An Optimistic Outlook on the Economy
CANFIELD, Ohio – During the Youngstown/Warren Regional Chamber’s annual Economic Forecast breakfast, Ahmed El Nokali, managing director and head of capital markets for First National Bank, delivered an optimistic presentation on the outlook for the U.S. economy.
“I think most forecasters underestimate the strength of the U.S. consumer,” El Nokali says. “If we look at the consumer who represents 70% of GDP, the consumer is in a great spot. Obviously, there are headwinds with higher interest rates and inflation, but my thesis is, as long as jobs are plentiful, that the consumer will keep powering the economy forward into 2024 and beyond.”
You can read more in Dan O’Brien’s story HERE.
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