While incoming federal dollars promise to boost Connecticut’s flagging economy in the short run, the state remains disconnected from the modern data-driven, digitally-dependent economy that emerged in 2008. If it fails to address its structural deficiencies, Connecticut’s long-term outlook appears problematic due to a weak recovery and low-quality job growth.
REMI Managing Associate Chris Judson will be hosting a special guest webinar, “Connecticut’s Volatile Future: Short-Term Up, but Long-Term Down,” on Wednesday, May 12th from 2:00 to 3:00 p.m. (ET) that will feature Fred Carstensen, Director, and Peter Gunther, Senior Research Fellow, from the Connecticut Center for Economic Analysis (CCEA) in the School of Business at the University of Connecticut.
This guest webinar will explore the CCEA’s recent short-term, 10-quarter REMI forecast for the state’s economy before reviewing their long-term REMI forecast that projected out to 2030. Connecticut’s economy, which had the worst performance of any state post-2008, will be supported by the influx of federal monies over the next two years. However, this new funding will not necessarily impact the state’s long-term trajectory without substantial policy interventions.
Our guest speakers are also prepared to discuss how Connecticut might be unable to share in a strong national recovery after losing much of its nondurable manufacturing and a good portion of its finance and insurance sectors.