In January I attended the Economic Trends Seminar presented by the Biz Times. Speakers included Mike Knetter, PhD - President of UW Foundation, Gerry Frye - President The Benefit Services Group, Peter Gottsacker - President of Wixon, Larry Borgard - President & CEO Integrys Energy Group, and Jeff Yabuki - President & CEO Fiserv. Each gentleman spoke to his specific industry, where it was last year, and predictions for 2013. There was a lot of information shared - too much to put in to one article!
Following are my notes and predictions made by the presenters:
- Stock Market will be up 10%
- Real GDP will grow by 2.2%
- Unemployment will be 7.8%
- Inflation will be 2%
- Healthcare costs will increase
- Commodity costs will increase
- Food Stocks will underperform the market
- The Carbon tax is real
- In the future more alternative natural gas vehicles will be sold than alternative electric vehicles
- The economy will exit 2013 stronger than it was in 2012
Please contact me if you have questions on any of my observations. Have a successful and purposeful 2013!
