U.S. Economic Update: Latest Outlook
Delayed Stimulus Ramifications on Economic Recovery Expectations
Examination and findings on economic leading indicators
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.
Prevedere’s latest U.S. economic report highlights government stimulus, jobless claims, and economic recovery.
The stakes are high for U.S. leaders to pass a new stimulus package as jobless claims rise while supplemental unemployment benefits are expiring.
In this report, Mr. Andrew Duguay, Prevedere’s Chief Economist, discusses extending benefits for extenuating circumstances. The first increase in jobless claims since the peak earlier this year is indicative of new cases, and as a result, some states rolling back reopening plans. Mr. Duguay breaks down stimulus ramifications on micro-recessions and recoveries.
Mr. Duguay also explains agile planning in the era of what he’s deemed, The Greater Recession. COVID-19 illuminated the need to account for risks and opportunities outside a company’s four walls. External data elevates business intelligence initiatives and strengthens organization planning and continuity.
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.