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MORE EFFORT NEEDED: Rhode Island needs better infrastructure, more housing and more effort to foster emerging industries, according to panelists at Providence Business News’ Economic Trends Summit on Jan. 26, which included from left: keynote speaker Thomas Tzitzouris, head of fixed income research at New York City-based Strategas Research Partners; Karl Wadensten, CEO and president of VIBCO Inc.; Peter Phillips, chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal.
PBN PHOTO/MIKE SKORSKI

PBN summit: With recession looming, R.I. economy faces big test

The predicted downturn in 2023 will test Rhode Island’s business owners in a state that has yet to adequately prepare its labor force with...
JOB MARKET SHIFTS: The ratio of job openings to unemployed people stood at nearly 2 to 1 near the end of 2022, a big difference from the ratio two years earlier at the start of the COVID-19 pandemic. 
COURTESY STRATEGAS RESEARCH PARTNERS

Economist at PBN summit: Job market remains crucial question mark

Thomas Tzitzouris sees jobs as the big economic “wild card” in 2023. A labor market characterized by low unemployment can have a downside for businesses...
ROOM TO RUN: Robert Wheeler, co-owner of Friends of Toto Inc. in Pawtucket, spent $400,000 to double his business space but must now attract more customers to cover the cost. 
PBN FILE PHOTO/­MICHAEL SALERNO

It’s not if but when on recession, so get ready

Inflation and a looming recession have weighed heavily on local business owners and state leaders for months. And with good reason, as this week’s...

If a recession comes this year, how will it affect the...

Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, expects the Federal Reserve will raise its benchmark interest rate until it maxes...
KARL WADENSTEN, second from left, CEO and president of VIBCO Inc., makes a point during the panel discussion at Providence Business News' 2023 Economic Trends Summit in Providence on Thursday. Also on the panel is, from left, Thomas Tzitouris, head of fixed income research at Stratgas; Peter R. Phillips, senior vice president and chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal. At far right is PBN Editor Michael Mello, the moderator. / PBN PHOTO/MIKE SKORSKI

PBN summit panel: Economic indicators say recession coming in 2023

PROVIDENCE – In many ways, the party is over. At least that's the way the panelists at Providence Business News’ Economic Trends Summit on Thursday...

The price of tampering with free markets

When you mess with Mother Nature, she tends to mess back. Rampant inflation is just the latest example of what should now be common...
THE FORECASTERS: Panelists participating in PBN’s Economic Trends Summit on Feb. 10 discuss what the future holds for Rhode Island’s economy. Clockwise from top left are PBN Editor Michael Mello, who served as moderator; Thomas Sweeney, owner of Sweeney Real Estate and Appraisal; Jeffrey Diehl, CEO and executive director for the Rhode Island Infrastructure Bank; Thomas Tzitzouris, head of fixed income research for Strategas Research Partners; Elizabeth “Betty” Robson, CEO of J.F. Moran Co.; and Craig Pickell, chairman and CEO of Bullard Abrasives Inc.

Plenty of challenges ahead, but which to solve first?

Inflation. Supply chain bottlenecks. Worker shortages. The pandemic-induced fires are spreading fast, and companies are struggling to figure out which ones to put out first. Local...
UPHILL CLIMB: A chart from Thomas Tzitzouris, head of fixed income research for Strategas Research Partners, shows that the consumer price index has shot up from near 0% at the beginning of the COVID-19 pandemic to about 7% in January. / COURTESY STRATEGAS RESEARCH PARTNERS

Economist: Inflation isn’t going to fade soon

To those grappling with skyrocketing prices, Thomas ­Tzitzouris has bad news: price hikes aren’t going away anytime soon. Inflation will continue to be the story...

PBN Economic Summit: Inflation, labor woes will endure

PROVIDENCE – Like any good business owner, Craig Pickell documents every cost increase incurred by his Lincoln manufacturing company, Bullard Abrasives Inc. But the year-end...
INTO THE FUTURE: Mark K. W. Gim, bottom left, The Washington Trust Co. president and chief operating officer, provides his outlook for the Rhode Island economy at PBN’s Economic Trends Summit on Feb. 18. Also participating in the virtual event were, clockwise from top left, Thomas Tzitzouris, director at Strategas Research Partners; PBN Editor Michael Mello; Alden Anderson Jr., CBRE/New England senior vice president and partner; and Kristen Adamo, Providence Warwick Convention & Visitors Bureau CEO and president.

The recipe for recovery? Depends on whom you ask

Point of view matters, perhaps now more than ever. Indeed, panelists at Providence Business News’ Economic Trends Summit on Feb. 18 painted very different pictures...
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