Hampton Roads Economic Monthly
Try as they might, economists have a tough time predicting the future. When COVID hit the US economy in March of 2020, a wave of layoffs (some temporary, some permanent) followed as business as usual ceased to exist. Across the region (and the country and globe), every major industry was impacted differently. One of the most interesting
to watch over the past two years has been the retail industry – which has experienced a rapid recovery in ways that would have been very difficult to predict in March 2020.