VolkLaw Attended the 2019 Economic Forecast

Posted: January 27th, 2019

The Economic Development Commission of Florida’s Space Coast held its second annual

Economic Forecast Evening on January 17, 2019 at the King Center in Melbourne. Following a

networking hour with cocktails and heavy hors d’oeuvres, a video was shown featuring several

heads of noteworthy I-4 corridor companies giving their overall outlook on the economic outlook

for the region – present and future. The main event was a one hour talk by Brian Wesbury, the

lead economist for First Trust Advisors LP in Chicago. Mr. Wesbury, who gives roughly 200

speeches a year, was both entertaining and informative and focused on a series of graphs and

economic indicators that lead him to conclude that the overall economic forecast for the next 18

months or so is relatively positive. While acknowledging that the market is due for a correction,

he believes that we do not have a recession on the near horizon due primarily to the strong

earnings of companies on the major stock indices.