Corporate Earnings to Fall 30% This Year, BofA's Subramanian Forecasts

The video discusses the challenges in forecasting economic impacts due to the pandemic, highlighting the expected 30% decline in corporate earnings for the year, consistent with recessionary trends. It anticipates a strong recovery in 2021, assuming business activities resume in the second half of the year. The video also notes the high level of analyst uncertainty, with many companies suspending guidance. The focus is on understanding scenarios based on social distancing impacts rather than specific guidance numbers, emphasizing the volatility expected in the upcoming earnings season.

What factors are suggested to influence the earnings outlook based on social distancing?

What does the speaker predict about the upcoming earnings season?