Quantitative data analysis; Dashboard design; Economic Forecasting
Limestone Analytics provides economic forecasts for COVID-19 and corresponding government policies based on its STUDIO model, a predictive economic framework developed to assess the impact of economic shocks and policy changes. The STUDIO model accounts for the interconnections between industries and regions in order to consider how shocks in one area spread to have economic impacts in other sectors and regions.
Limestone’s STUDIO model is fully adaptable to provide projections for any region. Here, we provide projections for the Ontario economy as a whole, as well as for some local economies within the province. The dashboard below allows users to compare the economic impact of COVID-19 under alternative scenarios, including an optimistic scenario in which restrictions are quickly lifted, and others in which recovery takes longer.