The premium that makes the U.S. economy the most dynamic and consistent one is the innovation and entrepreneurship that are fostered here, and most of that is within the services arena.
-Sarah Quinlan
The views and opinions expressed herein are solely those of the individual authors and do not necessarily represent those of The Consello Group. Consello is not responsible for and has not verified for accuracy any of the information contained herein. Any discussion of general market activity, industry or sector trends, or other broad-based economic, market, political or regulatory conditions should not be construed as research or advice and should not be relied upon. In addition, nothing in these materials constitutes a guarantee, projection or prediction of future events or results.
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Sarah Quinlan’s Executive Perspective
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Myth and Reality: What’s Actually Going on with the U.S. Economy?
The chatter around the state of the U.S. economy has been endless, with daily headlines warning of the inevitability of a recession. But upon closer examination, the economic data tells a much different story. Chief among these data points is the extremely strong job market. Companies are still hiring at a breakneck pace and unemployment is still the lowest it’s been in more than 50 years.1 So, what’s really going on? How should business leaders be thinking about the current state of the economy and, even more important, accurately anticipate what’s to come? What can companies do to be proactive, instead of reactive, when it comes to their business strategies? And where do we think things are really headed over the next year?
