Outlook ’21 Provided an In-Depth, Well-Rounded Analysis for a Post-Pandemic World

Jun. 25, 2021

 

UNLV’s Center for Business and Economic Research hosted its semi-annual economic forecasting event.

 

On June 24, UNLV’s Center for Business and Economic Research (CBER) hosted Outlook '21, the virtual mid-year event, sharing data, insight, and an informed economic forecast of what to expect over the next several months from a local, national, and global perspective. 

Hosted virtually, Brian Labus, infectious disease epidemiologist and assistant professor at the UNLV School of Public Health, presented an update on the status of the pandemic and expectations on its future path.

Economics professor Stephen M. Miller, presented the economic outlook for the second half of 2021, touching on tourism and gaming, employment and unemployment, construction and housing. 


Stephen M. Miller, UNLV Lee Business School economics professor: 

  • If we vaccinate two-thirds of the entire population the outbreak will not be able to sustain its self because we would reach herd immunity.
  • The problem is we only have one-third of the population that is fully vaccinated.
  • Right now each infected person is on average infecting two other people. Even if we reach herd immunity it doesn’t mean everything is going to go away. 
  • During the fall we know there is going to be ongoing disease, though it will probably look very different than what we saw in 2020 because we have added vaccinations to the mix.
  • For those who are vaccinated, immunity should last through the rest of this year and into next.

 

Brian Labus, infectious disease epidemiologist and Assistant Professor at the UNLV School of Public Health:

•    If we vaccinate two-thirds of the entire population the outbreak will not be able to sustain its self because we would reach herd immunity. 

•    The problem is we only have one-third of the population that is fully vaccinated.

•    Right now each infected person is on average infecting two other people. Even if we reach herd immunity it doesn’t mean everything is going to go away. 

•    No one can predict what’s going to happen in the fall. We know there is going to be an ongoing disease, though it will probably look very different than what we saw in 2020 because we have added vaccinations to the mix. 

•    For those who are vaccinated, immunity should last through the rest of this year and into 2022.

“As we learned today our economy and our health are tied at the hip and will continue to be so for the coming months and years. CBER is ready to do more, say more, and be more when it comes to our role as a public resource for business, government, and our community. I am excited for this next chapter in CBER’s 45-year history and how we can help Nevada move forward ” said Andrew Woods, director of UNLV’s Center for Business and Economic Research.


Learn more about CBER’s mid-year Outlook ’21 at cber.unlv.edu/outlook.html. While there sign up for the center's forthcoming weekly newsletter on all topics data, business, and economics as well as future events.