Part 1 - Gerry Dick from Inside INdiana business weighs in on the economic impact of COVID-19

Part 1 - Gerry Dick from Inside INdiana business weighs in on the economic impact of COVID-19

Updates as soon as we learn information.

"the covid-19 pandemic"..

Is causing a lot of uncertainty for indiana..

And it's economy.

News 10's..

"alia blackburn"..

Went to get insight on what this could mean "for the future".

//////// just like you at home..

We have a lot of questions about what the future brings for hoosiers... their jobs... and overall the economy.

So talked with inside indiana business host "gerry dick".

We asked him some of the most common questions... inspired by you at home.

One of those is the federal stimulus package.

It's a 2-trillion dollar deal... dick says it's meant to help people through the pandemic... but more specifically -- those who are now without a job.

"once you're eligible for unemployment in your respective state, indiana or illinois, you're eligible for $600 per week from this package, so that's an additional $600 on top of whatever state unemployment benefits you can receive."

Speaking of unemployment... the nation is seeing record high numbers.

What does this mean for indiana?

Dick says the best way to look at is by short... and long term.

"when these numbers begin to trickle out in the coming weeks..

Here in indiana, the historic low unemployment numbers we've enjoyed for months now, they're gonna skyrocket.

So the short term impact is very difficult.

I think longer term, there's the opportunity for a real comeback."

Once the economy is back to normal... dick says he thinks a sharp recovery is on the horizon.

"the underlying fundamentals of the economy, when this thing happened, were pretty strong so we were not in a recession period when this happened, so the hope is, the expectation for some is, it's gonna recover fairly quickly."

Coming up tonight at 6 eastern... we go local with our questions.

Find out dick's prediction to what this pandemic could mean for some of the big projects in terre haute.

In the newsroom, ab, back to you.

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