MISSOULA — Whereas Montana’s general financial system reveals some resiliency heading into the later phases of the pandemic, the most recent report from the College of Montana Bureau of Enterprise and Financial Analysis (BBER) reveals there are nonetheless struggles forward for some sectors, comparable to meals service.
These conclusions come from the BBER’s 2021 report, entitled “The Path Ahead”. The Bureau’s researchers say some elements of Montana’s financial system, like building, timber, tech and actual property are exhibiting resiliency.
Others nonetheless battle. That features bars and eating places, which Bureau Director Patrick Barkey says had been “within the bullseye” when the pandemic led to shutdowns.
“I feel we will see some acquainted eating places not make it. A few of them have already failed. However demand will probably be again,” Barkey mentioned.
“And the flexibility of our financial system to reorganize, and to reboot and rebound if you’ll, stays sturdy,” Barkey continued. “And I feel the prospects, so long as we will get out of the morass we’re in now, are comparatively vivid. However proper now, not a lot.”
The report will probably be offered this yr in a digital, two-day seminar this coming Montana and Tuesday, as a substitute of the standard statewide tour. Signal-ups are nonetheless available here.
BBER 2021 Report Prolonged Interviews