Happy New Year! As we begin 2015, as with any new year, we spend the first few weeks of January talking about what lies ahead in the newyear. Each year brings with it its share of ups and downs and this is true on both the personal side as well as the business side of things. As a business leader, I always appreciate the chance to read what other business leaders are talking about in the new year; what they are anticipating and what their concerns are for the next twelve months.
Over the next few weeks, there will be numerous discussions and predictions to sort through but perhaps the most significant one to watch is the one about the economy. As I did my research, I came across a recent article from YAHOO FINANCE regarding what business leaders expect for the US economy. Thankfully, for the first time in a long time, business leaders are “cautiously optimistic” that the US economy will see growth in 2015. According to this article, of the business executives surveyed, “nearly one-half believe the economy will experience slow growth in 2015.”
In my book, slow growth is better than no growth, and while most leaders don’t expect a “booming” economy, all agree that we are not heading into a recession. That is very good news as we head into 2015!
What is the one factor that could derail our growth? Most believe instability in the Middle East would be the primary factor that would affect our economic growth.
Of course, time will tell on this and all other predictions, but in my years of doing business I have consistently seen that when the US economy is growing, even slowly, everyone benefits. A strong US economy strengthens other national markets and that is good for businesses here and abroad.
So as we move forward this year, we can do so with a “cautious optimism” that our economy is on the right track, and hopefully will pick up steam as we move along.
Dilip Barot is the Founder and Chief Strategy Officer of Etech Global Services, and founder of Creative Choice Group, headquartered in Palm Beach Gardens, Florida. Etech employs 2,500 team members across the US, India and Jamaica. If you would like to learn more about Etech, contact firstname.lastname@example.org for more information