May 23, 2023 – Media Advisory: North Carolina Economic Forecast set for Thursday, May 25

MEDIA ADVISORY:
North Carolina Economic Forecast set for Thursday, May 25

What: John Connaughton, professor of financial economics for UNC Charlotte’s Belk College of Business, will release the “North Carolina Economic Forecast Second Quarter Report” during a virtual presentation.

When/Where: Noon-1 p.m. on Thursday, May 25, via Zoom webinar. Registration is available at belkcollege.charlotte.edu/forecast.

About: Three large U.S. regional banks have failed since mid-March, sparking concerns about the financial system and slowing lending. Earlier this month, the Federal Reserve raised its key interest rates to a 16-year high in an effort to stave off inflation.

Professor Connaughton will break down the latest numbers as he releases the “North Carolina Economic Forecast Second Quarter Report” with a live presentation and Q&A. The presentation will be presented via Zoom webinar and is free and open to the public.

The presentation detail:

  • The current state of North Carolina’s economy and outlook for the state’s employment and output for the remainder of 2023.
  • A look at the top sectors.
  • What to watch for this summer.
  • Early forecasts for the state’s economy in 2024.

Under Connaughton’s direction, the North Carolina Economic Forecast has provided invaluable economic data for North Carolina for over 40 years. The North Carolina Economic Forecast is supported by LPL Financial.

Media Information: Media are asked to register for the virtual event at belkcollege.charlotte.edu/forecast. All media who register prior to the event will receive a link to the presentation. Professor Connaughton will be available for interviews virtually following the presentation. The Belk College of Business will live tweet from the Forecast through its Twitter page (@CLTBelkCollege) with #NCForecast.

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