Press Briefing: Decoding the Worst Quarter in Economic History

Tuesday May 12, 2020 • 11:00 AM
Investing/Finance

MEDIA ADVISORY

Contact:
MacKenzie Babb
Kenan Institute External Affairs Director
919.632.6641
MacKenzie_Babb@kenan-flagler.unc.edu

Chapel Hill, N.C. (May 11, 2020) — A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar on recent economic data releases which show the nation’s largest ever declines in business activity, employment and aggregate wages. Join tomorrow, Tuesday, May 12, at 11 a.m. EDT to hear from the following experts:

Kenan Institute Executive Director Professor Greg Brown will provide an overview of the latest business activity data, including his interpretation of what these numbers mean for the state of the U.S. economy as business leaders and policymakers consider safe and appropriate next steps.

UNC Kenan-Flagler Business School Professor Elena Simintzi will analyze data from the Initial Unemployment Claims and the U.S. Employment Situation reports, touching on the wide variance in effects on workers by demographics including sex, age, ethnicity and educational attainment.

UNC Kenan-Flagler Business School Professor Saravanan Kesavan will discuss the economic necessity of rapidly restarting the retail sector, while incorporating stringent safety measures that will change the way businesses care for their employees as well as their consumers.

Kenan Institute Research Director Professor Christian Lundblad will provide a GDP forecast for the second quarter and offer policy prescriptions as state and local economies look to reopen.

Each speaker will provide a brief overview from his or her respective area of expertise, citing applicable emerging research and data, before the floor is opened for questions from the press. For a link to participate, email MacKenzie Babb.

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About the Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School
The Frank Hawkins Kenan Institute of Private Enterprise develops and promotes innovative, market-based solutions to vital economic issues. With the belief that private enterprise is the cornerstone of a prosperous and free society, the institute fosters the entrepreneurial spirit to stimulate economic prosperity and improve the lives of people in North Carolina, across the country and around the world. Learn more at kenaninstitute.unc.edu.


For more information, contact:

MacKenzie Babb, External Affairs Director
MacKenzie_Babb@kenan-flagler.unc.edu