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Little Rock Regional Economic Briefing – 2020

Thanks to all the participants and presenters at this years Regional Economic Briefing on November 12.

Use the links below to download copies of the presentation slides.

 


Little Rock Regional Economic Briefing – 2020

The Arkansas Economic Development Institute, based at the University of Arkansas at Little Rock, and the Little Rock Branch of the Federal Reserve Bank of St. Louis will host the Little Rock Regional Economic Briefing Thursday, November 12. 

The event will take place virtually this year, from 8-10 a.m. on November 12. The event is free and open to the public, but registration is required at this online link.

Economists will speak on the economic conditions and outlook for the region and the nation. The briefing will be of particular interest to business leaders, academics, and community development practitioners.

The speakers include:

  • Kevin Kliesen, St. Louis Fed research officer and business economist, who will discuss national economic conditions
  • Carlos Silva, Arkansas Economic Development Institute regional economist, who will give the Little Rock metro report
  • Michael Pakko, Arkansas Economic Development Institute chief economist and state economic forecaster, who will talk about the Arkansas economic outlook

“The Little Rock Regional Economic Briefing will include perspectives on the national, state, and regional economies,” Pakko said. “In these very unusual times, the pandemic and efforts to curtail its spread have a profound influence on the economic outlook, and we’ll be focusing in particular on how our economy has fared thus far, and what that portends for the forecast.”

The program also includes a welcome from Robert Hopkins, senior vice president and regional executive of the Little Rock Branch, and a question-and-answer session following the presentations.

 For more information, contact Julie Kerr at julie.a.kerr@stls.frb.org or 501-324-8296.

Special Reports: Impact of Covid-19 on the Arkansas Economy

Arkansas Consumer Spending During the Pandemic
Sales tax data for Arkansas indicate robust consumer spending in the midst of the pandemic. In this article, we break down available data by county and by sector to seek greater insight into the phenomenon.
Read more…

Forecast Update (July)
“Incoming data have continued to show a more rapid recovery from the COVID-19 shutdowns than previously expected.”
Read more…

Forecast Update (June)
Information since May has suggested that Arkansas has not been as severely impacted as other parts of the country, and that the sharp declines in national employment have abated.
Read more…

Forecast Update (May)
“The economic impact of the COVID-19 pandemic continues to be more rapid and more severe than initially expected… In this updated report we present new projections for the Arkansas economy.”
Read more…

Forecast Update (April)
“In this note we update that forecast with new estimates of the magnitude of the downturn. We also update and extend our previous guidance on how the forecast is likely to impact sales tax receipts of local governments.”
Read more …

Implications for Local Government Sales Tax Collections
“In this note, we focus on consumer spending and the outlook for sales tax collections by county and municipal governments.” Read more…

Arkansas Economic Outlook (March)
“It appears that a dramatic downturn in economic activity over the remainder of 2020 is unavoidable for the nation and for Arkansas.”  Read more…

 

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