Economic outlook discussed at Rotary

From staff reports


Andrew George of Regions Bank informed the Rotary Club of Louisville members about possibilities of the 2014 economy to kick off the year.

George discussed overall economic growth, jobs, gross domestic product (GDP) versus U.S. debt, deflation and inflation fears, corporate profit margins and other investing thoughts.

“There is a promise of gradual economic normalization in 2014,” said George.

Employment growth at small businesses has been particularly slow, due to uncertainty about factors such as health care costs and interest rates, George outlined.

He explained that stagnation in the economic growth is a fear especially with the high levels of unemployment that improved GDP calmed certain fears.

He added that emerging markets growth and economic growth in Europe could help U.S. markets as well.

Overall, George encouraged everyone to invest wisely any funds they had and to examine all the factors of each industry.