Category: Pandemic Recovery

A New Normal

William & Mary Professor Discusses the Effects of COVID-19 on the Economy and Consumer Confidence When it comes to the long-term financial effects of COVID-19, economist Peter Atwater believes that confidence will be key. People act how they feel, he says, and even though we may be in a pandemic panic, historic precedents prove it isn’t likely to prevail. Atwater, a professor in the economics department at William & Mary, teaches confidence-driven decision-making and has been providing perspective on financial markets and the economy through his company, Financial Insyghts, for more than a decade. He has offered expert advice...

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Rebuilding the Local Tourism Industry

The focus now is on the future— and recovering what was lost If you wanted to get a snapshot of how much the coronavirus impacted tourism in our community, you just had to drive through downtown Lynchburg this spring. Many popular restaurants were closed. No crowds were waiting to see performances at the Academy. Hotels were open, but most of the rooms were empty. It was such a disappointing sight following a strong tourism boom in the Hill City over the past decade. During the COVID-19 pandemic, the tourism industry was among the hardest hit sectors of the economy—both...

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