The economy these days is a bit like listening to talk radio - lots of conflicting voices making big claims. So I turned to economist Liz Wilke, Chief Economist at Gusto, to get an expert read on where we're headed.
I recently spoke with Liz on an episode of The Accounting Podcast. Despite the economic rollercoaster of the past year, she offered reassuring and level-headed views. I’ve summarized the key takeaways from our conversation in an article on CPA Trendlines.
In our wide-ranging conversation, Liz shared why she believes recession risks are low in 2023, her take on the regional banking crisis, and thoughts on the talent shortage many businesses now face. Though uncertainties remain, she highlighted several positive signs, including strong consumer spending and a resilient job market despite aggressive Fed rate hikes.
Liz also discussed the potential impacts on small businesses if giant global banks acquire more community banks. She worries small businesses could lose the close connections and local expertise smaller banks provide.
To get Liz’s full analysis and perspective on the economic outlook and my commentary relating it to accountants and their clients, read my article, “‘Uncharted’ Economic Outlook for Accountants,” on CPA Trendlines. I hope you'll find Liz's straightforward approach as insightful as I did in cutting through the noise.
