{"id":2003,"date":"2012-05-21T05:20:03","date_gmt":"2012-05-21T11:20:03","guid":{"rendered":"http:\/\/corevalues.com\/?p=2003"},"modified":"2012-05-21T05:20:03","modified_gmt":"2012-05-21T11:20:03","slug":"2003","status":"publish","type":"post","link":"https:\/\/corevalues.com\/dev\/2012\/05\/21\/2003\/","title":{"rendered":"Chief Economist Diane Swonk&#8217;s Economic Projections"},"content":{"rendered":"<div>\n<p>\u00a0<a href=\"https:\/\/corevalues.com\/wp-content\/uploads\/2012\/05\/time-is-money.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-2006\" title=\"\" src=\"https:\/\/corevalues.com\/wp-content\/uploads\/2012\/05\/time-is-money-300x199.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a><\/p>\n<p>Copyright TIGERS Success Series<\/p>\n<p>By Dianne Crampton<\/p>\n<p>For over the past 3.5 years and counting business success\u00a0has been tied to the plunging economy &#8211; both regional and global. That said I am continuously looking for good economic projections from credible experts to project what is in store for business and leadership futures.<\/p>\n<p>We projected in 2009 that leaders should streamline their operations and get all their bottle necks out during the recession or be caught short when the economy turned around. Economists shed a bright\u00a0light on our projections.\u00a0 Here are some new projections for leaders who want to stay ahead of the game.<\/p>\n<p>In the May publication entitled <em>Themes on the Economy<\/em><sup>\u00ae<\/sup>, Chief Economist Diane Swonk writes about two types of economic changes, cyclical and structural. The first happen quickly. The second, structural changes, are by far the most important, as the effects can be profound and lingering.<\/p>\n<p>Some issues you\u2019ve heard about before, like growing federal deficits, the ongoing crisis in Europe and slowing growth in China. Those are still important, but\u00a0Swonk includes additional changes on her top 10 list that we need to watch:<\/p>\n<ul>\n<li><strong>A mismatch in worker skills versus job openings<\/strong> is contributing to a slow recovery in the labor market. According to Swonk, \u201cSome of the greatest skills gaps are occurring in occupations that require specific training, but nothing as formal as an associate\u2019s degree, let alone a bachelor\u2019s degree. The good news is that the gap between demand and supply in this area of education is closing.\u201d That\u2019s because community colleges are working with companies to design shorter, better-targeted training programs.<\/li>\n<li><strong>The nature of consumer debt is changing<\/strong>.\u00a0Swonk warns,\u00a0\u201cStudent loans are now the fastest growing category of consumer credit and represent the second-largest category of non-revolving credit.\u201d Why? College enrollments have soared since the recession; also, tuition prices have skyrocketed following sharp cuts in government spending on education. Without jobs to pay off those loans, \u201cthe student loan market is a crisis in the making.\u201d<\/li>\n<li>Swonk also says that <strong>we\u2019ve hit the fast-forward button on technology<\/strong> again. She expects the proliferation of smart phones, tablets and cloud-computing to jumpstart productivity and rival technological progress made during the 1990s. But the flip side of opportunity is risk, as in cyber crime. \u201cVast sums of money, along with our best ideas and government secrets, are being stolen by individuals and governments\u201d hacking into our systems.<\/li>\n<\/ul>\n<p>Emphasizing the positive, Swonk notes that we have time to address these changes and formulate strategy. For more details,\u00a0 watch\u00a0this video presentation.<\/p>\n<p>Swonk&#8217;s firm, <a href=\"http:\/\/www.mesirowfinancial.com\">Mesirow Financial<\/a>, is a diversified financial services firm headquartered in Chicago. Celebrating its 75th anniversary this year, the firm remains independent and employee-owned, with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, and Insurance Services, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Copyright TIGERS Success Series By Dianne Crampton For over the past 3.5 years and counting business success\u00a0has been tied to the plunging economy &#8211; both regional and global. That said I am continuously looking for good economic projections from credible experts to project what is in store for business and leadership futures. We projected [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[330,405,406],"tags":[58,404,303,295,407],"class_list":["post-2003","post","type-post","status-publish","format-standard","hentry","category-best-places-to-work","category-economic-projections","category-skills-gap","tag-business","tag-economic-projections","tag-economy","tag-it","tag-workforce-preparedness"],"_links":{"self":[{"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/posts\/2003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/comments?post=2003"}],"version-history":[{"count":0,"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/posts\/2003\/revisions"}],"wp:attachment":[{"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/media?parent=2003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/categories?post=2003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corevalues.com\/dev\/wp-json\/wp\/v2\/tags?post=2003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}