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2nd Half Economic Outlook for 2020

Joey Von Nessen
Mike Switzer/SC Public Radio
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We are heading into our fourth month of the economic upheaval caused by the pandemic.  Many parts of the economy are rebounding while many are still stuck in the downdraft.  And of course, some were hit with positive effects.  As the second half of this year gets underway, where does our flagship university’s top economist see us heading next?

Mike Switzer interviews Joey Von Nessen, chief economist at the Darla Moore School of Business at USC in Columbia, SC.  This is Part 11 in our weekly series entitled “Managerial Insights-Supporting Businesses During an Uncertain Time” as part of a partnership with the Moore School’s Executive Education department, which will be followed up with a live Zoom conference on this topic this coming Monday, July 6th at 3pm.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.