Welcome to the Economic Outlook Series
As we’re facing many new and escalating challenges on the global economic front, particularly from COVID-19 (coronavirus), it is essential first to recognize the impact that this health crisis is having on lives around the world.
Mr. Andrew Duguay, Prevedere Chief Economist, and Ms. Nicole Collida, Nielsen SVP & North American Consumer Intelligence Lead, weigh in on the latest economic update and impact on U.S. consumers. High unemployment, continued state restrictions, and delayed stimulus payments have precipitated the sharpest consumer confidence plunge in over 15 years.
In this latest consumer-focused report, Mr. Duguay and Ms. Collida delve into Q2 economic data, and research findings, shining a light on the pandemic led recession’s complex nature. As lowered stimulus payments impact U.S. households, 38% have shifted their behaviors as money becomes tighter, and job concerns are top of mind.
The updated report leverages Prevedere’s leading indicator economic modeling combined with Nielsen survey and category data to deep-dive into the collective consumer mindset.
Download to understand how consumers are reacting to current economic challenges across industry segments through 2H-2020, as each leader discusses the latest economic-financial data and Nielsen’s research.
Andrew Duguay – Chief Economist Prevedere, Inc.
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.
About Prevedere, Inc.
Prevedere is a predictive analytics software company that delivers insights into future business outcomes based on current economic trends. Our predictive economic intelligence helps executives see what lies ahead for their business and solve for upcoming risks and opportunities. Our SaaS solutions apply the power of machine learning and predictive modeling to more than 2.5 million indicators of global economic and consumer activity. Prevedere customers include Fortune 500 industry leaders in retail, manufacturing, and consumer packaged goods. To learn more, visit www.prevedere.comand follow @Prevedere on Twitter.