Author: Fred Carstensen
The Economic Impact of Connecticut’s Auto Dealer Network
CONNECTICUT’S VOLATILE FUTURE: SHORT-TERM UP, BUT LONG-TERM DOWN: Presentation
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. Continue Reading
From the CTMirror: Don’t put federal dollars under the mattress
CCEA Outlook: May 7, 2021: The American Rescue Plan and Connecticut’s Economic Future Stimulus or Under the Mattress?
Projecting Economic Impacts of Legalizing Marijuana in Connecticut
Connecticut citizens now have easy access to legal marijuana in neighboring states as well as an active illicit market in the state; legalization would significantly reframe cannabis consumption, delivering multiple benefits.Continue Reading
Connecticut’s Covid-19 Long-Range Forecast:
It is important to put the Connecticut Forecast in a national context because it is increasingly clear that the national recovery has slowed dramatically from the anticipated “snap back” of late spring and summer. Forecasts from leading financial firms—JP Morgan, Moody’s, Goldman Sachs—have all scaled back their growth forecasts. Infection rates are surging in many states: 31 are now in the “Red Zone” and some a reporting among the highest infection rates in the
world. Colder weather is likely to accelerate infections, both because the virus survives longer in cooler temperatures and people will be spending more time indoors and thus more exposed to infection.Continue Reading
Connecticut’s Shrinking Economy: Is there a pathway to growth?
Good news! Connecticut’s economy grew during the first six months this year—it is now about as big as it was in 2005! The state’s economy ended 2017 smaller than it was in 2004. This is not the first time Connecticut has enjoyed two quarters of growth, but since 2008 bad quarters have overwhelmed good ones. Continue Reading