Can the 2012 MacBook Air with 8GB RAM run Screenflow and Adobe PhotoShop Elements 10 simultaneously efficiently?

I create and publish short (about 10 minutes max) YouTube tutorials. Am wanting to migrate from Windows to OSX. First choice was an iMac but think I'm going to wait until the refresh. So... I'd like to know if the 2012 macbook air with 8GB RAM can run Screenflow and Adobe PhotoShop Elements 10 simultaneously and efficiently?

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