C-Circle – Economic Outlook for 2018 – What is Next?
Tuesday, January 16, 2018
Silicon Valley Innovation Center
425 National Ave.
Mountain View, CA 94043
Are you a CEO or other C-level executive and wish to request to be part of these events?
The ACG Silicon Valley’s C-Circle, now in its seventh year, proudly announces that it has attracted a following of approximately 400 CEOs and C-level executives and achieved a regular attendance of 35 executives per session.
Economic Outlook for 2018 – What is Next?
Since the 2016 election, the U.S. economy appears to be growing at a healthy pace. For the second and third quarters of 2017, the growth in the gross domestic product has exceeded 3%, housing prices are at an all-time high, consumer confidence is at a 17 year high, the S&P 500 has added $4 Trillion in wealth, corporate profits are up 10% over a strong 2016, and unemployment is the lowest in 17 years. However, the world remains a dangerous place with geopolitical threats from North Korea and Iran causing anxiety and the U.S. population remains bitterly divided.
Please join ACGSV’s C-Circle breakfast for a lively discussion on the state of the U.S. economy and what the future holds for the country and Silicon Valley.
- What is the current state of the U.S. economy with respect to GDP growth, “real” unemployment rate, inflation and wages?
- How do these indicators compare with the same time last year?
- Is 2018 likely to be a year of acceleration or flat growth?
- What has been the impact of “de-regulation” on unemployment, wage rates and economic growth?
- Is the energy sector healthy? What is the outlook for the industry and its impact on the US economy?
- Is the growth of the technology sector likely to continue?
- What is the state of the capital markets including the stock market, private equity, venture capital, real estate, debt and other sectors?
- What is the anticipated economic impact of the proposed tax cuts?
- What is the status of “repatriation of corporate offshore profits”? What is the anticipated economic impact?
- What happened to the “new normal” of unemployment rates above 5% and economic growth below 2%?
- Is there a tightening of the labor market?
- What is the likely impact on inflation?
- What headwinds is the economy facing?
- Will the $20 trillion national debt be a drag on the economy?
- Is the political division good or bad from an economic point of view?
- What is the outlook for interest rates?
- What is the economic outlook for Silicon Valley?
- It seems that optimism among Americans regarding the economy is high?
- Will housing prices continue to increase?
Scott A. Anderson, Ph.D.
Chief Economist & Executive Vice President
Bank of the West
Scott Anderson is a Chief Economist and Executive Vice President at Bank of the West. In this role he analyzes and forecasts international, national and regional economic trends for Bank of the West management, business lines and clients. He currently authors Instant Analysis reports of daily economic releases, a weekly U.S. Outlook Report with longer-term economic and interest rate forecasts. He also creates international chart books on China and European economies, as well as regional reports on the California Outlook and a broader Regional Quarterly Review report. As an experienced economic advisor in the financial services sector, Scott has consistently been recognized as one of the top economic forecasters in the country by Bloomberg and USA Today.
Scott’s economic research is widely read and cited by the financial and business communities, and he is a sought after national expert and speaker on macroeconomics issues. He is currently a regular contributor to Forbes. He has appeared in numerous print, television and radio media outlets which include the New York Times, Washington Post, Los Angeles Times, Bloomberg, CNBC and NPR.
Scott was appointed Chairman of the American Bankers Association Economic Advisory Committee in 2012 and has served on the Committee since 2004. In 2015, he was appointed to the California Council of Economic Advisors. Among his numerous professional affiliations, Scott is a member of the Federal Reserve’s Survey of Professional Forecasters and the National Association of Business Economists.
Prior to Bank of the West, Scott was a Director and Senior Economist at Wells Fargo where he produced the macroeconomic forecast and was the author of global outlook reports, U.S. economic and financial commentary and regional California and Minnesota Outlook reports. Scott has also held positions at Moody’s Analytics in Philadelphia and the International Monetary Fund in Washington D.C.
Scott earned his Bachelor’s Degree in Economics from the University of Minnesota and his Doctorate in Economics at George Washington University.
James C. Chapman
Jim is a corporate, venture capital and mergers and acquisitions attorney who has been practicing law in Silicon Valley for 30 years. During his career, he has been involved in over 300 mergers, acquisitions and finance transactions. He was also an early pioneer in representing companies in cross border transactions between the US and China.