While the United States is currently bracing for the impact of perhaps its worst economic crisis since the Great Depression, COVID-19 is also likely to have a long-term impact on the American economy.
REMI will be joined by Senior Director Scott Nystrom from FTI Consulting as he presents his special guest webinar, “COVID-19 in the Long-Term: Structural Economic and Demographic Changes,” on Tuesday, June 9th from 2:00 to 3:00 p.m. (ET), with an encore presentation scheduled for Thursday, June 11th from 2:00 to 3:00 p.m. (ET).
This webinar presentation describes how the long-term impacts of COVID-19 would include changes to the labor market related to factors like more widespread teleworking and some permanence to social distancing measures. Mr. Nystrom will also explore how reduced demand for travel and transit, increased skepticism toward international trade, and shifting consumer preferences could affect the future of the American economy and its labor force.
The COVID-19 pandemic is trending toward significant long-term effects on U.S. demographics beyond its initial death rates by affecting migration and birth rates for the next generation. Mr. Nystrom’s guest webinar will use the REMI PI+ model to simulate the potential economic implications of major shifts in the country’s demographics as a result of the ongoing outbreak.