Economic Outlook for 2021 Expected to Rebound

More than 150 business leaders representing 29 suburban chambers of commerce and industry, along with local government officials, participated in the 19th Annual Multi-Chamber Economic Outlook via Zoom video conferencing from Westmont Villa Hall on March 3, featuring Anna Paulson of the Federal Reserve Bank of Chicago as a first-time Keynote Speaker.

Click on the following links to access: Zoom video and Power-Point presentation.

An Executive Vice President and Director of Research with the Federal Reserve Bank of Chicago, Paulson discussed how the year-long Coronavirus (COVID-19) pandemic has impacted the American economy, and provided data and insights for our future economic climate.

Organized jointly by the Elmhurst Chamber of Commerce and Industry and the Westmont Chamber of Commerce and Tourism Bureau, the annual winter event has featured economic experts William Strauss (13 years) of the Chicago Fed and Carl Tannenbaum (five years) of Northern Trust as Keynote Speakers.

In keeping with the in-person events, Larry Forssberg, Executive Director of the Westmont Chamber, served as Master of Ceremonies, while ECCI President and CEO John Quigley introduced the Keynote Speaker.

“It is crucial to remain informed about the economy and how it may impact our businesses,” stated Forssberg. “This information provides useful guidance for decision-makers.”

“Paulson’s presentation provided our business communities a glimpse into how America’s economy will rebound from this pandemic-induced financial crisis,” stated Quigley.

Representing more than 120 communities, participating chambers included Addison, Bartlett Area, Batavia, Berwyn Development Corporation, Bloomingdale, Bolingbrook, Carol Stream, Chamber630 (Downers Grove and Woodridge), Chicago Southland, Clarendon Hills, Darien, Elgin Area, Geneva, GOA Regional, Glen Ellyn, Heritage Corridor, Hinsdale, Lisle, Lombard, Mokena, Oak Park River Forest, Orland Park Area, Plainfield Area, Romeoville Area, St. Charles, West Suburban and Western DuPage.