How the Economy of The Future Is Impacting Us Now

How the Economy of The Future Is Impacting Us Now and Creating Opportunities

November 11
11:00 am – 12:00 pm

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Undoubtedly 2021 and 2022 will be transformed financially and economically by this pandemic. The RAEDC is excited to welcome Thomas Walstrum, Senior Business Economist, from the Federal Reserve Bank of Chicago to discuss the current economic situation for the State of Illinois as well as our region. He will also talk about forecasts for the US and our local economies.

Many of our industries are reliant on international trade, international supply chains, and travel all of which have been greatly impacted in 2020. What is expected to remain different and what will eventually return to what we experienced prior to COVID-19 from a trade and tariff standpoint will be covered by Walstrum.

This event allows government, business, educational, and community leaders the chance to understand how their role impacts the recovery and future mitigation of risk for other metamorphic events.

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Thomas Walstrum is a senior business economist in the economic research department at the Federal Reserve Bank of Chicago. His responsibilities include the Seventh District’s contribution to the Beige Book, the Chicago Fed Survey of Business Conditions, the Midwest Economy Index, and briefings for the Chicago Fed president on Seventh District economic conditions. He also is a contributing author to the Bank’s Midwest Economy blog.

Walstrum holds a B.A. in economics from Wheaton College, Illinois, and a Ph.D. in economics from the University of Illinois at Chicago, with concentrations in labor and urban and regional economics.