BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS, CHAIRMAN OF THE FUTURIST INSTITUTE® The economic outlook for the end of 2023 is mixed. Global growth data has weakened, while data in the United States has remained resilient. Global GDP growth and manufacturing have slowed. But the U.S. labor market has been relatively resilient even though U.S. manufacturing has slowed. The U.S. economy ...
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Outlook Uncertainty: Can the U.S. Labor Market Keep the Economy Afloat?
Economic Market Analysis BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS AND CHAIRMAN OF THE FUTURIST INSTITUTE® High interest rates threaten the outlook In the wake of significant interest rate increases, the economic outlook includes high uncertainty. This is true across economies globally, but it is especially true in the United States, where the Fed has worked hard raising rates to ...
Read More »Economic Outlook Hinges on Inflation
BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS AND CHAIRMAN OF THE FUTURIST INSTITUTE® Everything hinges on inflation The Fed has a dual mandate to keep the economy at full employment and prices low and stable. While jobs were strong in 2022, inflation has been worryingly high. At the end of 2022, unemployment returned to an impressive pre-COVID low of 3.5%, while ...
Read More »Economic, Inflation and Material Handling Outlook for 2023
Economic Market Analysis BY JASON SCHENKER PRESIDENT, PRESTIGE ECONOMICS, CHAIRMAN, FUTURIST INSTITUTE® A year of shifting forces The year ahead is one of significant risk but also opportunity. While backlogs of unfilled orders have been a hindrance to revenue since mid-2020, those same backlogs could help keep manufacturing and material handling activity somewhat buffered from the persistent rise in interest ...
Read More »A Tale of Two Economies: Slowflation and the Iron Maiden
While the hallmarks of this year’s economic activity in the United States and other advanced economies have been slower year-on-year growth rates with relatively high inflation, the pressures on EM and LIDC economies are dire—and mounting with each passing month.
Read More »The Economy of What Lingers: Inflation, Debt and COVID
The outbreak of the COVID pandemic has created chaos over the past two years. But some of the after-effects continue to linger for the economy. Looking to the months ahead, addressing these lingering risks will be critical for the U.S. economy—and the outlook for material handling.
Read More »The Return to Trend: A High-Stakes Policy Balancing Act
Economic Market Analysis BY JASON SCHENKER, PRESTIGE ECONOMICS To say that 2021 was a strong year for U.S. and global economic growth would be quite an understatement. Coming out of the 2020 COVID-19 recession, growth in 2021 reflected a massive rebound as stimulative fiscal policies and accommodative monetary policies pushed the U.S. economy to post some of the strongest real ...
Read More »Planning for Full Recovery
In planning ahead for 2022, there are many reasons to be optimistic. After all, there have been trend improvements in the economy and financial markets in 2021, following the painful COVID hit in 2020.
Read More »The End Is Nigh: Approaching Economic Escape Velocity After COVID
By Jason Schenker United States and global growth prospects have improved greatly since the start of the year. The rollout of COVID vaccinations has proven to be the logical antidote to the economic woes engendered by the pandemic. Yes, there are still some sectors that lag and some regions experiencing sluggish recoveries. But the labor market, the economy and the ...
Read More »ECONOMIC MARKET ANALYSIS: Economic Improvements Against a Backdrop of Base Effects and Tax Policy Risks
By Jason Schenker Despite major challenges at the start of the year, 2021 is poised to build economic momentum in the months and quarters ahead. This is true for manufacturing and material handling, but service industries are also poised to gain ground and experience significant year-on-year growth in the months ahead as vaccinations reach scale domestically and abroad. On the ...
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