Skip to content

Press Release: Economic Forecast Mid-Year Breakfast

The Virginia Peninsula Chamber will host this annual event in partnership with ODU’s Strome College of Business. Economists from ODU’s Dragas Center for Economic Analysis and Policy will deliver their midyear forecast on June 10, 2022, from 7:30 am to 9:30 am at the Holiday Inn Newport News-Hampton. Individual tickets and sponsorship packages can be purchased online HERE.

ODU Professors Dr. Vinod Agarwal and Dr. Bob McNab will present national, state, and
regional economic forecasts. In the national and Virginia presentation, Bob McNab will discuss the economic recovery and how consumers remain resilient in the face of economic shocks. He will examine what factors are driving price increases and how inflationary expectations are rising, which, combined with increasingly tight labor markets, pose a challenge to employers in the second half of 2022 and into 2023. Businesses and consumers should prepare for higher levels of economic uncertainty and the possibility of slower economic growth in an environment characterized by rising prices and interest rates.

Vinod Agarwal will deliver the Hampton Roads forecast and his presentation will include tourism and housing. The Dragas Center for Economic Analysis and Policy in the Strome College of Business at Old Dominion University undertakes a wide range of economic, demographic, transportation, and defense-oriented studies. Since 1999, the Dragas Center has produced influential State of the Region Reports for Hampton Roads.

ODU's Dragas Center for Economic Analysis and Policy has been an independent explainer and forecaster of economic data here, in the Commonwealth and nationally, for more than 20 years.


The Virginia Peninsula Chamber (VPC) serves the Cities of Newport News, Hampton and Poquoson; and James City County and York County.
VPC is a business association, with over 1000 members and associates, which "Connects Business with Opportunity" through Facilitation, Advocacy, Communication and Education.
The VPC takes a leadership and advocacy position on pro-Peninsula and pro-business public policy impacting the Virginia Peninsula business community. The VPC hosts a series of educational, and leadership programs, including the annual State of the City Series; the Peninsula Executive Leadership Forum; Military Job Fair; Pink Bag Lunches; and Business Connections, in addition to numerous business roundtables.
The VPC is located at 21 Enterprise Parkway, Suite 100 in Hampton. For more information, call 757.262.2000 or email
Connect to the Virginia Peninsula Chamber online at and via LinkedIn, Facebook, Twitter, Instagram, and Google+.


Scroll To Top