Prospering Through the Changes in 2023: Making Sense of the Economy for 2023 Planning

ASPPA [American Society of Pension Professionals & Actuaries]

Speaker: Patrick Luce, Economist, ITR Economics (https://www.itreconomics.com) 

Experience Level Of Atteendees:  All

Target Audience: :   TPA’s, Plan Sponsors, Advisors, Institutions

Keywords:  late deposits, failure to follow the plan document, operational error corrections

IRS Program Number: CZTXU-Q-01507-22-O

Description :  

2022 has been a challenging and noisy year for business. High inflation, supply chain disruptions, a volatile stock market, increased interest rates and slowing economic growth are offset by job growth, the lowest level of unemployment in 50 years, growing wages, a strong dollar and declining government spending.

As we head into 4th quarter, it’s time for businesses to plan for 2023. And what can we expect? More significant interest rate increases by the Fed to slow down inflation? Will the country go into a recession, or will there be a soft economic landing? How will the economy be impacted based on which party wins in November?

There are opportunities and risks ahead and we will explore them in terms of government initiatives, consumer trends, market opportunities, labor issues and production costs. We will also discuss how business can respond given the projected changes in the economy. As part of the discussion, we will cover:

    The current state of the economy and what business can expect in 2023.
    Review key leading indicators that predict upcoming cyclical turns in the economy and markets.
    Assess where inflation is heading.
    Analyze interest rate and market trends.
    Discuss major issues that have an impact on your profitability.
    Review the impact of potential major government programs.

So business leaders are armed with the right information they need to plan for the future.

Learning Objectives: 

    Understand the current state of the economy and how it might impact your business     
    Learn where inflation is headed and how interest rates will impact the economy
    Develop an understanding of what leading indicators to track to insulate your business from too much volatility
    Know how different economic scenarios will impact the economy in 2023 as well as your business

Sponsored by PenChecks Trust

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