MHI Solutions

Economic Market Update

Challenges for the Economy and Material Handling in 2017, With Picture Brightening in 2018

Slow global growth, Brexit fallout, oil and gas credit risks and U.S. election fallout continue to present risks for the year ahead.

The International Monetary Fund (IMF) reported global growth at 3.1 percent for 2015, with expected growth of 3.1 percent for 2016. On the upside, in October 2016, the IMF presented its forecast for 2017 global growth at 3.4 percent. However, IMF forecasts are usually too high, and I believe IMF growth expectations for 2017 are likely to be revised lower.

Since slow growth remains a risk, we expect most foreign central banks will remain accommodative in 2017. The Fed, however, is in a tough position, since the Federal Open Market Committee (FOMC) has been talking about raising the Fed funds rate for some time.

By Jason Schenker, CFP®, ERP®, CVA®, Prestige Economics, LLC

Click here to read the full article.


There is no silver bullet to building a workforce that can thrive in this new digital environment. It takes leadership, collaboration, innovative talent sourcing, continuous training and improvement. This issue of MHI Solutions focuses on this important topic from the technologies driving changing skill sets to industry-academia collaboration to how to hire, retain and develop the digital supply chain workforce.

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