2017 Business Forecast: Confidence in Uncertain Times
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The McCombs School of Business at The University of Texas at Austin hosted a series of business forecasts for 2017 in Austin, San Antonio, Houston, and Dallas. Economists and executives from key industry sectors led discussions about what to expect for both Texas’ and the nation’s economies. Here are a few things we learned.
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2017 Business Forecast: Confidence in Uncertain Times
- 1. “We need to begin making some modifications to regulations so that we can get money flowing back into the economy.” JPMorgan Chase Chairman, Dallas Region Elaine Agather
- 2. “There are a lot fewer publicly traded companies in the U.S. than there were 10 years ago.” David Booth Dimensional Fund Advisors Chairman and Co-CEO David Booth Dimensional Fund Advisors Chairman and Co-CEO
- 3. “We’ve survived the energy bust with few deep scars ... it looks like the worst is behind us.” Mine Yücel SVP, Director of Research Federal Reserve Bank of Dallas
- 4. “What you sell is dictated by the data that you produce.” Alan DreebenPartner Partner Republic National Distributing
- 5. “The most significant technology to come thus far from the 21st century is from the state of Texas — the fracking revolution.” John Goff Chairman and CEO Crescent RE Holdings John Goff Chairman and CEO Crescent RE Holdings
- 6. “Workers are aging out of the workforce. The bad news is that it’s going to continue, in our judgment, over the next 10 years.” Chairman and CEO Robert Kaplan Federal Reserve Bank of Dallas “Workers are aging out of the workforce. The bad news is that it’s going to continue, in our judgment, over the next 10 years.” Chairman and CEO Robert Kaplan Federal Reserve Bank of Dallas
- 7. “Texas has the largest number and the largest percentage of health care uninsured in the United States.” Nobilis Health Corp. Chairman Don Kramer, M.D.
- 8. “The innovation system that drives prosperity is functioning well and getting better.” Professor Bob Metcalfe Cockrell School of Engineering Professor Bob Metcalfe Cockrell School of Engineering “The innovation system that drives prosperity is functioning well and getting better.” “The innovation system that drives prosperity is functioning well and getting better.”
- 9. Bill Montgomery Partner Quantum Energy Partners “The Permian Basin is the hottest area, I would argue, on planet Earth.”
- 10. Rackspace Chairman and CEO Taylor Rhodes “Every single business today, no matter what industry it’s in, is a tech company.”
- 11. Asst. Vice Pres. and Sr. Economist Federal Reserve Bank of Dallas San Antonio Branch Keith Phillips “San Antonio experienced 3.7 percent growth last year, more than any other Texas city.”