This economic impact report completed by the Southern California Association of Governments (SCAG) assessed how the COVID-19 pandemic has affected their region in terms of economic activity, unemployment rates, sector-based impacts, and key taxable sales data across each region and industry. While the ongoing global health crisis has disrupted normal business operations, SCAG’s researchers were able to utilize the REMI model to determine how well their region has adjusted to life in quarantine and display the overall resilience of its communities and businesses. Analysts used the direct shocks to output that certain industries have been subjected to on account of the pandemic as inputs into their REMI model, which enabled them to examine some of the ensuing implications on the regional economy. This economic impact analysis evaluated how Southern California has fared so far amid COVID-19’s emergence, how this impacts the future of the region, and the corresponding impacts for each county within the SCAG region.
Southern California Association of Governments – Regional Briefing Book [full PDF]