Jobs, income, public revenue, and other indicators are likely to recover more slowly than originally anticipated due to the resurgence of the virus in locations across the U.S., including Southern California and the Inland Empire.
Resurgent COVID-19 Cases Could
Throw Recovery Off Its Rails
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.
Years Long Business Activity Growth Trend Ends in The IE
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.