami, FL 33126 Copyright 2020  [**](https://blog.wtcmiami.org/blog/will-consumers-be-in-a-better-place-by-the-end-of-2020#)