We are officially at the halfway point of the year, which makes this a perfect time to pop the hood on the economy and see what is really driving the engine.
For entrepreneurs, business builders and tech leaders, the economy can feel like a dashboard full of blinking lights. Inflation. Interest rates. Consumer spending. AI investment. Hiring. Global uncertainty. Every one of those indicators can change how you plan, hire, invest and grow.
That is why today's 10 Minute Tech Talk features insights from Olu Omondunbi, PhD, Chief Economist for Huntington Private Bank. Olu recently broke down the national economic picture at Huntington Bank's Economic Outlook & Market Overview event, and his message is one entrepreneurs should pay attention to: despite uncertainty, the U.S. economy continues to show resilience.
His outlook can be summed up in three buckets:
Wins: Consumer resilience, productivity gains and business investment
Worries: Inflation, interest-rate policy and consumer spending outpacing income
Wild cards: Global conflict, energy prices and geopolitical disruption
Host Jonathan Kesrting of the Pittsburgh Technology Council reviews five key takeaways on the economy moving forward. So, before you make your next big move, listen in. This is your midyear economic checkpoint.
Produced by the Pittsburgh Technology Council, this is a podcast for tech and manufacturing entrepreneurs exploring the tech ecosystem, from cyber security and AI to SaaS, robotics, and life sciences, featuring insights to satisfy the tech curious.