{"id":31692,"date":"2019-02-14T11:45:46","date_gmt":"2019-02-14T16:45:46","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=31692"},"modified":"2019-02-15T12:43:42","modified_gmt":"2019-02-15T17:43:42","slug":"economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/02\/economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019\/","title":{"rendered":"Economic Forecasters Give Differing Cautious Views Of The Economy Heading Into 2019"},"content":{"rendered":"
\"\"
Kenneth Entenmann of NBT Bank speaks at the EDC Warren County annual breakfast.<\/figcaption><\/figure>\n

By R.J. DeLuke
\nThe president and CEO of the Business Council of New York gave cautious views of the state and national economy moving into 2019 at the annual economic outlook breakfast held by EDC Warren County on Jan. 31 at the Queensbury Hotel in Glens Falls.
\n\u201cWe\u2019re headed into some very difficult times,\u201d said Heather Briccetti, president and CEO of the Business Council, citing policies enacted by the state Legislature.
\nShe noted that the pace of change in the technological world has accelerated dramatically, and the disruption of economic and social standards \u201cis so much faster now.\u201d
\nBriccetti said there has been high-end wage growth in the state, but there is a large gap between that top and the low-end wage earners that will continue to be a problem.
\nThere is also a bigger gap between political idealogies and that polarization has made people lose faith in politics and other basic institutions.
\nIn New York, she said population is being lost because of an unfriendly business climate. That will result in less representation, \u201cand less pull,\u201d in Washington D.C. And in New York, \u201cpeople who are running government (liberal Democrats) don\u2019\u2019t necessarily represent a lot of us,\u201d whom she called \u201cmoderates.\u201d
\nBriccetti said she is particularly concerned with what she perceives as an embrace of socialism by young voters and the \u201cpopular control of resources and production\u201d which is \u201cdangerous.\u201d
\nIn Scandinavia, often used as an example in the U.S., they do not espouse socialism, but employ \u201ccapitalism, with good social progress.\u201d
\nShe also bemoaned \u201ca cultural rejection of the trades,\u201d in that young people set sites on high-tech jobs, encouraged by schools and parents. They forget about good-paying, strong careers in building trades. Those fields are having a hard time filling jobs, creating opportunity. They also have training programs that can expedite the process for those who are interested.
\nAnother concern Briccetti had was single-payer health insurance in the state. She did not think it would happen this year, but there would be pressure to put a single-payer system in place in the coming years.
\nKenneth Entenmann, senior vice president and chief investment officer for NBT\u2019s wealth management division, spoke about the national economy and economic indicators that are available thus far.
\nWhile there is talk of an impending recession, Entenmann said he does not feel it is imminent in the short term
\nHe said about 318,000 jobs were created in December and wages are starting to grow, which will boost the economy; an economy that is made up 70 percent y consumer spending.
\n\u201cOur economy is going to be OK fore the time being,\u201d he said. Stock markets are stabilizing and he market is correcting itself over time.
\nTrade issues involving China, including the tariff wars, are problematic, but Entenmann was optimistic an agreement could be ironed out. Even if the U.S. imposed all of the proposed tariffs, it would represent an impact of $130 billion in a $100 trillion worldwide economy, he claimed.
\n\u201cIs there going to be a recession ? I would say no, but my guess is as good as yours,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

By R.J. DeLuke The president and CEO of the Business Council of New York gave cautious views of the state and national economy moving into 2019 at the annual economic outlook breakfast held by EDC Warren County on Jan. 31 at the Queensbury Hotel in Glens Falls. \u201cWe\u2019re headed into some very difficult times,\u201d said […]<\/p>\n","protected":false},"author":89,"featured_media":31693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\r\nEconomic Forecasters Give Differing Cautious Views Of The Economy Heading Into 2019 - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/02\/economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Economic Forecasters Give Differing Cautious Views Of The Economy Heading Into 2019 - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By R.J. DeLuke The president and CEO of the Business Council of New York gave cautious views of the state and national economy moving into 2019 at the annual economic outlook breakfast held by EDC Warren County on Jan. 31 at the Queensbury Hotel in Glens Falls. \u201cWe\u2019re headed into some very difficult times,\u201d said […]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/02\/economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2019-02-14T16:45:46+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-02-15T17:43:42+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2019\/02\/edc-breakfast-hc.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"900\" \/>\r\n\t<meta property=\"og:image:height\" content=\"667\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/02\/economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2019\/02\/economic-forecasters-give-differing-cautious-views-of-the-economy-heading-into-2019\/\",\"name\":\"Economic Forecasters Give Differing Cautious Views Of The Economy Heading Into 2019 - 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