The broader economic forecast is a bit darker and is really guessing rather than an analysis. The traditional boost in our economy after an election did not happen. In fact, things got worse. That indicates uncertainty in all areas. Consumers drive the U.S. economy and they are afraid to spend, so the downturn will be more difficult to turn around this time. Those who provide materials that are consumed in the day-to-day transactional business of the general economy must see increases before the rest of the economy will spring back. Major purchases like dishwashers or refrigerators are being made on a need rather than want basis. Purchases where financing, even on credit cards, is involved are being delayed. And those things that we can’t avoid purchasing, like food, are increasing in cost for both legitimate reasons and in some cases simply because they can.
Executive Forecast
Accentuate the Positive; Eliminate the Negative