Welcome to the Economic Outlook Series
As we’re facing many new and escalating challenges on the global economic front, particularly from the 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 outlook examines the long-awaited reopening of the country’s economic engine since having been forcibly shutdown due to the COVID-19 pandemic.
Economists are studying what the unfolding progress will look like and how federal and state-level policies that are in place for opening will impact economic performance. Of paramount importance is understanding how the reopening of the economy will bring jobs back across different sectors and geographies.
In his latest economic discussion, Mr. Andrew Duguay, Prevedere’s Chief Economist, highlights the intricate balance of employment scenarios, including unrecovered jobs, job reallocation, and more. Consumers have been the driving power of the U.S. economy and will continue to do so as the pandemic dissipates. Americans have to get back to work. But how quickly can we do it? Mr. Duguay provides employment mapping across industries as a benchmark moving through the rest of the year and into 2021.
It’s gonna be a trough and there’s going to be a period where new jobs are created and filled as businesses engineer for the new economy.
– Andrew Duguay, Prevedere’s Chief Economist
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.