Tech in the News: Economist Tells Gwinnett Chamber that Covid-19-related Downturn Is 'a Recession by Design'
Posted July 18, 2020
External Article: Gwinnett Daily Post
A talk by Alfie Meek (ECON 1991)(EI2) to the Gwinnett Chamber was reported in “Economist Tells Gwinnett Chamber that Covid-19-related Downturn Is 'a Recession by Design.'” Gwinnett Daily Post, July 18, 2020.
The economy will not come back quickly or easily from the impact created by the COVID-19 novel coronavirus pandemic, according to the head of the Georgia Tech Enterprise Innovation Institute's Center for Economic Development Services.
The center's director, Alfie Meek, provided a mid-year economic update to the Gwinnett Chamber of Wednesday. His speech served as somewhat of a preview of what the pandemic could do to the economy.
Meek said a realistic scenario is that the U.S. will have "effective control" of the virus and partially effective policy interventions, but he added regional resurgences of COVID-19 would occur.