2019 Economic Outlook Conference Recap

"Expect a boring economy"

Economist Mark Schniepp spoke about the economic forecast for 2019 at the IWV Economic Outlook Conference on Thursday, February 28, 2019. A call for the audience to raise their hands, showed that many are holding their breath in preparation for the next recession. Dr. Schniepp cautioned to prepare, but not hold one's breath quite yet, or you will surely pass out. No recession is in the forecast for 2019. At this time, the outlook is good. Economic indicators point to another year of positive growth. Businesses should start planning for the next recession and watch budgets and staffing levels. For now though, things are 'boring', which when it comes to the economy is good. As Senior Executive from NAWCWD, Harlan Kooima stated, "if this is boring, give me more of it." The tight labor market is a nationwide phenomenon making recruitment and retention difficult for all industries. Dr. Schniepp stated that individuals are in the position to demand more from their employer, and if demands aren't met, they can find it elsewhere. "If you are considering it, now is the time to make a change."

So with this positive report also came some challenges. The Indian Wells Valley Economic Development Corporation is ready to go to work. Let us know what the IWV EDC can do for your workplace. As outlined in the presentation by our Executive Director, Scott O'Neil, we aim to serve those already in the area, and those looking to expand to Ridgecrest. We can provide data for investors and can help make pertinent connections. Our existing and new videos can be used to help with recruitment. We are also asked polling questions around offering educational sessions. Information will be forthcoming!

 

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