News Center Maine highlights UMaine professor, graduate students forecasting economic fallout of COVID-19

News Center Maine reported on Andrew Crawley and six University of Maine graduate students helping state officials estimate the economic fallout from the coronavirus pandemic. Crawley, an assistant professor of regional economic development with the UMaine School of Economics, and his students have been working with the State Economist’s Office to develop forecasts for how much COVID-19 will affect Maine’s economy. They have been developing five models to evaluate the possible loss in tourism spending, travel-related spending, cruise ship spending, state revenues and overall sectoral output changes. “Part of exposing the students to this kind of research or this kind of work is the fact that with this level of uncertainty, you’ll never see this in a textbook, you never see this usually taught in theory,” Crawley said.