The coronavirus pandemic has ended the 42 quarter national economic expansion that began in 2009. Advanced estimates of GDP growth for 2020 show the economy contracting by 4.8% in the first quarter and that contraction likely to continue – and be much worse – during the second quarter.
The latest edition of Western New York Economic News explores how long this economic downturn will last, and how quickly the economy can be re-opened.
The quarterly publication provides analysis and forecasts of economic trends in the Buffalo-Niagara Falls Metropolitan Statistical Area and contrasts these trends with those in New York State and the nation. The newsletter is prepared by George Palumbo, PhD , Mark Zaporowski, PhD and Julie Anna Golebiewski, PhD, of the economics and finance faculty at Canisius.
Click here to read the latest volume of WNY Economic News.
Submitted by: College Communications