Economic Scars Persist in New York and US Despite Positive Forecasts: Moody’s Analytics Senior Director Emphasizes Need for Continued Efforts

At NYISO’s annual Spring Economic Conference, Adam Kamins, senior director of Moody’s Analytics, presented economic forecasts for both New York state and the U.S. While the forecasts were reasonably healthy, Kamins emphasized that there are still challenges to be addressed in order for the economy to fully recover.

One of the main takeaways from Kamins’ presentation was that despite progress being made, there are still lingering effects from the economic downturn. These scars will take time to heal and it will require a continued effort to ensure that the economy can bounce back and thrive once again.

Kamins highlighted that New York’s economy continues to recover and there are still scars remaining. Despite this, stakeholders learned about the economic outlook for both New York state and the nation during the conference. The presentation emphasized that while there is progress being made, more work needs to be done in order to fully recover from the economic impact of the past year.

Stakeholders were encouraged to remain vigilant and proactive in their efforts to support and strengthen the economy as it continues to recover. Overall, while there was positive news regarding the economic forecasts presented at the conference, it was clear that there is still work to be done in order to fully recover from the economic downturn caused by last year’s pandemic.