Sept. 8, 2020 – Portland Cement Association Chief Economist and Senior Vice President Ed Sullivan postulated two likely economic scenarios for the future as he gazed into his crystal ball. In the newly released briefing, “Coronavirus Impacts on the US Cement Industry,” Sullivan suggests the possibility of a W-shaped model that includes a slide back into recession due to a significant rise in infections. But there is also a “Vaccine Scenario,” in which a vaccine or therapeutic drugs reach mass distribution by mid-2021, reducing uncertainty and resulting “in dramatically improved consumer confidence [and] significantly stronger economic growth during the second half of 2021.” Let’s all hope for the latter.
Sullivan Speaks
