Economic Outlook Conference presentation by Brian Beaulieu of ITR Institute for Trends Research
Once again this year, attendees at the 2012 Industry and Economic Outlook Conference were treated to an economists view of the fluid power economy and the overall economy. Except this year, the Beaulieu was Brian and not Alan. He did the usual great Beaulieu presentation.
Here are some of the key takeaways that I got from Brian's presentation. We probably have about four quarters of continued economic GDP growth until a slowdown starts and leads to a mild recession in lat 2013. We do have a climate where corporations are heavy in cash, banks are lending and manufacturing is looking good in America.
As a percentage of the overall U.S. GDP, manufacturing is growing. In fact, the United States is beconing a more attractive manufacturing site all the time. In the coming years, the U.S. will be on an even manufacturing playing field with emerging countries including China.
The U.S. is still the largest economy in the world, in fact, we are at 21.7% of the world economy. The U.S. is the leading economic indicator and driver of the world economy.
