The Rockford Area Realtors gathered on Thursday to discuss the nature of today's economy and how it is affecting them locally.
The group met for a luncheon at Giovanni's featuring speaker William Strauss, the senior economist and economic advisor for the Federal Reserve Bank of Chicago. The main topic of the day was the state of the economy on both a local and a national level. According to Strauss, the Midwest is currently faring better than the rest of the country, three years into economic recovery.
"The most fascinating aspect of the current economy is that a lot of international companies are continuing to think of the U.S. as a good place to do business," Strauss commented. "Any sector in which labor share has a smaller role is a potential investment area. And clearly, businesses are thinking twice about global supply chain with the need for local production."
Strauss also said that the United States' economy is still growing, just at a moderate pace.
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