By: Gunilla Girardo | Principal
I found some encouraging predictions from top financial experts, who say the US economy will potentially return to the “Roaring and Glory Days of the ’20s.”
This optimistic declaration about Uncle Sam is based on the European financial giant UBS’s four criteria of sustained GDP growth of 2.5% or higher, inflation in the 2-3% range, a Fed funds rate of around 3.5%, and a 10-year Treasury yield of around 4%.
- Real GDP for Q2 2024 increased at an annual rate of 3%—ticking the first box.
- The 12-month Consumer Price Index percentage for August 2024 came in at 2.5%—ticking the second box and
- The fed funds rate—despite a higher-than-expected cut last month—is above UBS’s threshold at 4.75% to 5%.
American financial experts are also optimistic about the economic outlook encouraged by the Fed’s rate cut last month and steady job growth. U.S. employers added 254,000 jobs in September, way above what anyone expected. Economists say the past months of steady job growth have been enough to keep the American labor market out of recession territory, especially as GDP growth remains healthy, productivity is firm, and consumers continue to spend.
Massive investments continue to be made in infrastructure, energy, health care, defense, transportation, and industrial automation. The stars are aligned for Nordic companies to add tremendous value to the U.S. market in all these industries. We see daily proof of this growth with the many Nordic companies we support in the U.S.
How is your company preparing for the market opportunities in the U.S., and do you have the talent you need to realize your goals? Partnering with YER USA for your talent acquisition needs will ensure your company’s success. YER USA is a U.S.-based recruiting firm with more than 30 years in the industry. We specialize in supporting European companies in the U.S. Book a meeting with us today to discuss your goals for the U.S.
How is your company preparing for the market opportunities in the U.S., and do you have the talent you need to realize your goals?
Partnering with YER USA for your talent acquisition needs will ensure your company’s success.
The Team and I look forward to supporting your recruitment needs in the U.S. We love our jobs and are very good at finding candidates for clients representing various industries. I’m originally from Sweden but have spent most of my 25+ years career in the U.S., helping companies and organizations grow and succeed, which we all know is about the people you hire. My entrepreneurial business development skills, vast network, and understanding of navigating the fragmented U.S. market are essential daily tools in my work. As former President of the Swedish-American Chambers of Commerce, the organization grew to be the 2nd largest European chamber of commerce in the U.S. I created two new regional offices, launched a J1 Trainee Program, and established a highly successful business matchmaking program positioning SACC-USA as a key player in trans-Atlantic trade and commerce.
Source: Gunilla’s LinkedIn Newsletter