RSM’s Joe Brusuelas on What to Watch in Uncertain Economic Times
RSM's chief economist discusses the risk factors impacting the middle-market economy, the likelihood of a U.S. recession, and his reading recommendations.
Joe Brusuelas, chief economist for RSM, spoke with MMG Editor Kathryn Mulligan about what U.S. middle-market managers should be watching as the economy slows and risk factors mount, notably the trade dispute with China. Brusuelas doesn’t anticipate a recession this year—unless there is a significant hike in import taxes—but he described what he expects a downturn will look like when it occurs.
During the conversation, recorded on Feb. 11, he discussed how midsize firms should plan following the Federal Reserve’s recent decision to pause its rate increases, and how they should prepare for NAFTA modernization, an area that Congress is expected to address this term.
Brusuelas also shared his latest middle-market reading recommendations: a paper from the San Francisco Federal Reserve titled “How Much Could Negative Rates Have Helped the Recovery?”, and “Capitalism without Capital: The Rise of the Intangible Economy” by Jonathan Haskel and Stian Westlake.