2023 outlook from ASU and national economists

Rhea-AI Summary

The 2023 economic outlook presented at the 59th annual ASU/PNC Bank Economic Forecast Luncheon highlights significant challenges, including conflicting economic indicators, rising inflation, and potential recession risks. Despite robust employment, concerns over food supply disruptions due to the Ukraine conflict have been raised. Key speakers include Federal Reserve Governor Christopher Waller and PNC’s Chief Investment Strategist Daniel Brady. The event will occur on November 16, 2022, at the Sheraton Phoenix Downtown, offering insights on market performance and regional economic trends.

Positive

• Strong employment figures despite economic uncertainty.
• Engagement of top economists providing valuable insights.

Negative

• Increased inflation levels not seen in years.
• Potential recession risks raised by experts.
• Conflicts in economic indicators complicating forecasts.

Speakers from across the country and region share what's in store for the year ahead at the 59th annual ASU/PNC Bank Economic Forecast Luncheon

TEMPE, Ariz., Nov. 2, 2022 /PRNewswire/ -- The 2023 economic outlook is perhaps the most complex and challenging exercise in economic forecasting in decades. Economic indicators are in conflict. Inflation has increased to levels not seen in years but appears to be decreasing. Output may be slowing, and there are questions of a possible recession looming. At the same time, employment continues to be strong. Moreover, the conflict in Ukraine is affecting food supplies and prices globally.

Join us at this Economic Forecast Luncheon — hosted by the W. P. Carey School of Business at Arizona State University and sponsored by PNC Bank — where top national and regional experts will present their economic forecasts, advice on these issues, and more.

Who:

• Keynote address: Christopher Waller, Governor, Board of Governors of the Federal Reserve System
• Taking stock of the markets: Daniel J. Brady, Chief Investment Strategist of the PNC Asset Management Group
• Outlook for the regional and metro economy: Dennis L. Hoffman, Director of the L. William Seidman Institute and Director of ASU's Office of the University Economist

When: Wednesday, Nov. 16, 2022, from 11:15 a.m. to 1:30 p.m.

Where: Sheraton Phoenix Downtown in the Phoenix Ballroom or virtual via Zoom

Register: wpcarey.asu.edu/efl

Media:

Dennis Hoffman is available for media opportunities in person at the Sheraton Phoenix Downtown before the event beginning at 10 a.m. Reporters can schedule interviews by emailing Shay Moser at shay.moser@asu.edu. To schedule an interview with Daniel Brady, contact Heidi Hurst, vice president of regional communications for PNC Bank, at heidi.hurst@pnc.com.

About the W. P. Carey School of Business

The W. P. Carey School of Business at Arizona State University is one of the top-ranked business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from more than 100 countries and W. P. Carey is represented by alumni from over 160 countries. Visit wpcarey.asu.edu.

About PNC Bank

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

For more information/media contact:

Shay Moser, W. P. Carey School of Business
Shay.Moser@asu.edu

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SOURCE W. P. Carey School of Business at Arizona State University

FAQ

What is the date and location of the ASU/PNC Bank Economic Forecast Luncheon?

The luncheon will take place on November 16, 2022, at Sheraton Phoenix Downtown.

Who are the key speakers at the ASU/PNC Bank Economic Forecast Luncheon?

Key speakers include Christopher Waller (Federal Reserve Governor) and Daniel J. Brady (Chief Investment Strategist of PNC Asset Management Group).

What are the main topics discussed at the Economic Forecast Luncheon?

The luncheon will discuss the 2023 economic outlook, including inflation, recession risks, and market performance.

How can I register for the ASU/PNC Bank Economic Forecast Luncheon?

You can register for the luncheon at wpcarey.asu.edu/efl.