News Release

2021 Economic Report to the Governor shows sudden halt to historic economic expansion

January 12, 2021 (Salt Lake City) – The Kem C. Gardner Policy Institute today presented the 33rd Economic Report to the Governor to Utah Gov. Spencer Cox at the 2021 Economic Outlook & Public Policy Summit, hosted by the Salt Lake Chamber. The report has been the preeminent source for data and commentary on Utah’s economy for over 30 years, with the latest edition highlighting the sudden halt to the states’ decade-long economic expansion with the emergence of COVID-19.

“Despite a historically challenging year, we have reason for hope and are poised for a strong rebound,” said Gardner Institute director Natalie Gochnour. “This pink collar recession, with many women dropping out of the workforce to raise and school their children, will be an obstacle we must overcome for the Utah economy to fully recover. I also expect yet another round of economic stimulus to occur that will increase spending for infrastructure and other targeted projects. This stimu