After years of trending solidly upwards, business activity in the Inland Empire was blown off its growth run, contracting at an annualized rate of -0.2% in the first quarter. An unsurprising result of the global COVID-19 pandemic.
The IE was in growth mode when the novel coronavirus pandemic struck. While the full economic impacts are unknown, the region's hospitality and logistics sectors will take a hit in the first half of 2020 .
Inland Empire Enters COVID-19
Crisis From Position Of Strength
The Center for Economic Forecasting and Development applies business expertise, understanding of public policy, and deep academic training to analyzing the regional, state, and national economy—producing economic forecasts, public policy analysis, and economic impact studies.