SPRINGFIELD, Mo.– Local and state leaders discussed ways Springfield is working to compete for business growth.
Keynote speaker Kevin Kliesen of the Federal Reserve Bank of St Louis said he does not foresee an economic recession soon.
“There are some indicators which raise some red flags at this point, but I think on balance consumer spending looks pretty good.” Said Kliesen. “Job growth looks sound. Again forecasting is a tough thing to do but I think my forecast is that recession is certainly not something we’ll see anytime soon.”
Kliesen stated that most Missouri metroplexes are below the US unemployment rates.
Although home sales have suffered recently, people in the construction industry are continuing to be optimistic.