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Economic Forum at Southern Miss Explores Forecasts for 2016
Financial experts expressed cautious optimism about the U.S. economy for 2016 during the annual Economic Outlook forum held Thursday, Feb. 11 at the Thad Cochran Center on The University of Southern Mississippi’s Hattiesburg campus.
Hosted by the Southern Miss College of Business and the Trent Lott National Center for Excellence in Economic Development and Entrepreneurship, the event brought together experts from banking, finance, and academia to explore a number of issues and research related to the economic outlook for 2016.
“Current indicators forecast the economy to grow at 2 12 percent in 2016,” said Adrienne Slack, vice president and regional executive for the Federal Reserve Bank of New Orleans. “We are seeing substantial progress in the labor market and job growth remains robust. Of course, there are many factors that we will be watching to ensure that inflation is held in check. Things like the price of oil and the condition of the global economy.”
A packed audience at the Thad Cochran Center ballroom also heard from:
- Chad Newell, president, Area Development Partnership
- Darrin Webb, state economist and director of the University Research Center
- Ashley Edwards, president, Gulf Coast Business Council
- Lee Lawson, president and CEO, Baldwin County Economic Development
“This forum provided an opportunity for our region to review economic data from the past year and to look forward for projections for this year,” said Dr. Faye Gilbert, dean of the University’s College of Business. “It is exciting to me to see the partnership between The First, Trent Lott Center, and the College of Business convene business leaders together with students to focus on economic forecasts for this region.”
