Most participants in a recent survey conducted by the United Way of Porter County believe a return to pre-pandemic life will not happen until at least February 2021 or even later.
Orders across the country for people to stay home in late March and April to slow the spread of the coronavirus led to economic disruptions and ultimately job losses.
Reduced business activity fed by the COVID-19 pandemic has led to a more than 40% drop in estimated tax revenues for the state in April.
Disruptions to business activity and an array of normal life routines from watching a movie in the theater or dining out because of the global COVID-19 pandemic has had adverse affects on a widely monitored economic index.
As many economists expected, the nation’s economy shrunk by 4.8% between January and March, according to the latest data government data.
A new report from Ball State University suggests the COVID-19 pandemic may lead to cumulative lost local government tax revenues ranging between $218 million and $315 million.
As most economists expected, the coronavirus pandemic has feed a wave of layoffs across numerous business sectors the past several weeks.
With orders in place for people to stay home and restrictions on public interaction to slow the spread of the coronavirus, a survey of chief financial officers from the South Bend-Elkhart area revealed gloomy sentiment about the economy.
The drop in weekly unemployment claims filed in the U.S. in the latest government report may be a good sign for the country, according to Ball State University Economist Michael Hicks.
Initiatives by government, private businesses and a host of organizations to slow the spread of the coronavirus is expected to create a recession as mass layoffs cause unemployment to exceed 10.5% nationally and 10% in Indiana within 45 days, according to a report from Ball State University.