April 22, 2025 - 04:03
Several economists are now suggesting that a recession could be on the horizon in 2025. This prediction stems from a combination of factors, including rising inflation rates, tightening monetary policy, and potential disruptions in global supply chains. While some experts express concern about these indicators, others argue that the economy still shows resilience, with low unemployment and steady consumer spending.
The debate among economists highlights the complexities of the current economic landscape. On one hand, the Federal Reserve's efforts to combat inflation through interest rate hikes could lead to decreased consumer and business spending, potentially triggering a downturn. On the other hand, strong labor markets and robust corporate earnings could provide a buffer against a full-blown recession.
As discussions continue, stakeholders across various sectors remain vigilant, monitoring economic trends closely. The divergence in opinions underscores the uncertainty that often accompanies economic forecasting, leaving many to wonder what the future holds for the economy in the coming years.
June 13, 2025 - 21:32
Declining Business Tax Revenues Continue to Raise ConcernsSenate budget writers may be hopeful about future business tax revenues for the upcoming biennium, yet the figures from May reveal a troubling decline. Recent data indicates that business tax...
June 13, 2025 - 02:33
Brian Rolapp to Lead PGA Tour's New Commercial DivisionIn a significant move, Brian Rolapp, a prominent executive from the NFL, is set to transition to the PGA Tour as the inaugural CEO of its newly established commercial division. This appointment...
June 12, 2025 - 20:27
Complimentary Small Business Counseling Launches in Blowing RockBLOWING ROCK, NC — The Blowing Rock Chamber of Commerce is excited to introduce free small business counseling sessions, starting June 10. These sessions will be held biweekly on Tuesdays from...
June 12, 2025 - 10:03
Newport's Economic Leaders Introduce AI Resource for Local EnterprisesThe Newport Area Chamber of Commerce and the Newport Economic Development Commission (NEDC) are launching an innovative tool designed to support local businesses, landlords, and realtors. This new...