In this insightful episode of the podcast, we delve into the complexities of the current economic landscape with a focus on the forecast for 2024, the implications of a mild recession, and strategies for businesses to navigate these challenging times. The discussion also covers the evolving dynamics of wholesale trade, financial market volatility, and the impact of geopolitical events on global economies.
THREE BIG IDEAS FROM THE INTERVIEW:
Mild Recession in 2024 and Opportunities It Presents: The episode discusses the anticipated mild downturn in 2024. Despite this, there are opportunities for entrepreneurs to capitalize on, particularly as the U.S. economy is expected to rise in the second half of 2025 and beyond.
Economic Volatility and Its Implications: The podcast highlights the elevated volatility in financial markets and other sectors like oil, emphasizing the need for businesses to be prepared for rapid changes and unexpected developments.
Impact of Geopolitical Events and Changing Global Dynamics: The conversation sheds light on how geopolitical events, such as the evolving relationship between China and the United States, are influencing global economic trends and supply chains.
ABOUT BRIAN BEAULIEU:
Brian Beaulieu has served as CEO and Chief Economist of ITR Economics since 1987, where he researches the use of business cycle analysis and economic forecasting as tools for improving profitability. Brian has shared his highly valued research results via presentations, workshops, and seminars in numerous countries to hundreds of thousands of business owners and executives for the last 40 years. He is coauthor of Prosperity in the Age of Decline, a powerful look at how to make the most of the US and global trends over the next 20 years, as well as Make Your Move, a practical and insightful guide to increasing profits through inevitable business cycle changes. Brian also coauthored But I Want It!, ITR Economics’ first children’s book. Brian serves on the board of directors for the Ariens Company, a leading global manufacturer of outdoor power equipment, as an advisor to Ackerberg Investors Fund III, as well as the board for Bellwether Wealth, an investment management and strategic wealth planning firm based in Lincoln, NE.
Brian has shared his expertise through various media outlets, including: USA Today, Knight Ridder, The Atlanta Journal-Constitution, The Wall Street Journal, Barron’s, The Washington Post, Kudlow and Friends, First on Fox, and numerous other outlets.
Resources:
ITR Economics
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