E1: Economic Update - 08/11/20

EPISODE SUMMARY

In his latest economic report, Mr. Andrew Duguay, Prevedere’s Chief Economist, focuses on the government stimulus and the impact on recession and recovery trends across states and geographical regions.

Jobless claims hover just above 10% since COVID-19 peaked earlier this year, due to a surge of new cases, and states rolling back reopening plans. Mr. Duguay explores how businesses can adapt to the volatile landscape to accommodate agile business planning when downturns happen to create new opportunities.

U.S. economic viability is reliant on each State’s overall economic form. This recent crisis is experiencing a much wider gap between states than historically observed. States that had fewer COVID-19 cases and reacted modestly will allow for earlier openings and less transition. Additional boosts come from states dominated from industries that can recover faster than those that rely on tourism or the service industry. Businesses will need to focus on forecasting by geography in addition to other factors.

EPISODE NOTES

Host Nicole Flynn, is joined by Mr. Andrew Duguay, Prevedere Chief Economist. Mr. Duguay focuses on the government stimulus and the impact on recession and recovery trends across states and geographical regions.

He also explores how businesses can adapt to the volatile landscape to accommodate agile business planning and create new opportunities.

About Andrew Duguay

Mr. Duguay is a Chief Economist for Prevedere, a predictive analytics company that helps provides business leaders a real-time insight into their company’s future performance. Prior to his role at Prevedere, Andrew was a Senior Economist at ITR Economics. Andrew’s commentary and expertise have been featured in NPR, Reuters, and other publications. Andrew has an MBA and a degree in Economics. He has received a Certificate in Professional Forecasting from the Institute for Business Forecasting and Certificates in Economic Measurement, Applied Econometrics, and Time-Series Analysis and Forecasting from the National Association for Business Economics.

Lean more about Andrew Duguay

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