Day: September 25, 2020

Belk College Economist John Connaughton predicts a rebound in 2021 The new year could bring a resurgence for North Carolina’s economy, which took a historic hit this spring due to the COVID-19 pandemic, according to John Connaughton, director of the Barings/UNC Charlotte Economic Forecast. “While 2021 represents the first full year of the economic comeback from the COVID-19 recession, it is likely to take until

Federal Reserve Bank of Richmond (09/22/20) Mid-Atlantic manufacturing activity improved in September, according to the Federal Reserve Bank of Richmond. The composite index climbed from 18 in August to 21 in September, buoyed by increases in the indicators for new orders and employment. The third component index—shipments—decreased but remained positive, suggesting continued expansion. Survey results also reflected improvement in local business conditions and increased capital