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10 <br /> Barings / UNC <br /> Economic Forecast <br /> December loth 2020 <br /> Ir <br /> UNC CHARIjOrrE BARINGS <br /> BELK COLLEGE of BUSINESS -- - - <br /> YEARS <br /> The data used in this report comes from the websites for the U.S. Department of Commerce's Bureau of Economic Analysis (www.bea.gov) <br /> and the North Carolina Employment Security Commission (www.ncesc.com) as of November 24, 2020. The opinions expressed in this <br /> Forecast by Professor Connaughton (the Barings Professor of Financial Economics at the Belk College of Business) and UNC Charlotte do <br /> not necessarily represent the views of Barings. <br />