Noted Florida economist Henry “Hank” Fishkind, Ph.D., brought good news – at least for the near term – to nearly 400 guests attending the Bradenton Area Economic Development Corp. 2018 Economic Forecast Breakfast presented by Hancock Bank on January 11 at Manatee Technical College.
“The outlook for the United States is very good for 2018,” Fishkind said. “The Tax Cuts and Jobs Act is beneficial in the short run, but the borrowing and the expansion in the stimulus will eventually cause interest rates to rise and a recession.”
“For Florida, this is a great period of time, and it’s particularly a good economic period for Manatee County,” he said. “There are extraordinarily high levels of population growth and employment, and significant amounts of business activity.”
Fishkind predicted that recessionary conditions are likely to emerge in 2020.
“Dr. Fishkind’s analysis provides insights that businesses in Manatee County would be wise to heed,” said Sharon Hillstrom, president and CEO of the Bradenton Area EDC. “I think he’s on point with his understanding of the positive business and job growth we are experiencing in Manatee County. However, as he forewarned, we need to prepare for local impacts from global and national pressures – both economic and political.”
With more than 30 years of experience in economic analysis and forecasting, Fishkind is widely regarded as one of Florida’s premier economists and financial advisors. He is a principal of Fishkind & Associates Inc., an economic and financial consulting firm with extensive experience in economic and fiscal impact analysis, policy studies, forecasting, and finance throughout Florida and the United States.
Click here to view or download Fishkind’s presentation.