Author Topic: Economic study: Even a 'best-case scenario' will be severe  (Read 196 times)


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Economic study: Even a 'best-case scenario' will be severe
« on: June 01, 2020, 08:18:23 PM »
An analysis scheduled for presentation June 2 to the St. Johns County Board of County Commissioners projects the impact of the COVID-19 pandemic will be “somewhat worse” for Northeast Florida’s economy than the rest of the nation.

According to an agenda item memorandum for the commission meeting, the analysis was developed by Regional Economics Models Inc. for specific areas, based on national data compiled by the University of Michigan.

“Overall, the model suggests that the economic effects of even a ‘best case scenario’ will be severe,” it said.

“Northeast Florida will see effects about 15% more severe than the national average.”

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