The Maryland Bankers Association held its annual “First Friday Economic Outlook Forum” in Baltimore last week, in which a panel of economists opined about the Maryland and national economies. A group of MACPA volunteers and staff attended to gain some insight on where we’re headed.
Moderating the panel was Anirban Basu from Sage Policy Group, who is well known and much appreciated in the Baltimore/Washington area.
The panelists were:
What comments from the panelists stood out?
The one point left unaddressed was whether this is just another recession, admittedly a severe one, or whether we’re witnessing a fundamental change to a less vibrant economy and a more austere lifestyle. A move to a “new normal” in our economy has been discussed in the past at CPA Success here and here. I tend to think we’re in a different world today.
What do you think? Are you optimistic we’ll bounce back after this severe recession or has the US economy fundamentally changed?