Economic Forecast: Navigating a Tricky Economic Terrain in 2024

istockphoto/baona

By Phillip M. Perry

High-interest rates and slower economic growth will put increasing pressure on business profits in 2024. The good news is that economists expect the Federal Reserve to lower inflation to desired levels by the end of the year. Robust housing activity, high employment and optimistic consumers will help the nation sidestep a recession.

Read More »

Business Forecast 2023

istockphoto.com/urbancow

Gathering Clouds and Growing Turbulence

By Phillip M. Perry

The economy will slow perceptively in 2023. Less robust activity in sectors such as housing, retailing and manufacturing will put downward pressure on growth and contribute to a deceleration in profits. Companies can prepare for a tougher environment by tracking cash flow closely, investing selectively and hiring prudently.

Read More »