MONTANA BUSINESS QUARTERLY

Volume 58, Number 4, Winter  2020

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The Year In Review - 2021 Montana Economic Report

An analysis and assessment of Montana?s economic performance.

by

Patrick M. Barkey, Brandon Bridge, Terry Johnson

Includes sections on: Statewide Economic Performance - Is Montana's Economic Hole Shallower Than the Rest? The Performance of the BBER Forecast - Economic Shocks Challenge Forecast Montana?s Regions and Cities - Seeing Beyond the Pandemic's Grip State Revenue Report - Montana's Employment Losses Slow Growth Major Economic Events of 2019 - A Year We Won't Forget

An analysis and assessment of Montana?s economic performance.

by

Patrick M. Barkey, Edward Glaeser, Robert Sonora

How COVID-19 Has Reshaped the Economy - What Changes Are Here to Stay? A Life-Or-Death Moment for Cities - New York and Other Metropolises Must Protect Themselves From pandemics or Our Future Will Be Far Less Urban The State of Manufacturing in Montana - Manufacturing Growth Stalls Due to COVID-19

An analysis and assessment of Montana?s economic performance.

by

George Haynes, Kate Fuller, Steven Hayes, Todd A. Morgan, Paul E. Polzin, Robert Sonora, Christina Quick Henderson, Brandon Bridge

Farming and Ranching - A Year of Volatile Commodity Prices and Near-Record Stimulus Payments Forest Products - Montana Wood Products in the Time of COVID-19 Energy - The COVID-19 Recession Impacts Prices Manufacturing - Continued Growth Is Interrupted by the Pandemic Travel, Tourism and Recreation - Crowds Flock To Montana During COVID Summer Transportation and Logistics - 2020 Was a Year of Disruption Health Care - COVID-19 Alters Health Care Landscape Technology and Innovation - Remote Work, Zoom Towns and a Spotlight on Biotech Real Estate and Construction - The Seller's Market Continues

The U.S. and Global Economies

by

Patrick M. Barkey

Overcoming the Pandemic: With the welcome news of real progress on the deployment of an effective COVID-19 vaccine and the conclusion of a bitter political election comes a tentative new optimism for the economy in 2021. IHS Market, a global forecasting company, now projects a return to the U.S. economy's pre-pandemic growth path by the end of 2021, a significant revision from the more pessimistic assessments being made last summer.