ECONOMIC SUMMIT RETURNS IN-PERSON! S&P ECONOMIST SPEAKS TO "HALF FULL ECONOMY"

2023 is well underway and Ohio bankers continue to pivot their strategies to meet the changes and updates head-on that surround daily life in the financial services industry. But what is coming next in this “Half Full Economy”? More than 250 attendees heard an economic forecast firsthand from Beth Ann Bovino, award-winning economist with S&P Global, at the 2023 Economic Summit. While Bovino predicts a shallow recession, she states that the dollar remains strong. Bovino also elaborated to say that a couple more rate hikes are coming from the Federal Reserve this year, but that they will not be as drastic as in previous hikes and that inflation has already begun to curb, just at a slower pace.

The day marked the 12th year for the program and the first in-person Summit since February 2020. The program was once again emcee’d by Ray Langen, regional director, StrategyCorps, who also hosted the 2022 virtual program.

Andrew Deye, Vice President of Strategy for JobsOhio, was also on-hand to share insights into “Building a Championship Economy” and an update on development around the state. Deye noted the outlook for Ohio is incredibly favorable for the foreseeable future.

One attendee said, “Bovino’s insight into economic trends and conditions was excellent. Also, you can’t discount the networking portion of the event, it is most certainly worth my time to attend.”

The OBL was pleased to partner with the Ohio Society of CPAs at this year’s event and closed the program with an open mic Q&A with OBL President & CEO Mike Adelman, OSCPA President & CEO Scott Wiley and Bovino.

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