by Michael Tilley (mtilley@talkbusiness.net)
Modeling 2021 economic conditions may be akin to trying to hit a satellite with a BB gun. The virus is expected to rage well into the year, even with vaccines. Some dramatic changes in consumer and worker behavior could become trends. An additional federal stimulus may be stimulative. Or not. Add to all that the entry of a new U.S. president.
Good luck hitting the satellite, and don’t put your eye out with that thing.
Michael Pakko, chief economist and state economic forecaster at the Arkansas Economic Development Institute at the University of Arkansas at Little Rock, addresses the point of unusual uncertainty with any 2021 financial analysis.
