The Outlook for the US Economy
- This event has passed.
As governments shut down businesses and consumers to contain COIVD, the effects on the economy weren’t simply unprecedented, they were something we have never seen before. Countless records of economic data were smashed not by a few percentage points, but by thousands of percentage points. The damage to the labor market in particular has been of critical importance. While government responses to tide over employees and consumers have helped, a sharp rebound in the demand for labor looks tenuous, and it may be years before the economy returns to any semblance of full employment. And if COVID makes a return, the greatest risk to the economy would be a repeat of governments’ non-targeted efforts to contain it.
In this session, we will cover how to:
- Use credit insurance as a risk mitigation tool
- Gain an understanding of current US economic conditions
- Comprehend the obstacles to a full recovery in the labor market
- Understand where the biggest risks to an economic recovery lie
Chief Economist, North America
Since 1996, Dan North has been with Euler Hermes, the world’s oldest and largest credit insurance company. As the company’s chief economist for North America, he uses macroeconomic and quantitative analyses to help manage Euler Hermes’ risk portfolio of more than $250 billion in annual trade transactions within the region. Prior to joining the company, Dan worked for Citicorp, using similar analyses to create outperforming investment strategies. Dan North earned his MBA from the Wharton School of Business.
As one of the leading U.S. economists, Dan North has appeared on CNBC, Fox Business News, ABC News Now, France 24, and Bloomberg Radio and Television. He has been quoted by USA Today, Barron’s, Bloomberg Business Week, The Washington Post, Paris Le Monde, The Wall Street Journal, and New York Times. After having predicted the 2008/2009 recession and its implications accurately, Dan North was ranked 4th on Bloomberg’s list of the 65 top economic forecasters in 2010.
Agent/Trade Risk Management Consultant
Suzanne Sabharwal has spent her entire career in the financial services industry. Suzanne started off working at two different fleet management companies, where she was responsible for managing and growing a portfolio of clients – delivering strategic guidance and recommendations largely focused on cost savings and risk management opportunities. Suzanne then transitioned to selling trade credit insurance at Euler Hermes three years ago because she saw the value in educating and consulting C-level individuals on the importance of protecting their accounts receivables, so they could mitigate risk and safely grow their business. Working for a risk information company, every day she is helping companies make better informed business decisions about their buyers and credit management processes.
Whatever the future may bring at home or abroad, Euler Hermes can help you be prepared by predicting trade and credit risks and protecting your cash flow. Backed by Allianz and with more than 125 years of expertise, Euler Hermes’ global business intelligence is unrivalled. Our experts use technology-driven processes to generate insights and present actionable information to businesses of all sizes and in all sectors. We provide a wide range of bonding, guarantees and collections services for the management of business-to-business trade receivables. We employ over 6,000 employees in over 52 countries and insure nearly $1 trillion in global business transactions. We help customers of all sizes to trade wisely and grow their businesses safely.
Friday, July 31st
12:00 PM – 1:00 PM
One (1.0) CPE credit available. Field of Study: TBD
FEI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Questions regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.NASBARegistry.org.