Source: WRAL TECHWIRE, 7/1/20

 Anyone expecting a rapid recovery for North Carolina from the COVID-19 pandemic and its devastating impact on jobs and business is in for a disappointment. Not until 2023 will the state recover fully, says N.C. State economist Dr. Mike Walden. “The remainder of 2020 will be challenging for the North Carolina economy,” he writes in a new economic forecast. “After a huge reduction in the state’s aggregate economic production in the second quarter of the year, a rapid snapback is forecasted for the third quarter, followed by strong – but slower – growth in the fourth quarter.

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