Drastic, but necessary, measures to "flatten the curve" and prevent a major spike in COVID-19 infections have involved shutting down much of the economy. The inevitable result has been the loss of millions of jobs and a sudden and unprecedented downturn.
The Perryman Group's most recent economic projections for the US and Texas incorporate the potential effects of COVID-19. The forecast calls for significant losses this year, but a fairly rapid recovery is expected once the worst virus issues have passed.
The Perryman Group's most recent economic projections for Texas' largest metropolitan areas incorporate the potential effects of COVID-19 and the downturn in the energy sector. Like the US and Texas, these population centers will see significant losses this year, but a fairly rapid recovery once the worst virus issues have passed. The economic fallout will be significant for each, with the degree of decline and speed of recovery influenced by the differing concentrations of industries across population centers. The downturn, while sharp and painful, will likely be more of a pause than a fundamental change.
Measures taken to "flatten the curve" of the coronavirus and prevent a major spike in infections have caused a strong shock to the economy. As noted in recent reports by The Perryman Group related to COVID-19's impact on the US economy and the 10 most populous states, many factors will determine the ultimate effects of the coronavirus on the economy, most of which are highly uncertain at present.
Measures taken to "flatten the curve" of the coronavirus and prevent a major spike in infections have caused a strong shock to the economy. As noted in recent reports by The Perryman Group related to COVID-19's impact on the US economy and the 10 most populous states, many factors will determine the ultimate effects of the coronavirus on the economy, most of which are highly uncertain at present.
The inevitable result of measures taken to "flatten the curve" and prevent a major spike in coronavirus infections has been a strong shock to the economy. As noted in a recent report by The Perryman Group related to COVID-19's impact on the US economy, many factors will determine the ultimate effects of the coronavirus on the economy, most of which are highly uncertain at present.
The disruptions caused by the coronavirus are wreaking havoc on individuals, families, the private sector, the public sector, the health care system, and the economy and society as a whole. In order to "flatten the curve" and prevent a major spike in infections, drastic measures have been taken. The inevitable result has been and likely will continue to be a strong shock to the economy.
President Trump has signed the US-Mexico-Canada Agreement (USMCA) into law, replacing the 25-year old North American Free Trade Agreement. A strong trade agreement with Mexico and Canada is clearly a "win" for the US economy. Mexico has also passed the USMCA, and the ratification process is currently underway in Canada.
Discrimination in employment, housing, and access to public places such as restaurants, hotels, and shops leads not only a loss of dignity and opportunity for those on the receiving end of such treatment, but also involves significant economic costs stemming from both a diminished ability to attract knowledge workers and reduced opportunities for tourism, conventions, and related activity. This infographic summarizes key findings in The Perryman Group's recent report: "The Potential Impact of a Comprehensive Nondiscrimination Act on Business Activity in Texas."
A flawed civil justice system which generates exorbitant levels of damages or numbers of awards and which is unpredictable in its outcomes may result in negative impacts through the misallocation of society's scarce economic and human resources. Tort reform can lead to substantial economic benefits, and states which have implemented reforms have seen improved judicial efficiency and measurable advancement in economic performance.