Almost everything is more expensive these days: Gas prices have reached record highs. Grocery prices are through the roof. And as we approach the holiday season, all that inflation leaves little money for extras like entertainment, travel, or shopping — or does it? For the scoop on how inflation will influence the holidays, we checked in with UNLV hospitality professor, tourism researcher, and consumer behavior expert Amanda Belarmino.
Tag: Economic Forecast
‘Uncertain’ economic outlook includes negative growth in 2023; recession not ruled out
With inflation at a 40-year high and an economy that is growing at a sluggish pace, concerns about a recession are real. But it may be avoided if consumer spending continues to persist and if more workers enter the labor force, according to a forecast released today by the Indiana University Kelley School of Business.
Labor shortages expected to continue in 2022, Kelley economic forecast predicts
Economists at the Indiana University Kelley School of Business expect the U.S. and Indiana economies to remain somewhat resilient amid challenges presented by COVID-19 and supply-chain issues, but labor shortages will continue to be a major concern for many businesses in 2022.
North Carolina’s Economic Forecast: Steady growth for 2021
North Carolina’s economy – which experienced its biggest decline since the Great Depression – will bounce back in 2021, according to John Connaughton, director of the Barings/UNC Charlotte Economic Forecast.