Economic forecasting in the midst of a global pandemic is like shooting at a moving target: How effective will efforts to slow the spread of COVID-19 transmissions be? How long will non-essential businesses remain shuttered? What percentage of job losses are temporary? What are the short- and long-term impacts on the economy, and how will those impacts be felt on a national, state, and regional level?
It’s a challenging equation, and the variables keep changing.
Christopher Thornberg
Christopher Thornberg of Beacon Economics LLC will present his economic forecast at Monterey Bay Economic Partnership’s 6th Annual Regional Economic Summit, which will be live-streamed April 29.
Even with a panicked Wall Street, and spikes in unemployment numbers creating economic turmoil in the short-term, the true long-term impact on the economy isn’t a foregone conclusion at this point, according to Thornberg.
Also on the agenda are some of the biggest issues affecting the tri-county region: the 2020 Census, housing, the food ecosystem, and climate change.
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Cost is $49. Register at eventbrite.com.