RIVERSIDE (CNS) - The economic downturn triggered by the government-mandated public health lockdowns stemming from coronavirus is receding, and the regional, state and national economies are poised for growth, according to a report released Tuesday, Oct. 13 by the UC Riverside School of Business' Center for Economic Forecasting.
``The United States hit its low point in the current downturn back in April,'' CEF Director Christopher Thornberg said. ``As odd as it may sound, technically, this recession is over, making it the deepest, but shortest in U.S. history.''
Unlike previous years, the 11th annual Inland Empire Economic Forecast was delivered virtually, with Thornberg and his colleagues highlighting the dynamics involved in the sharp and abrupt economic contraction, as well as what fa
