Update on the Construction Market

Posted by IMEC on Feb 20, 2023 1:47:49 PM

This article is provided by ITR Economics in partnership with IMEC.

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CMMC 2.0 Rollout

Posted by IMEC on Feb 1, 2023 1:52:24 PM

This article is provided by Core Business Solutions in partnership with IMEC.

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Why 2024 Won't Be "Great Recession 2.0"

Posted by IMEC on Jan 24, 2023 10:46:30 AM

This article is provided by ITR Economics in partnership with IMEC.

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1600 Companies and the Impacts that are Improving Illinois Manufacturing

Posted by Kristy Johns on Dec 7, 2022 1:04:14 PM

As the cliché, but true saying goes: “numbers don’t lie.” We can’t help but agree as we review our 2021 client reported impacts! While it is certainly a time of celebration here at IMEC, it’s also a celebration for the 1600 manufacturers who have invested in their competitive futures.  By partnering with IMEC and reporting the impacts our work has contributed to their business, it allows us to show that we all play an important role in a much bigger story. These numbers speak volumes to the value our clients add to our manufacturing ecosystem. Not only are companies on a path to enterprise excellence, but they are also strengthening Illinois’ economic well-being, their communities, and their organization as whole. 

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Inflation, Interest Rates, and the Federal Reserve

Posted by IMEC on Sep 16, 2022 12:36:40 PM

This article is provided by ITR Economics in partnership with IMEC.

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A Macroeconomic Check-in

Posted by IMEC on Aug 26, 2022 2:40:45 PM

This article is provided by ITR Economics in partnership with IMEC.

US Real Gross Domestic Product (Real GDP) in the second quarter of 2022 came in 0.23% below the first quarter, marking two consecutive quarters of contraction and fulfilling the technical definition of a recession. While the word “recession” tends to elicit fear, we do not believe the current economic situation warrants significant concern. The decline was led by imports outpacing exports, changes in private inventory investment (not a reduction, but rather a smaller increase), lower fixed investment in residential and nonresidential structures, and a decrease in government expenditures and investments. However, core segments such as consumer spending, the labor market, and the industrial sector are on solid footing − more on this below.

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Consumer and Corporate Check Up

Posted by IMEC on Jul 22, 2022 8:26:03 AM

This article is provided by ITR Economics in partnership with IMEC.

Headlines today are full of recession fears, with mentions of falling stock prices, high inflation, and rising interest rates. To better understand whether we are actually headed toward a severe recession, let’s take a closer look at the underlying fundamentals in the economy.

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DRIVE BIG CHANGE: Transforming Leadership and Culture Through Team Coaching

Posted by Stacey Curry on Jul 8, 2022 9:46:09 PM

This article first appeared in Industry Week.

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Beyond Headlines: What to Do With the Latest Economic News

Posted by IMEC on May 19, 2022 2:13:39 PM

This article is provided by ITR Economics in partnership with IMEC.

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Is a Recession Looming? A Strong US Consumer Suggests Otherwise

Posted by IMEC on Apr 21, 2022 11:54:51 AM

This article is provided by ITR Economics in partnership with IMEC.

Consumers and businesses alike are expressing increasing concern over the possibility of a recession for the US economy in 2022 or 2023. Analysts have referenced rising interest rates, high inflation, and a brief inversion of a portion of the yield curve, among other datapoints, as evidence that may indicate upcoming contraction. We at ITR Economics are here to cut through the headlines and reassure you that the US economy will grow through at least 2024 – we do not anticipate a recession until 2026. Our forecast for US Real Gross Domestic Product (GDP) calls for a general slowing growth trend to culminate in relatively flat GDP around early 2023. The pace of growth will then pick up steam into 2024.

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