data: U.S. Census Bureau, table: Sage Policy Group
Improving COVID-19 statistics are generally good for the economy. As the second quarter of 2021 rolled out, ConstructionExecutive.com produced an economic-update webinar in which Anirban Basu, economist with the Sage Policy Group, celebrated the U.S. economy’s demonstration of dramatic recuperative power.
He also warned that the gradual transition to a post-pandemic economy is misaligning supply and demand at multiple levels of construction in a way that will likely push full recovery of large segments of the industry out to 2022.
“For an economy to flourish both the demand and supply sides of the economy must participate. With the federal stimulus coming, demand gets a boost. But supply will be constrained by ongoing lock-down measures not just in America, but in Canada, in South Africa, in Ireland and England, Italy, Spain and Portugal,” says Basu. “So the result in the near term is that the U.S. savings rat
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PERRYVILLE â Adding 250 more rooms to the Great Wolf Lodge resort planned for Chesapeake Overlook Parkway means more jobs for construction, more jobs to operate the entertainment venue, and more overall revenue for the town, the county and the state according to Anirban Basu, chairman and CEO of the Sage Policy Group, Inc.
In a presentation to the Perryville mayor and commissioners Tuesday night, Basu compared the extensions of the project to what Sage had studied in a 2019 Economic Impact Study.
âWe were asked to update our findings based on this meaningful increase,â Basu said in introducing the revision.
What had been an $18 million fiscal impact for Perryville has now grown to $25 million, according to the Sage Policy Group report.
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