Thursday, November 16, 2023
1:00 - 2:00 pm ET
Piercing Through the Noise, Understanding the State of the Economy
There is an extraordinary amount of noise concerning the status of the economy today and what the future will look like. ITR Economics will present a dispassionate look at the trends that define the economy and inform us about the future through 2025, and how it will impact you and your business.
We will look at key industries to determine what phase of the business cycle they are in and what the future looks like for each. Some industries are faring better than others; you must know which industries/markets they are in to mitigate the impact of business cycle decline.
An assessment of labor costs and labor availability through 2025 will be presented, as these will have a prolonged impact on how we do business and what capital expenditures can help ameliorate the pressures.
Inflation is currently waning. The rate of inflation will recede as the economy weakens, but it will not be gone. Global economic expansion later this decade will again push up prices of raw materials and then finished goods. Higher labor costs will once again contribute in a significant way to the upward pricing pressure.
The presentation on inflation will flow into highlights on interest rates through at least the near term. Management objectives consistent with our forecasts for inflation and interest rates will provide actionable takeaways for attendees.
Attendees will leave with confidence from an accurate, proven, analytical approach to the economy. Patrick will leave attendees with clear direction regarding what will be and what must be done to maximize revenue and profit growth.
Speaker: Patrick Luce
Patrick Luce is a vital member of ITR Economics’ team of expert economists. He lends his expertise to client reports, forecast reviews, research, and frequent communications with clients.
Patrick double-majored in finance and economics at the University of Tampa and went on to earn a master’s degree in economics from the University of South Florida. His accomplishments include serving as a panel member and moderator for Institute of Strategic Policy Solutions events, serving as a contributor to the American Water Works Association Manual M1, presenting at AWWA Utility Management Conferences, and publishing insights in the
Florida Water Resources Journal.
Before joining the ITR Economics team, Patrick worked as a management consultant, specializing in financial and economic modeling for local government agencies. Additionally, Patrick is an adjunct professor at his undergraduate alma mater, where he teaches courses in macroeconomics.
Cost: VHMA Member Free/$39 to NonMembers